FG Nexus Inc (NASDAQ:FGNX) Receives $10.00 Average PT from Analysts

FG Nexus Inc (NASDAQ:FGNX) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.00.

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FG Nexus in a report on Wednesday, October 8th. ThinkEquity started coverage on FG Nexus in a research report on Monday, October 6th. They set a “buy” rating for the company. Wall Street Zen upgraded FG Nexus to a “hold” rating in a research report on Saturday, August 30th. Litchfield Hills Research assumed coverage on FG Nexus in a research note on Tuesday, November 11th. They set a “buy” rating and a $12.00 price objective for the company. Finally, B. Riley started coverage on shares of FG Nexus in a research note on Wednesday, October 15th. They issued a “buy” rating and a $8.00 target price on the stock.

FG Nexus Trading Down 5.8%

Shares of FGNX stock opened at $2.60 on Tuesday. The firm has a fifty day simple moving average of $5.06. The firm has a market cap of $104 million, a PE ratio of -0.30 and a beta of 0.78. FG Nexus has a 52-week low of $2.55 and a 52-week high of $41.25.

FG Nexus (NASDAQ:FGNX) last posted its earnings results on Friday, November 14th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. The business had revenue of $0.89 million during the quarter, compared to the consensus estimate of $15.30 million.

FG Nexus Company Profile

FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee.