FG Communities (NASDAQ:FGC) Releases Earnings Results

FG Communities (NASDAQ:FGC) announced its quarterly earnings data on Wednesday. The company reported ($0.10) EPS for the quarter, Zacks reports. The firm had revenue of $0.23 million for the quarter. FG Communities had a negative net margin of 4,888.86% and a negative return on equity of 95.68%.

FG Communities Trading Up 2.3%

Shares of NASDAQ FGC traded up $0.14 during trading hours on Thursday, reaching $6.32. The stock had a trading volume of 59,823 shares, compared to its average volume of 100,889. The firm has a market cap of $28.91 million, a price-to-earnings ratio of -0.79 and a beta of 1.27. FG Communities has a 52-week low of $4.18 and a 52-week high of $16.95. The business’s fifty day moving average price is $7.84 and its two-hundred day moving average price is $7.27.

Wall Street Analysts Forecast Growth

FGC has been the subject of a number of analyst reports. Weiss Ratings upgraded FG Communities from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. Wall Street Zen upgraded shares of FG Communities from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.00.

About FG Communities

FG Nexus, Inc. (NASDAQ: FGNX) is a diversified holding company focused on building and managing a portfolio of businesses across several industries. The company’s activities include investments and operating interests in financial services, media and entertainment, and related businesses. Through its subsidiaries and investments, FG Nexus provides access to services and products connected with financial solutions, entertainment technology, and other specialized operating activities. Its portfolio-oriented structure allows the company to pursue opportunities across multiple business sectors rather than relying on a single product line.