Fundamental Global Inc (NASDAQ: FGF) has a price-to-earnings ratio of 0.72x that is above its average ratio. Additionally, the 36-month beta value for FGF is 0.56. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FGF is 1.12M and currently, short sellers hold a 0.01% ratio of that float. The average trading volume of FGF on November 05, 2024 was 2.56K shares.
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FGF) stock’s latest price update
Fundamental Global Inc (NASDAQ: FGF)’s stock price has plunge by -31.46relation to previous closing price of 22.25. Nevertheless, the company has seen a -34.63% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-28 that Mooresville, NC, Oct. 28, 2024 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global”) today announced that it will effect a one (1)-for-twenty-five (25) reverse stock split of its outstanding common stock, effective October 31, 2024 at 5:00 p.m., Eastern Time. The Company’s common stock should begin trading on a split-adjusted basis at the commencement of trading on November 1, 2024, under the Company’s existing trading symbol, “FGF.” The Company’s common stock has been assigned a new CUSIP number, 30329Y 304, in connection with the reverse stock split.
FGF’s Market Performance
FGF’s stock has fallen by -34.63% in the past week, with a monthly drop of -41.12% and a quarterly drop of -35.79%. The volatility ratio for the week is 19.57% while the volatility levels for the last 30 days are 8.67% for Fundamental Global Inc The simple moving average for the last 20 days is -36.36% for FGF stock, with a simple moving average of -47.13% for the last 200 days.
FGF Trading at -37.57% from the 50-Day Moving Average
After a stumble in the market that brought FGF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.34% of loss for the given period.
Volatility was left at 8.67%, however, over the last 30 days, the volatility rate increased by 19.57%, as shares sank -39.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.90% lower at present.
During the last 5 trading sessions, FGF fell by -34.63%, which changed the moving average for the period of 200-days by -55.31% in comparison to the 20-day moving average, which settled at $23.96. In addition, Fundamental Global Inc saw -61.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FGF starting from Fundamental Global Inc., who sale 100,000 shares at the price of $0.23 back on Oct 29 ’24. After this action, Fundamental Global Inc. now owns 3,423,843 shares of Fundamental Global Inc, valued at $23,270 using the latest closing price.
Fundamental Global Inc., the 10% Owner of Fundamental Global Inc, sale 100,000 shares at $0.23 during a trade that took place back on Oct 30 ’24, which means that Fundamental Global Inc. is holding 3,323,843 shares at $22,750 based on the most recent closing price.
Stock Fundamentals for FGF
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.27 for the gross margin
The net margin for Fundamental Global Inc stands at -0.13. The total capital return value is set at -0.08. Equity return is now at value -28.20, with -13.30 for asset returns.
Based on Fundamental Global Inc (FGF), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -1.8. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -21.82.
Currently, EBITDA for the company is 3.85 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.47. The receivables turnover for the company is 1.68for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.70.
Conclusion
In conclusion, Fundamental Global Inc (FGF) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
