In the past week, FGF stock has gone up by 42.39%, with a monthly decline of -7.09% and a quarterly plunge of -6.65%. The volatility ratio for the week is 15.60%, and the volatility levels for the last 30 days are 11.96% for Fundamental Global Inc The simple moving average for the past 20 days is 2.54% for FGF’s stock, with a -21.92% simple moving average for the past 200 days.
Is It Worth Investing in Fundamental Global Inc (NASDAQ: FGF) Right Now?
The stock has a 36-month beta value of 0.47. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FGF is 1.12M, and at present, short sellers hold a 0.56% of that float. On November 14, 2024, the average trading volume of FGF was 8.69K shares.
FGF) stock’s latest price update
The stock price of Fundamental Global Inc (NASDAQ: FGF) has jumped by 32.63 compared to previous close of 16.64. Despite this, the company has seen a gain of 42.39% in its stock price over the last five trading days. globenewswire.com reported 2024-11-05 that Mooresville, NC, Nov. 05, 2024 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global” or the “Company”) is pleased to announce that Aldel Financial II Inc. (Aldel Financial II”), one of the Company’s merchant banking holdings, has successfully completed a $230 million initial public offering.
FGF Trading at -5.00% 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 -49.84% of loss for the given period.
Volatility was left at 11.96%, however, over the last 30 days, the volatility rate increased by 15.60%, as shares sank -7.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.92% lower at present.
During the last 5 trading sessions, FGF rose by +42.39%, which changed the moving average for the period of 200-days by -39.12% in comparison to the 20-day moving average, which settled at $21.52. In addition, Fundamental Global Inc saw -44.83% 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 1,000,000 shares at the price of $0.24 back on Nov 01 ’24. After this action, Fundamental Global Inc. now owns 2,223,843 shares of Fundamental Global Inc, valued at $240,400 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 29 ’24, which means that Fundamental Global Inc. is holding 3,423,843 shares at $23,270 based on the most recent closing price.
Stock Fundamentals for FGF
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.08 for the gross margin
The net margin for Fundamental Global Inc stands at -0.13. The total capital return value is set at -0.07. Equity return is now at value -9.92, with -8.04 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 -2.15. The debt to equity ratio resting at 0.05. 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 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 1.64for trailing twelve months and the total asset turnover is 0.37.
Conclusion
To sum up, Fundamental Global Inc (FGF) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
