FGI Industries Ltd (NASDAQ: FGI) is -5.81% lower on its value in year-to-date trading and has touched a low of $0.46 and a high of $1.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FGI stock was last observed hovering at around $0.54 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $0.73, the stock is 26.82% and 21.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.24 million and changing 35.16% at the moment leaves the stock -6.25% off its SMA200. FGI registered -36.52% loss for a year compared to 6-month loss of -10.26%. The firm has a 50-day simple moving average (SMA 50) of $0.60536 and a 200-day simple moving average (SMA200) of $0.77789.
The stock witnessed a 41.75% gain in the last 1 month and extending the period to 3 months gives it a -13.38%, and is 35.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.78% over the week and 11.93% over the month.
FGI Industries Ltd (FGI) has around 420 employees, a market worth around $7.00M and $134.28M in sales. Fwd P/E is 7.30. Profit margin for the company is -1.06%. Distance from 52-week low is 59.84% and -46.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.41%).
with sales reaching $32.66M over the same period.The EPS is expected to grow by 11.54% this year, but quarterly earnings will post 6.65% year-over-year. Quarterly sales are estimated to grow 11.19% in year-over-year returns.
FGI Industries Ltd (FGI) Top Institutional Holders
8.0 institutions hold shares in FGI Industries Ltd (FGI), with institutional investors hold 32.20% of the company’s shares. The shares outstanding are 9.59M, and float is at 2.52M with Short Float at 4.28%. Institutions hold 8.75% of the Float.
The top institutional shareholder in the company is FIRST WILSHIRE SECURITIES MANAGEMENT INC with over 0.87 million shares valued at $0.97 million. The investor’s holdings represent 9.1124% of the FGI Shares outstanding. As of 2024-06-30, the second largest holder is PERRITT CAPITAL MANAGEMENT INC with 70000.0 shares valued at $78400.0 to account for 0.7332 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 24551.0 shares representing 0.2571% and valued at over $27497.0, while TOWER RESEARCH CAPITAL LLC (TRC) holds 0.0706 of the shares totaling 6741.0 with a market value of $7550.0.
FGI Industries Ltd (FGI) Insider Activity
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