FG Nexus Inc. (FGNX)Financial Services | Asset Management | Charlotte, United States | NasdaqGM
8.13 USD
+0.26
(3.304%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 7.98 -0.15 (-0.150%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:25 a.m. EDT
The investment case for FG Nexus is fundamentally broken. The company is hemorrhaging cash, reporting massive negative free cash flow and operating losses, while its equity value has collapsed nearly 90% over the last nine years. The balance sheet shows severe distress with negative returns on both assets and equity, and the recent reverse split is a classic hallmark of a failing company attempting to prop up a dying stock price. While the single analyst recommendation is a 'strong buy' at $10, this is likely a contrarian bet on a turnaround that the market has already priced out of existence given the deteriorating fundamentals. The options market confirms this pessimism, with traders buying deep puts to hedge against further declines rather than betting on a recovery. There is no margin of safety here; the business appears to be in terminal decline. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.201169 |
| AutoARIMA | 0.213123 |
| AutoETS | 0.213331 |
| AutoTheta | 0.242059 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 32% |
| H-stat | 6.23 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.106 |
| Excess Kurtosis | -0.81 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Debt to Equity Ratio | 2.807 |
| Revenue per Share | 0.427 |
| Market Cap | 41,427,944 |
| Forward P/E | -1.11 |
| Beta | 1.39 |
| Previous Name | Ballantyne Strong, Inc |
| Website | https://fgnexus.io |
As of Aug. 22, 2026, 4:25 a.m. EDT: Speculators are heavily positioned for downside protection, with significant open interest in deep out-of-the-money puts expiring in September and November compared to negligible call activity. This distribution suggests a consensus expectation of further price weakness rather than a rebound.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.87034595 |
| Address1 | 6,408 Bannington Road |
| All Time High | 1,273.75 |
| All Time Low | 4.175 |
| Ask | 9.19 |
| Ask Size | 2 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 115,920 |
| Average Daily Volume3 Month | 116,674 |
| Average Volume | 116,674 |
| Average Volume10Days | 115,920 |
| Beta | 1.386 |
| Bid | 5.41 |
| Bid Size | 2 |
| Book Value | 8.664 |
| City | Charlotte |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.13 |
| Current Ratio | 8.558 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 8.355 |
| Day Low | 7.81 |
| Debt To Equity | 2.807 |
| Display Name | FG Nexus |
| Ebitda | -65,037,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -0.52 |
| Enterprise To Revenue | 13.851 |
| Enterprise Value | 33,824,944 |
| Eps Current Year | -11.5 |
| Eps Forward | -7.35 |
| Eps Trailing Twelve Months | -8.55 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.3939 |
| Fifty Day Average Change | 1.7361002 |
| Fifty Day Average Change Percent | 0.27152446 |
| Fifty Two Week Change Percent | -87.03459 |
| Fifty Two Week High | 68.5 |
| Fifty Two Week High Change | -60.37 |
| Fifty Two Week High Change Percent | -0.88131386 |
| Fifty Two Week Low | 4.175 |
| Fifty Two Week Low Change | 3.955 |
| Fifty Two Week Low Change Percent | 0.9473053 |
| Fifty Two Week Range | 4.175 - 68.5 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,396,359,000,000 |
| Float Shares | 3,869,003 |
| Forward Eps | -7.35 |
| Forward P E | -1.1061225 |
| Free Cashflow | -171,295,008 |
| Full Exchange Name | NasdaqGM |
| Full Time Employees | 15 |
| Fullday Change | 0.26 |
| Fullday Change Percent | 3.30369 |
| Fullday Price | 7.98 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 2,442,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.25115 |
| Held Percent Institutions | 0.25195 |
| Implied Shares Outstanding | 5,095,688 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,770,940,800 |
| Last Split Factor | 1:5 |
| Long Business Summary | FG Nexus Inc. operates a digital asset treasury focused on Ethereum (ETH) and tokenization opportunities in the United States. It operates through two segments, Digital Assets and Merchant Banking. The company focuses on commercializing and expanding the tokenization of real-world assets, such as housing, reinsurance, real estate, and other asset classes. It also provides merchant banking services, including strategic, administrative, and regulatory support services to newly formed SPACs. In addition, the company engages in the manufactured housing communities; and casual restaurant platform businesses. Further, it holds real estate and equity holdings. The company was formerly known as Fundamental Global Inc. and changed its name to FG Nexus Inc. in September 2025. FG Nexus Inc. is based in Charlotte, North Carolina. |
| Long Name | FG Nexus Inc. |
| Market | us_market |
| Market Cap | 41,427,944 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_350660 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-28 |
| Net Income To Common | -78,350,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 39,989,430 |
| Number Of Analyst Opinions | 1 |
| Open | 7.82 |
| Operating Cashflow | -12,646,000 |
| Operating Margins | -8.86364 |
| Payout Ratio | 0.0 |
| Phone | 704 994 8279 |
| Post Market Change | -0.1500001 |
| Post Market Change Percent | -1.8450196 |
| Post Market Price | 7.98 |
| Post Market Time | 1,787,959,806 |
| Prev Name | Ballantyne Strong, Inc |
| Previous Close | 7.87 |
| Price Eps Current Year | -0.7069565 |
| Price Hint | 2 |
| Price To Book | 0.9383657 |
| Price To Sales Trailing12 Months | 16.96476 |
| Profit Margins | 0.0 |
| Quick Ratio | 8.558 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.0 |
| Region | US |
| Regular Market Change | 0.26 |
| Regular Market Change Percent | 3.30369 |
| Regular Market Day High | 8.355 |
| Regular Market Day Low | 7.81 |
| Regular Market Day Range | 7.81 - 8.355 |
| Regular Market Open | 7.82 |
| Regular Market Previous Close | 7.87 |
| Regular Market Price | 8.13 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 147,467 |
| Return On Assets | -0.50351 |
| Return On Equity | -1.15067 |
| Revenue Growth | 0.169 |
| Revenue Per Share | 0.427 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 5,095,688 |
| Shares Percent Shares Out | 0.0634 |
| Shares Short | 322,977 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 291,080 |
| Short Name | FG Nexus Inc. |
| Short Percent Of Float | 0.066599995 |
| Short Ratio | 2.73 |
| Source Interval | 15 |
| State | NC |
| Symbol | FGNX |
| Target High Price | 10.0 |
| Target Low Price | 10.0 |
| Target Mean Price | 10.0 |
| Target Median Price | 10.0 |
| Total Cash | 24,923,000 |
| Total Cash Per Share | 4.891 |
| Total Debt | 1,800,000 |
| Total Revenue | 2,442,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -8.55 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 9.024375 |
| Two Hundred Day Average Change | -0.89437485 |
| Two Hundred Day Average Change Percent | -0.09910657 |
| Type Disp | Equity |
| Volume | 147,467 |
| Website | https://fgnexus.io |
| Zip | 28,226 |