NASDAQ:FGI

FGI Industries (FGI) Stock Forecast, Price & News

$1.75

+0.01 (+0.29%)

(As of 12:31 PM ET)

Compare

Today's Range: $1.73
▼
$1.76
50-Day Range: $1.71
▼
$1.99
52-Week Range: $1.70
▼
$4.10

Volume: 1,526 shs
Average Volume: 11,250 shs
Market Capitalization: $16.63 million

P/E Ratio: 7.00
Dividend Yield: N/A
Price Target: $4.50

FGI Industries MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 157.1% Upside
$4.50 Price Target
Short Interest: Healthy
1.14% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Retail/Wholesale Sector

95th out of 209 stocks

Heating Equipment, Except Electric & Warm Air; & Plumbing Fixtures Industry

1st out of 2 stocks

3.5

Analyst's Opinion

Consensus Rating
FGI Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.50, FGI Industries has a forecasted upside of 157.1% from its current price of $1.75.
Amount of Analyst Coverage
FGI Industries has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.14% of the float of FGI Industries has been sold short.
Short Interest Ratio / Days to Cover
FGI Industries has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in FGI Industries has recently increased by 9.51%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
FGI Industries does not currently pay a dividend.
Dividend Growth
FGI Industries does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FGI.

N/A

News and Social Media Coverage

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, FGI Industries insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 7.22% of the stock of FGI Industries is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of FGI Industries is 7.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of FGI Industries is 7.00, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 36.48.
Price to Book Value per Share Ratio
FGI Industries has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About FGI Industries (NASDAQ:FGI) Stock

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through mass retail centers, wholesale and commercial distributors, online retailers, independent dealers, and distributors. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.

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FGI Stock News Headlines

May 12, 2023 | msn.com

Recap: FGI Industries Q1 Earnings

May 10, 2023 | seekingalpha.com

FGI Industries Non-GAAP EPS of -$0.02 misses by $0.06, revenue of $27.2M misses by $5.58M

June 9, 2023 | Edge On The Street (Ad)

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May 10, 2023 | finance.yahoo.com

FGI INDUSTRIES ANNOUNCES FIRST QUARTER 2023 RESULTS

May 10, 2023 | sg.finance.yahoo.com

FTSE 100 Live 10 May: ‘US inflation data is the main game in town’; shares dip; Asos plunges to £290m loss

May 9, 2023 | markets.businessinsider.com

What Wall Street expects from FGI Industries's earnings

May 9, 2023 | americanbankingnews.com

FGI Industries (FGI) Scheduled to Post Earnings on Wednesday

May 3, 2023 | marketwatch.com

Smart Clothing Market 2023 Standardization, Key Players, and Challenges: Research and Forecast till 2030

June 9, 2023 | PressReach (Ad)

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April 27, 2023 | marketwatch.com

Glass Fiber Reinforced (GFR) Plastic Tube Market Sales By 2030

April 27, 2023 | finance.yahoo.com

FGI INDUSTRIES ANNOUNCES FIRST QUARTER 2023 RESULTS CONFERENCE CALL DATE

April 9, 2023 | ca.finance.yahoo.com

FGI Industries Ltd. (FGI) Stock Historical Prices & Data - Yahoo Finance

April 1, 2023 | americanbankingnews.com

FGI Industries (NASDAQ:FGI) Price Target Cut to $4.00

April 1, 2023 | americanbankingnews.com

FGI Industries Ltd. (NASDAQ:FGI) Forecasted to Earn Q1 2023 Earnings of $0.03 Per Share

March 30, 2023 | finance.yahoo.com

FGI Industries Ltd. (NASDAQ:FGI) Q4 2022 Earnings Call Transcript

March 30, 2023 | marketwatch.com

Glass Fibre Reinforced Plastic (GFRP) Market by 2031

March 28, 2023 | uk.finance.yahoo.com

FTSE USA Index (WIUSA.FGI)

March 26, 2023 | markets.businessinsider.com

Here's what Wall Street expects from FGI Industries's earnings report

March 26, 2023 | americanbankingnews.com

FGI Industries (FGI) to Release Earnings on Monday

March 24, 2023 | msn.com

Earnings Outlook For FGI Industries

March 24, 2023 | uk.finance.yahoo.com

FTSE EPRA/NAREIT Europe Index (ENHU.FGI)

March 24, 2023 | msn.com

FGI Industries's Earnings: A Preview

March 22, 2023 | finance.yahoo.com

FTSE Nareit Equity REITs Index (FNRE.FGI)

March 21, 2023 | wsj.com

North Industries Group Red Arrow Co. Ltd. A

March 20, 2023 | marketwatch.com

Automotive Seals and Gaskets Market Share and Forecast till 2028

March 16, 2023 | marketwatch.com

Glass Fiber Reinforced (GFR) Plastic Tube Market Outlook and Forecast till 2028

March 14, 2023 | finance.yahoo.com

FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2022 RESULTS CONFERENCE CALL DATE

See More Headlines

FGI Price History

30 days | 90 days | 365 days | Advanced Chart

FGI Company Calendar

Last Earnings: 3/27/2023
Today: 6/09/2023
Next Earnings (Estimated): 8/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Heating equipment, except electric & warm air; & plumbing fixtures
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:FGI
CUSIP: N/A
CIK: 1864943
Web: www.fgi-industries.com
Phone: 973-428-0400
Fax: N/A
Employees: 136
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.50
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +160.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.25
Trailing P/E Ratio: 6.92
Forward P/E Ratio: 4.02
P/E Growth: N/A
Net Income: $3.68 million
Net Margins: 1.96%
Pretax Margin: 2.49%
Return on Equity: 14.55%
Return on Assets: 5.12%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.75
Quick Ratio: 1.29

Sales & Book Value

Annual Sales: $161.72 million
Price / Sales: 0.10
Cash Flow: $0.45 per share
Price / Cash Flow: 3.83
Book Value: $2.39 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 9,500,000
Free Float: N/A
Market Cap: $16.44 million
Optionable: Not Optionable
Beta: 1.47

Key Executives

Mr. John Chen (Age 44)
Exec. Chairman
Comp: $251.15k

Mr. David Bruce (Age 56)
CEO, Pres & Director
Comp: $346.84k

Mr. Perry Lin (Age 46)
Chief Financial Officer
Comp: $146.3k

Mr. Bob Kermelewicz (Age 59)
Exec. VP of FGI USA

Ms. Jennifer Earl (Age 47)
Exec. VP of FGI Canada

Mr. Norman Kroenke (Age 59)
Exec. VP of FGI Europe

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FGI Stock - Frequently Asked Questions

Should I buy or sell FGI Industries stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FGI Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FGI shares.
View FGI analyst ratings or view top-rated stocks.
What is FGI Industries' stock price forecast for 2023?: 1 brokerages have issued 12-month price objectives for FGI Industries' stock. Their FGI share price forecasts range from $4.00 to $5.00. On average, they expect the company's stock price to reach $4.50 in the next year. This suggests a possible upside of 160.1% from the stock's current price.
View analysts price targets for FGI or view top-rated stocks among Wall Street analysts.
How have FGI shares performed in 2023?: FGI Industries' stock was trading at $2.15 on January 1st, 2023. Since then, FGI shares have decreased by 19.5% and is now trading at $1.73.
View the best growth stocks for 2023 here.
Are investors shorting FGI Industries?: FGI Industries saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 28,800 shares, an increase of 9.5% from the April 30th total of 26,300 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.1% of the company's shares are short sold.
View FGI Industries' Short Interest.
When is FGI Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our FGI earnings forecast.
How were FGI Industries' earnings last quarter?: FGI Industries Ltd. (NASDAQ:FGI) issued its quarterly earnings data on Monday, March, 27th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $31.79 million for the quarter, compared to the consensus estimate of $36.10 million. FGI Industries had a net margin of 1.96% and a trailing twelve-month return on equity of 14.55%.
What guidance has FGI Industries issued on next quarter's earnings?: FGI Industries issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $145.00 million-$163.00 million, compared to the consensus revenue estimate of $152.42 million.

When did FGI Industries IPO?: (FGI) raised $18 million in an initial public offering (IPO) on Tuesday, January 25th 2022. The company issued 2,500,000 shares at a price of $6.00-$8.00 per share. The Benchmark Company and Northland Capital Markets acted as the underwriters for the IPO.
What is FGI Industries' stock symbol?: FGI Industries trades on the NASDAQ under the ticker symbol "FGI."
Who are FGI Industries' major shareholders?: FGI Industries' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include First Wilshire Securities Management Inc. (9.53%).
View institutional ownership trends.
How do I buy shares of FGI Industries?: Shares of FGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is FGI Industries' stock price today?: One share of FGI stock can currently be purchased for approximately $1.73.
How much money does FGI Industries make?: FGI Industries (NASDAQ:FGI) has a market capitalization of $16.44 million and generates $161.72 million in revenue each year. The company earns $3.68 million in net income (profit) each year or $0.25 on an earnings per share basis.
How many employees does FGI Industries have?: The company employs 136 workers across the globe.
How can I contact FGI Industries?: FGI Industries' mailing address is 906 MURRAY ROAD, EAST HANOVER NJ, 07869. The official website for the company is www.fgi-industries.com. The company can be reached via phone at 973-428-0400 or via email at investorrelations@fgi-industries.com.

This page (NASDAQ:FGI) was last updated on 6/9/2023 by MarketBeat.com Staff

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