In the latest trading session, 0.64 million FGI Industries Ltd (NASDAQ:FGI) shares changed hands as the company’s beta touched 1.26. With the company’s most recent per share price at $0.72 changing hands around $0.13 or 22.61% at last look, the market valuation stands at $6.94M. FGI’s current price is a discount, trading about -120.83% off its 52-week high of $1.59. The share price had its 52-week low at $0.55, which suggests the last value was 23.61% up since then. When we look at FGI Industries Ltd’s average trading volume, we note the 10-day average is 17990.0 shares, with the 3-month average coming to 9.00K.
FGI Industries Ltd (NASDAQ:FGI) trade information
Instantly FGI is in green as seen in intraday trades today. With action -4.27%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.66%, with the 5-day performance at -4.27% in the red. However, in the 30-day time frame, FGI Industries Ltd (NASDAQ:FGI) is -14.88% down. Looking at the short shares, we see there were 34115.0 shares sold at short interest cover period of 4.27 days.
FGI Industries Ltd (FGI) estimates and forecasts
Year-over-year growth is forecast to reach 6.97% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 33M. 2 analysts are of the opinion that FGI Industries Ltd’s revenue for the current quarter will be 33.46M. The company’s revenue for the corresponding quarters a year ago was 30.75M and 29.37M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.31%. The estimates for the next quarter sales put growth at 13.91%.
The 2025 estimates are for FGI Industries Ltd earnings to increase by 3.85%.
FGI Industries Ltd (NASDAQ:FGI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 72.54% of FGI Industries Ltd shares while 8.26% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.09%. There are 8.26% institutions holding the FGI Industries Ltd stock share, with FIRST WILSHIRE SECURITIES MANAGEMENT INC the top institutional holder. As of 2024-06-30, the company held 9.1124% of the shares, roughly 0.87 million FGI shares worth $0.97 million.
PERRITT CAPITAL MANAGEMENT INC holds the second largest percentage of outstanding shares, with 0.7332% or 70000.0 shares worth $78400.0 as of 2024-06-30.
With 24.55 shares estimated at $17185.0 under it, the former controlled 0.26% of total outstanding shares.
