FGI Industries (FGI) Stock Price, News & Analysis

Company Overview

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. 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 home center retailers, online retailers, distributors, and independent dealers. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.

Key Stats

• Today's Range: $0.78 to $0.82
• 50-Day Range: $0.72 to $1.04
• 52-Week Range: $0.70 to $1.85
• Volume: 2,711 shs
• Average Volume: 142,608 shs
• Market Capitalization: $7.84 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

FGI Industries Stock Analysis - MarketRank™

FGI Industries scored higher than 13% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for FGI Industries.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for FGI Industries are expected to grow in the coming year, from ($0.08) to $0.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FGI Industries is -27.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of FGI Industries is -27.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

FGI Industries has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.86% 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 2.7, 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 136.13%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

FGI Industries does not currently pay a dividend.

Dividend Growth

FGI Industries does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.86% 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 2.7, 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 136.13%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.21

News Sentiment

FGI Industries has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for FGI Industries this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for FGI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, FGI Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.70% of the stock of FGI Industries is held by insiders.

FGI Stock Analysis - Frequently Asked Questions

How have FGI shares performed this year?

FGI Industries' stock was trading at $1.64 at the beginning of 2024. Since then, FGI shares have decreased by 50.0% and is now trading at $0.82.
View the best growth stocks for 2024 here.

How were FGI Industries' earnings last quarter?

FGI Industries Ltd. (NASDAQ:FGI) issued its quarterly earnings results on Monday, November, 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $36.10 million for the quarter, compared to the consensus estimate of $30.80 million. FGI Industries had a negative net margin of 0.27% and a positive trailing twelve-month return on equity of 0.35%.

When did FGI Industries IPO?

FGI Industries (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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of FGI Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FGI Industries investors own include NVIDIA (NVDA), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET), Jabil (JBL), AppLovin (APP) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 11/11/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/19/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Heating equipment, except electric & warm air; & plumbing fixtures
• Sub-Industry: Construction Materials
• Current Symbol: NASDAQ:FGI
• CUSIP: N/A
• CIK: 1864943
• Web: www.fgi-industries.com
• Phone: 973-428-0400
• Fax: N/A
• Employees: 140
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.03)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $730,000.00
• Net Margins: -0.27%
• Pretax Margin: -0.32%
• Return on Equity: 0.35%
• Return on Assets: 0.12%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.32
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $127.18 million
• Price / Sales: 0.06
• Cash Flow: $0.33 per share
• Price / Cash Flow: 2.51
• Book Value: $2.53 per share
• Price / Book: 0.32

Miscellaneous

• Outstanding Shares: 9,564,000
• Free Float: 9,210,000
• Market Cap: $7.84 million
• Optionable: Not Optionable
• Beta: 1.32