FG Nexus Inc. (FGNX) Repurchases 9.9 Million Shares and Holds 37,594 ETH
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Newsfilter
- Buyback Program Update: As of January 20, 2026, FG Nexus has repurchased approximately 9.9 million shares of common stock at an average price of $3.24 per share, demonstrating the company's proactive approach to enhancing shareholder value under current market conditions.
- Preferred Stock Buyback: The company also repurchased about 53,000 shares of preferred stock at an average price of $24.16 per share, further strengthening its capital structure's flexibility and stability.
- ETH Holdings: As of the same date, the company holds 37,594 ETH, indicating its strategic positioning in the digital asset space aimed at enhancing asset yield through staking and yield strategies.
- Financial Overview: FG Nexus has total outstanding debt of $1.9 million, with 33.6 million shares of common stock and 0.8 million shares of preferred stock outstanding, and a net asset value of approximately $3.58 per share, reflecting the company's robustness in asset management and capital operations.
Analyst Views on FGNX
Wall Street analysts forecast FGNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FGNX is 8.50 USD with a low forecast of 5.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.010
Low
5.00
Averages
8.50
High
12.00
Current: 3.010
Low
5.00
Averages
8.50
High
12.00
About FGNX
FG Nexus Inc., formerly Fundamental Global Inc., and its subsidiaries engage in diverse business activities including merchant banking, and managed services. Under Merchant Banking segment, the Company manages its merchant banking and asset management activities through FG Management Solutions LLC. Merchant banking services include various strategic, administrative, and regulatory support services to newly formed SPACs. Under managed services segment, it operates Strong Technical Services, Inc., which provides comprehensive managed service offerings, including remote network operating center support, on-site field service, content delivery, installation and other services designed to support cinema and entertainment operators. The Company is also engaged in expanding its existing financial industry segments through its adoption of an Ethereum treasury, staking, and RWA tokenization strategy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
