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FG Merger Corp. (FGMC)
4.82  -3.39 (-41.29%)    04-04 16:00
Open: 7.97
High: 8.68
Volume: 47,084
  
Pre. Close: 8.21
Low: 4.48
Market Cap: 49(M)
Technical analysis
2023-10-06 4:49:46 PM
Short term     
Mid term     
Targets 6-month :  10.91 1-year :  14.42
Resists First :  9.34 Second :  12.35
Pivot price 9.56
Supports First :  4.48 Second :  3.72
MAs MA(5) :  7.88 MA(20) :  9.83
MA(100) :  10.38 MA(250) :  10.26
MACD MACD :  -0.9 Signal :  -0.4
%K %D K(14,3) :  9.6 D(3) :  8.3
RSI RSI(14): 8.3
52-week High :  12.35 Low :  4.48
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ FGMC ] has closed below the lower bollinger band by 25.9%. If price is in a downtrend band; this downward trend might continue. However a short term pullback inside the band is likely. Bollinger Bands are 1613.5% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 6 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 8.35 - 8.4 8.4 - 8.44
Low: 4.41 - 4.45 4.45 - 4.47
Close: 4.77 - 4.83 4.83 - 4.87
Company Description

FG Merger Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business in the financial services industry in North America. The company was incorporated in 2020 and is based in Itasca, Illinois. FG Merger Corp. operates as a subsidiary of FG Merger Investors LLC.

Headline News

Thu, 31 Aug 2023
FG Financial Group, Inc. Merchant Banking Platform Company FG Merger Corp. Has Completed Business Combination ... - Yahoo Finance

Tue, 29 Aug 2023
Analyzing the Phenomenal Surge: iCoreConnect’s (OTCQB: ICCT) Explosive Growth After Merger - MicroCap Daily

Wed, 24 May 2023
SPAC FG Merger extends deadline for iCoreConnect closing (ICCT) (FGMC) - Seeking Alpha

Tue, 25 Apr 2023
FG Merger Corp (NASDAQ: FGMC) Grants Institutional-Styled Opportunity To The Retail Community - SEC.gov

Fri, 06 Jan 2023
iCoreConnect, a Cloud-Based SaaS Company Targeting the Healthcare Industry, Enters into Business Combination ... - Business Wire

Thu, 15 Dec 2022
Ballantyne Strong, Inc. Announces Planned Name Change to FG Group Holdings Inc. and Planned Completion of Its ... - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Shell Companies
Shares Out 10 (M)
Shares Float 156 (M)
Held by Insiders 0 (%)
Held by Institutions 0 (%)
Shares Short 4 (K)
Shares Short P.Month 5 (K)
Stock Financials
EPS -0.19
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -0.02
Profit Margin -97.7 %
Operating Margin -78.9 %
Return on Assets (ttm) -55.1 %
Return on Equity (ttm) 0 %
Qtrly Rev. Growth -7.7 %
Gross Profit (p.s.) 0
Sales Per Share 0.75
EBITDA (p.s.) -0.48
Qtrly Earnings Growth 0 %
Operating Cash Flow -2 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio -26.78
PEG Ratio 0
Price to Book value -241.01
Price to Sales 6.41
Price to Cash Flow -27.83
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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