In last trading session, Exela Technologies, Inc. (NASDAQ:XELA) saw 2,963,343 shares changing hands with its beta currently measuring 2.42. Company’s recent per share price level of $0.4895 trading at $0 or -1.55% at recent trade assigns it a market valuation of $72.01 Million. That current price of XELA’s stock is at a discount of -553.73% from its 52-week high price of $3.2 and is indicating a premium of 82.43% from its 52-week low price of $0.086. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.72 Million shares which gives us an average trading volume of 9.41 Million if we extend that period to 3-months.
For Exela Technologies, Inc. (XELA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Exela Technologies, Inc. (NASDAQ:XELA) trade information
In the face of being in the red today for losing -0.78%, in the last five days XELA remained trading in the green while hitting it’s week-highest on Tuesday, Jun 16 when the stock touched $0.602 price level, adding 17.89% to its value on the day. Exela Technologies, Inc.’s shares saw a change of 21.24% in year-to-date performance and have moved 1.1% in past 5-day. Exela Technologies, Inc. (NASDAQ:XELA) showed a performance of 39.51% in past 30-days. Number of shares sold short was 7.13 Million shares which calculate 0.76 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $4 to the stock, which implies a rise of 717.16% to its current value. Analysts have been projecting $4 as a low price target for the stock while placing it at a high target of $4. It follows that stock’s current price would jump +717.16% in reaching the projected high whereas dropping to the targeted low would mean a loss of 717.16% for stock’s current value.
Exela Technologies, Inc. (XELA) estimates and forecasts
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $394.38 Million for the same. And 1 analysts are in estimates of company making revenue of $388.28 Million in the next quarter that will end in June 01, 2020. Company posted $403.76 Million and $390.16 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -2.3% while estimating it to be -0.5% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -199.6% while estimates for its earnings growth in next 5 years are of 0%
Exela Technologies, Inc. (NASDAQ:XELA)’s Major holders
Insiders are in possession of 14.47% of company’s total shares while institution are holding 76.14% percent of that, with stock having share float percentage of 89.02%. Investors also watch the number of corporate investors in a company very closely, which is 75 institutions for Exela Technologies, Inc. that are currently holding shares of the company. Nantahala Capital Management, LLC is the top institutional holder at XELA for having 27.78 Million shares of worth $5.69 Million. And as of March 30, 2020, it was holding 18.83% of the company’s outstanding shares.
The second largest institutional holder is Greenlight Capital, Inc., which was holding about 7.52 Million shares on March 30, 2020. The number of shares represents firm’s hold over 5.1% of outstanding shares, having a total worth of $1.54 Million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 1212328 shares of worth $248.53 Thousand or 0.82% of the total outstanding shares. The later fund manager was in possession of 1.02 Million shares on March 30, 2020, making its stake of worth around $208.69 Thousand in the company or a holder of 0.69% of company’s stock.