Exela Technologies Inc. (NASDAQ:XELA) has a beta value of 1.83 and has seen 7.68 million shares traded in the recent trading session. The company, currently valued at $368.71M, closed the recent trade at $2.65 per share which meant it gained $0.06 on the day or 2.14% during that session. The XELA stock price is -195.09% off its 52-week high price of $7.82 and 62.64% above the 52-week low of $0.99. The 3-month trading volume is 72.68 million shares.
The consensus among analysts is that Exela Technologies Inc. (XELA) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Exela Technologies Inc. (NASDAQ:XELA) trade information
Sporting 2.14% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the XELA stock price touched $2.65 or saw a rise of 2.57%. Year-to-date, Exela Technologies Inc. shares have moved 107.88%, while the 5-day performance has seen it change 7.02%. Over the past 30 days, the shares of Exela Technologies Inc. (NASDAQ:XELA) have changed -14.24%.
Wall Street analysts have a consensus price target for the stock at $4.50, which means that the shares’ value could jump 41.11% from the levels at last check today. The projected low price target is $4.00 while the price target rests at a high of $5.00. In that case, then, we find that the latest price level in today’s session is -88.68% off the targeted high while a plunge would see the stock gain -50.94% from the levels at last check today.
Exela Technologies Inc. (XELA) estimates and forecasts
Figures show that Exela Technologies Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 56.97% over the past 6 months, with this year growth rate of 74.59%, compared to 9.50% for the industry. Revenue growth from the last financial year stood is estimated to be -17.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of $314.11 million for the current quarter. 1 have an estimated revenue figure of $300.06 million for the next quarter concluding in Mar 2021. Year-ago sales stood $393.6 million and $365.45 million respectively for this quarter and the next, and analysts expect sales will shrink by -20.20% for the current quarter and -17.90% for the next.
Exela Technologies Inc. is expected to release its next earnings report between November 08 and November 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Exela Technologies Inc. (NASDAQ:XELA)’s Major holders
Insiders own 22.26% of the company shares, while shares held by institutions stand at 23.69% with a share float percentage of 30.48%. Investors are also buoyed by the number of investors in a company, with Exela Technologies Inc. having a total of 49 institutions that hold shares in the company. The top two institutional holders are Monashee Investment Management LLC with over 3.0 million shares worth more than $7.17 million. As of Jun 29, 2021, Monashee Investment Management LLC held 2.08% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 1.66 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $3.98 million and represent 1.16% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2021, the former fund manager holds about 0.78% shares in the company for having 1.12 million shares of worth $2.68 million while later fund manager owns 0.49 million shares of worth $1.18 million as of Jun 29, 2021, which makes it owner of about 0.34% of company’s outstanding stock.