Exela Technologies Inc. (NASDAQ: XELA) Has Dropped -97.73% So Far This Year. Does That Mean Trouble Ahead? – Marketing Sentinel
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Exela Technologies Inc. (NASDAQ: XELA) Has Dropped -97.73% So Far This Year. Does That Mean Trouble Ahead?

During the last session, Exela Technologies Inc. (NASDAQ:XELA)’s traded shares were 25.51 million, with the beta value of the company hitting 1.77. At the end of the trading day, the stock’s price was $1.46, reflecting an intraday gain of 15.87% or $0.2. The 52-week high for the XELA share is $70.80, that puts it down -4749.32 from that peak though still a striking 14.38% gain since the share price plummeted to a 52-week low of $1.25. The company’s market capitalization is $35.48M, and the average intraday trading volume over the past 10 days was 19.07 million shares, and the average trade volume was 8.40 million shares over the past three months.

Exela Technologies Inc. (XELA) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.50. XELA has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.06.

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Exela Technologies Inc. (NASDAQ:XELA) trade information

Exela Technologies Inc. (XELA) registered a 15.87% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 15.87% in intraday trading to $1.46 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is -6.41%, and it has moved by -34.47% in 30 days. Based on these gigs, the overall price performance for the year is -97.73%. The short interest in Exela Technologies Inc. (NASDAQ:XELA) is 2.56 million shares and it means that shorts have 0.28 day(s) to cover.

The consensus price target of analysts on Wall Street is $33.50, which implies an increase of 95.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.00 and $60.00 respectively. As a result, XELA is trading at a discount of -4009.59% off the target high and -379.45% off the low.

Exela Technologies Inc. (XELA) estimates and forecasts

Statistics show that Exela Technologies Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Exela Technologies Inc. (XELA) shares have gone down -91.51% during the last six months, with a year-to-date growth rate more than the industry average at 78.69% against 12.60. In the rating firms’ projections, revenue will decrease -0.60% compared to the previous financial year.

Revenue for the current quarter is expected to be $290.98 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $285.25 million by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.60%. While earnings are projected to return 66.70% in 2022.

XELA Dividends

Exela Technologies Inc. is due to release its next quarterly earnings between March 14 and March 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Exela Technologies Inc. (NASDAQ:XELA)’s Major holders

Exela Technologies Inc. insiders own 0.42% of total outstanding shares while institutional holders control 20.29%, with the float percentage being 20.38%. B. Riley Financial, Inc. is the largest shareholder of the company, while 59 institutions own stock in it. As of Mar 30, 2022, the company held over 1.77 million shares (or 0.40% of all shares), a total value of $14.74 million in shares.

The next largest institutional holding, with 0.6 million shares, is of B. Riley Asset Management, Llc’s that is approximately 0.14% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $5.0 million.

Also, the Mutual Funds coming in first place with the largest holdings of Exela Technologies Inc. (XELA) shares are Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Extended Market Index Fund owns about 0.26 million shares. This amounts to just over 0.06 percent of the company’s overall shares, with a $2.17 million market value. The same data shows that the other fund manager holds slightly less at 0.23 million, or about 0.05% of the stock, which is worth about $1.93 million.

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