During the recent session, XL Fleet Corp. (NYSE:XL)’s traded shares were 0.69 million. At the last check today, the stock’s price was $1.50, reflecting an intraday gain of 11.48% or $0.15. The 52-week high for the XL share is $7.45, that puts it down -396.67 from that peak though still a striking 28.67% gain since the share price plummeted to a 52-week low of $1.07. The company’s market capitalization is $193.39M, and the average intraday trading volume over the past 10 days was 0.66 million shares, and the average trade volume was 1.81 million shares over the past three months.
XL Fleet Corp. (XL) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. XL has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 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 -$0.17.
XL Fleet Corp. (NYSE:XL) trade information
XL Fleet Corp. (XL) registered a 11.48% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.48% in intraday trading to $1.50 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 8.87%, and it has moved by 15.38% in 30 days. Based on these gigs, the overall price performance for the year is -79.70%. The short interest in XL Fleet Corp. (NYSE:XL) is 4.91 million shares and it means that shorts have 2.26 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.00, which implies an increase of 75.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $6.00 respectively. As a result, XL is trading at a discount of -300.0% off the target high and -300.0% off the low.
XL Fleet Corp. (XL) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -112.50% this quarter and then drop -220.00% in the quarter after that. In the rating firms’ projections, revenue will increase 48.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $5.7 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $5.8 million by the end of Sep 2022.
While earnings are projected to return 127.00% in 2022.
XL Fleet Corp. is due to release its next quarterly earnings on August 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
XL Fleet Corp. (NYSE:XL)’s Major holders
XL Fleet Corp. insiders own 34.45% of total outstanding shares while institutional holders control 30.13%, with the float percentage being 45.96%. Blackrock Inc. is the largest shareholder of the company, while 161 institutions own stock in it. As of Mar 30, 2022, the company held over 7.49 million shares (or 5.27% of all shares), a total value of $11.01 million in shares.
The next largest institutional holding, with 7.24 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 5.09% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $10.64 million.
Also, the Mutual Funds coming in first place with the largest holdings of XL Fleet Corp. (XL) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 2.84 million shares. This amounts to just over 2.00 percent of the company’s overall shares, with a $4.17 million market value. The same data shows that the other fund manager holds slightly less at 2.48 million, or about 1.75% of the stock, which is worth about $3.65 million.