XPEL Inc (NASDAQ: XPEL)’s Stock Is Down -40.02% Since The Beginning Of The Year, Likely To Sustain The Trend In 2024

During the last session, XPEL Inc (NASDAQ:XPEL)’s traded shares were 0.55 million, with the beta value of the company hitting 1.78. At the end of the trading day, the stock’s price was $44.47, reflecting an intraday loss of -5.16% or -$2.42. The 52-week high for the XPEL share is $86.67, that puts it down -94.9 from that peak though still a striking 30.85% gain since the share price plummeted to a 52-week low of $30.75. The company’s market capitalization is $1.23B, and the average intraday trading volume over the past 10 days was 0.35 million shares, and the average trade volume was 244.26K shares over the past three months.

XPEL Inc (XPEL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. XPEL has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 0.51.

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XPEL Inc (NASDAQ:XPEL) trade information

XPEL Inc (XPEL) registered a -5.16% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -5.16% in intraday trading to $44.47, hitting a weekly high. The stock’s 5-day price performance is 25.20%, and it has moved by 27.86% in 30 days. Based on these gigs, the overall price performance for the year is -40.02%. The short interest in XPEL Inc (NASDAQ:XPEL) is 2.34 million shares and it means that shorts have 10.17 day(s) to cover.

The consensus price target of analysts on Wall Street is $58, which implies an increase of 23.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $58 and $58 respectively. As a result, XPEL is trading at a discount of -30.43% off the target high and -30.43% off the low.

XPEL Inc (XPEL) estimates and forecasts

Statistics show that XPEL Inc has underperformed its competitors in share price, compared to the industry in which it operates. XPEL Inc (XPEL) shares have gone down -15.50% during the last six months, with a year-to-date growth rate less than the industry average at -16.23% against 6.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 4.10% this quarter and then jump 4.70% in the quarter after that. In the rating firms’ projections, revenue will increase 4.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 111.03M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 107.65M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 102.68M and 105.54M respectively. In this case, analysts expect current quarter sales to grow by 8.10% and then jump by 2.00% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 43.36%. While earnings are projected to return -8.64% in 2024.

XPEL Dividends

XPEL Inc is due to release its next quarterly earnings 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

XPEL Inc (NASDAQ:XPEL)’s Major holders

XPEL Inc insiders own 22.45% of total outstanding shares while institutional holders control 72.40%, with the float percentage being 93.36%. WASATCH ADVISORS LP is the largest shareholder of the company, while 254.0 institutions own stock in it. As of 2024-03-31, the company held over 3.68 million shares (or 13.3171% of all shares), a total value of $198.76 million in shares.

The next largest institutional holding, with 3.54 million shares, is of BLACKROCK INC.’s that is approximately 12.8095% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $191.18 million.

Also, the Mutual Funds coming in first place with the largest holdings of XPEL Inc (XPEL) shares are iShares Core S&P Smallcap ETF and Smallcap World Fund . Data provided on Jun 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 1.38 shares. This amounts to just over 4.99 percent of the company’s overall shares, with a $61.31 million market value. The same data shows that the other fund manager holds slightly less at 1.28, or about 4.61% of the stock, which is worth about $56.71 million.