XChange Tec.Inc. ADR (XHG) Has A Bright Growth Prospects For 2024

XChange Tec.Inc. ADR (NASDAQ:XHG) has a beta value of -0.83 and has seen 0.68 million shares traded in the recent trading session. The company, currently valued at $4.09M, closed the recent trade at $0.95 per share which meant it gained $0.33 on the day or 53.32% during that session. The XHG stock price is -1541.05% off its 52-week high price of $15.59 and 61.05% above the 52-week low of $0.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 26100.0 shares traded. The 3-month trading volume is 1.13 million shares.

XChange Tec.Inc. ADR (NASDAQ:XHG) trade information

Sporting 53.32% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the XHG stock price touched $0.95 or saw a fall of -9.54%. Year-to-date, XChange Tec.Inc. ADR shares have moved -52.51%, while the 5-day performance has seen it change 44.70%. Over the past 30 days, the shares of XChange Tec.Inc. ADR (NASDAQ:XHG) have changed 7.93%. Short interest in the company has seen 29492.0 shares shorted with days to cover at 0.4.

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XChange Tec.Inc. ADR (XHG) estimates and forecasts

The company’s shares have gained 48.41% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1,657.80%.

1 analysts offering their estimates for the company have set an average revenue estimate of 3.13B for the current quarter. 1 have an estimated revenue figure of 3.13B for the next ending quarter. Year-ago sales stood 177.91M and 177.91M respectively for this quarter and the next, and analysts expect sales will grow by 1,657.80% for the current quarter and 1,657.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 85.56% over the past 5 years.

XHG Dividends

XChange Tec.Inc. ADR is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.