In the last trading session, 0.12 million Xcel Brands Inc (NASDAQ:XELB) shares changed hands as the company’s beta touched 1.38. With the company’s per share price at $0.33 changed hands at -$0.01 or -2.32% during last session, the market valuation stood at $7.84M. XELB’s last price was a discount, traded about -415.15% off its 52-week high of $1.70. When we look at Xcel Brands Inc’s average trading volume, we note the 10-day average is 0.15 million shares, with the 3-month average coming to 37.55K.
Analysts gave the Xcel Brands Inc (XELB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended XELB as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Xcel Brands Inc’s EPS for the current quarter is expected to be -0.07.
Xcel Brands Inc (NASDAQ:XELB) trade information
Instantly XELB was in red as seen at the end of in last trading. With action -37.47%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -74.29%, with the 5-day performance at -37.47% in the red. However, in the 30-day time frame, Xcel Brands Inc (NASDAQ:XELB) is -52.29% down. Looking at the short shares, we see there were 90568.0 shares sold at short interest cover period of 5.96 days.
Xcel Brands Inc (XELB) estimates and forecasts
Data shows that the Xcel Brands Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.73% over the past 6 months, a 54.84% in annual growth rate that is considerably higher than the industry average of 8.20%. Year-over-year growth is forecast to reach -48.21% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 2.15M. 1 analysts are of the opinion that Xcel Brands Inc’s revenue for the current quarter will be 2.73M. The company’s revenue for the corresponding quarters a year ago was 2.29M and 2.18M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.17%. The estimates for the next quarter sales put growth at 25.00%.
The 2024 estimates are for Xcel Brands Inc earnings to increase by 62.90%, but the outlook for the next 5-year period is at 25.00% per year.
XELB Dividends
Xcel Brands Inc is expected to release its next quarterly earnings report in January.
Xcel Brands Inc (NASDAQ:XELB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 40.97% of Xcel Brands Inc shares while 26.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.91%. There are 26.51% institutions holding the Xcel Brands Inc stock share, with SUMMIT TRAIL ADVISORS, LLC the top institutional holder. As of 2024-06-30, the company held 11.0066% of the shares, roughly 2.24 million XELB shares worth $1.32 million.
AWM INVESTMENT COMPANY, INC. holds the second largest percentage of outstanding shares, with 3.7754% or 0.77 million shares worth $0.45 million as of 2024-06-30.
