Exela Technologies, Inc. (NASDAQ:XELA) price closed lower on Tuesday, Jan 26, sinking -9.96% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $2.62, with intraday deals fluctuating between $2.2800 and $2.6000. The company’s 5Y monthly beta was ticking 2.1 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.45 and 52-week low of $0.26. The stock added 117.39% on its value in the past month.
On average, analysts have forecast the company’s revenue for the quarter will hit $325.7 Million, with the likely lows of $325.7 Million and highs of $325.7 Million. The average estimate suggests sales growth for the quarter will likely fall by -17.3% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.31 Billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to drop -16.2% below that which the company brought in 2020.
On the technical perspective front, indicators give XELA a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned XELA a recommendation rating as follows: None rate it as a Hold; 1 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the Exela Technologies, Inc. (XELA) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that XELA’s price is at present 18.06% off the SMA20 and 58.79% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.85, with weekly volatility standing at 16.75%. The indicator drops to 15.73% when calculated based on the past 30 days. Exela Technologies, Inc. (NASDAQ:XELA)’s beta value is holding at 2.1, while the average true range (ATR) indicator is currently reading 0.37. Considering analysts have assigned the stock a price target range of $4.65-$4.65 as the low and high respectively, we find the trailing 12-month average consensus price target to be $4.65. Based on this estimate, we see that today’s price at last check is roughly 97.03% off the estimated low and 97.03% off the forecast high. Investors will no doubt be excited to see the share price rise to $4.65, which is the median consensus price, and at that level XELA would be +97.03% from recent price.
Turning out attention to how the Exela Technologies, Inc. stock has performed in comparison to its peers in the industry, here’s what we find: XELA’s stock is -9.96% on the day and +117.07% in the past 12 months, while Spotify Technology S.A. (SPOT) traded +0.12% in the latest session and is positioned +127.52% up on its price 12 months ago. Another comparison is with Docusign Inc (DOCU) whose stock price is down -1.46% in the current trading session, and has flourished +229.47% over the past year. Also, Thomson Reuters Corp (TRI) is currently showing downtrend of -9.96% while its price kept floating at 117.07% over the past year. As for Exela Technologies, Inc., the P/E ratio stands at 0 lower than that of Spotify Technology S.A.’s at 0 and Docusign Inc’s 0. Elsewhere in the market, the S&P 500 Index has fell -0.08% in today’s early trading, with the Dow Jones Industrial also seeing a positive session so far with +0.05%.
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An analysis of the Exela Technologies, Inc. (NASDAQ:XELA) stock in terms of its daily trading volume indicates that the 3-month average is 10.94 Million. However, this figure increases on the past 10-day timeline to an average of 14.84 Million.
Curent records show that the company has 49.17 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 65.39% of outstanding shares while the percentage share held by institutions stands at 59.54%. The stats also highlight that short interest as of December 30, 2020, stood at 1.75 Million shares, which puts the short ratio at the time at 0.62. From this we can glean that short interest is 3.55% of company’s current outstanding shares. Notably, we see that shares short in December rose slightly given the previous month’s figure stood at 1.7 Million. But the +110.38% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
Even if you’re not actively in crypto, you deserve to know what’s actually going on.
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.