XChange Tec.Inc. ADR (NASDAQ:XHG) traded at $1.00 at last check on current trade day and made a downward move of -16.67% on its previous day’s price.
Looking at the stock we see that its previous close was $1.20 and the beta (5Y monthly) reads -0.834 with the day’s price range being $0.9436 – $1.22. In terms of its 52-week price range, XHG has a high of $15.59 and a low of $0.37. The company’s stock has gained about 16.01% over that past 30 days.
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XChange Tec.Inc. ADR has a market cap of $4.31 million and is expected to release its quarterly earnings report in October.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.13B, with a low of 3.13B and a high of 3.13B. The median projection represents growth squeezing down to 1,657.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.13B, or 1,657.80% up from figures reported last year.
On the other hand, looking at the outlook for the XHG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 41.84% off its SMA20 and 7.80% from its 50-day simple moving average. The RSI (14) is pointing at 60.23 while the volatility over the past week is 37.22% and jumps to 17.74% over the past one month. The beta value is -0.82, while the average true range (ATR) is currently pointing at 0.14.
Coming back to XChange Tec.Inc. ADR (NASDAQ:XHG), we note that the average 3-month trading volume was 1.60 million, while that of the preceding 10-day period stands at 2.97 million. Current shares outstanding are 4.31 million.
The insiders hold 0.27% of the company’s shares while institutions hold 2.32%. The data shows that short shares as of 2024-08-30, stood at 29492.0 at a short ratio of 0.4. This represents a 3.00 short interest in shares outstanding on 2024-08-30. Shares short fall in August from the previous month at 0.13 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -50.00% down in year-to-date price movement.
