The trading price of XChange Tec.Inc. ADR (NASDAQ:XHG) closed lower on current market day and closing at $0.19, -18.73% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.186 and $0.227. In examining the 52-week price action we see that the stock hit a 52-week high of $15.59 and a 52-week low of $0.22. Over the past month, the stock has lost -71.11% in value.
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XChange Tec.Inc. ADR, whose market valuation is $0.82 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 3.13B for the current quarter, with the likely lows of 3.13B and highs of 3.13B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.13B.
On the technical side, indicators suggest XHG has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that XHG’s price is currently -67.91% off the SMA20 and -76.48% off the SMA50. The RSI metric on the 14-day chart is currently showing 33.11, and weekly volatility stands at 23.54%. When measured over the past 30 days, the indicator reaches 73.28%. XChange Tec.Inc. ADR (NASDAQ:XHG)’s beta value is currently sitting at -0.84, while the Average True Range indicator is currently displaying 0.24.
To see how XChange Tec.Inc. ADR stock has been performing in comparison to its peers in the industry, here are the numbers: XHG stock’s performance was -18.73% in the latest trading, and -98.25% in the past year.
An evaluation of the daily trading volume of XChange Tec.Inc. ADR (NASDAQ:XHG) indicates that the 3-month average is 4.59 million. However, this figure has increased over the past 10 days to an average of 26.31.
Currently, records show that 4.31 million of the company’s shares remain outstanding. The insiders hold 0.27% of outstanding shares, whereas institutions hold 2.32%. The stats also highlight that short interest as of 2024-09-13, stood at 14242.0 shares, resulting in a short ratio of 0.3 at that time. From this, we can conclude that short interest is 1.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 79443.0. However, since the stock’s price has seen -90.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
