XChange Tec.Inc. ADR (NASDAQ:XHG) price on Friday, October 25, fall -1.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.19.
A look at the stock’s price movement, the close in the last trading session was $0.19, moving within a range at $0.1904 and $0.1998. The beta value (5-Year monthly) was -0.859. Turning to its 52-week performance, $15.39 and $0.18 were the 52-week high and 52-week low respectively. Overall, XHG moved -81.77% over the past month.
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XChange Tec.Inc. ADR’s market cap currently stands at around $0.82 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 3.13B for the company’s revenue for the quarter, with a low and high estimate of 3.13B and 3.13B respectively. The average forecast suggests up to a 1,657.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.13B, representing a 1,657.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that XHG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
XHG’s current price about -18.83% and -66.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.03, while 7-day volatility ratio is 8.26% and 70.64% in the 30-day chart. Further, XChange Tec.Inc. ADR (XHG) has a beta value of -0.85, and an average true range (ATR) of 0.11.
If we refocus on XChange Tec.Inc. ADR (NASDAQ:XHG), historical trading data shows that trading volumes averaged 4.85 over the past 10 days and 8.75 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.31 million shares.
The 0.27% of XChange Tec.Inc. ADR’s shares are in the hands of company insiders while institutional holders own 2.32% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.42 million on 2024-09-30, giving us a short ratio of 0.04. The data shows that as of 2024-09-30 short interest in XChange Tec.Inc. ADR (XHG) stood at 43.0 of shares outstanding, with shares short rising to 29492.0 registered in 2024-08-30. Current price change has pushed the stock -90.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XHG stock continues to rise going into the next quarter.
