In 2024, Will ExlService Holdings Inc (NASDAQ: EXLS) Be Bullish Or Bearish?

ExlService Holdings Inc (NASDAQ:EXLS) shares, rose in value on Friday, November 22, with the stock price up by 1.20% to the previous day’s close as strong demand from buyers drove the stock to $46.21.

Actively observing the price movement in the last trading, the stock closed the session at $45.66, falling within a range of $45.83 and $46.4. The value of beta (5-year monthly) was 0.992 whereas the PE ratio was 40.42 over 12-month period. Referring to stock’s 52-week performance, its high was $47.32, and the low was $27.95. On the whole, EXLS has fluctuated by 18.23% over the past month.

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With the market capitalization of ExlService Holdings Inc currently standing at about $7.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.83B, with a low estimate of 473.1M and a high estimate of 478.44M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 476.26M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EXLS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 2.49, with the price of EXLS currently trading nearly 5.12% and 13.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.60, while the 7-day volatility ratio is showing 1.76% which for the 30-day chart, stands at 2.26%. Furthermore, ExlService Holdings Inc (EXLS)’s beta value is 1.01, and its average true range (ATR) is 0.93.

A comparison of ExlService Holdings Inc (EXLS) with its peers suggests the former has fared considerably weaker in the market. EXLS showed an intraday change of 1.20% in last session, and over the past year, it grew by 64.10%%.

Data on historical trading for ExlService Holdings Inc (NASDAQ:EXLS) indicates that the trading volumes over the past 10 days have averaged 0.8 and over the past 3 months, they’ve averaged 887.32K. According to company’s latest data on outstanding shares, there are 165.28 million shares outstanding.

Nearly 3.50% of ExlService Holdings Inc’s shares belong to company insiders and institutional investors own 95.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.83 million shares as on 2024-10-31, resulting in a short ratio of 4.74. According to the data, the short interest in ExlService Holdings Inc (EXLS) stood at 331.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 4.3 million. The stock has risen by 49.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EXLS stock heading into the next quarter.

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