Exela Technologies Inc. (NASDAQ: XELA) is 73.37% higher on its value in year-to-date trading and has touched a low of $0.37 and a high of $7.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The XELA stock was last observed hovering at around $2.36 in the last trading session, with the day’s loss setting it -0.2% off its average median price target of $4.65 for the next 12 months. It is also 53.55% off the consensus price target high of $4.65 offered by 1 analysts, but current levels are 53.55% higher than the price target low of $4.65 for the same period.
Currently trading at $2.16, the stock is -22.70% and -18.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -8.47% at the moment leaves the stock 29.60% off its SMA200. XELA registered 310.26% gain for a year compared to 6-month gain of 94.54%. The firm has a 50-day simple moving average (SMA 50) of $2.6972 and a 200-day simple moving average (SMA200) of $1.7511.
The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 62.64%, and is -18.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.54% over the week and 21.82% over the month.
Exela Technologies Inc. (XELA) has around 19000 employees, a market worth around $133.36M and $1.29B in sales. Profit margin for the company is -13.90%. Distance from 52-week low is 479.71% and -72.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.20%).
Exela Technologies Inc. (XELA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Exela Technologies Inc. (XELA) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Exela Technologies Inc. is expected to release its quarterly report on 05/07/2021 and quarterly earnings per share for the current quarter are estimated at -$0.54 with sales reaching $314.11M over the same period.The EPS is expected to grow by 65.30% this year, but quarterly earnings will post -17.30% year-over-year. Quarterly sales are estimated to shrink -20.20% in year-over-year returns.
Exela Technologies Inc. (XELA) Top Institutional Holders
The shares outstanding are 49.17M, and float is at 48.75M with Short Float at 5.23%.
The top institutional shareholder in the company is Nantahala Capital Management, LLC with over 5.06 million shares valued at $6.3 million. The investor’s holdings represent 8.57% of the XELA Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 0.8 million shares valued at $1.0 million to account for 1.36% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.61 million shares representing 1.04% and valued at over $0.76 million, while Arrowstreet Capital, Limited Partnership holds 0.57% of the shares totaling 0.33 million with a market value of $0.42 million.
Exela Technologies Inc. (XELA) Insider Activity
A total of 3 insider transactions have happened at Exela Technologies Inc. (XELA) in the last six months, with sales accounting for 1 and purchases happening 2 times.