Is Exela Technologies Inc. (NASDAQ: XELA) Proving The Doubters Wrong?

DE Stock
DE Stock

After grabbing 1.58 million shares, the institutional investor is now in possession of 1.58 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.07% having worth around $0.81 million. Moreover, Goldman Sachs & Co. LLC (Private.. increased its share by 0.65 million to have a control over 0.81 million shares. And Squarepoint OPS LLC raised its holdings to 0.79 million shares by acquiring 0.79 million shares or 0.53% of the stake.

Exela Technologies Inc. (XELA) concluded trading on 08/26/20 at a closing price of $0.44, with 1.7 million shares of worth about $0.75 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -10.10% during that period and on Wednesday the price saw a loss of about -3.59%. Currently the company’s common shares owned by public are about 147.51M shares, out of which, 60.70M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the XELA stock and their offered price forecasts bring an average price target of $1.55. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.55 and could fall to a lowest price of $1.55. Analysts also issued an outlook of 2.00 for the Exela Technologies Inc. stock for next 12 months. However, touching the estimated high of $1.55 would mean a gain of 71.61% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 4,370,811 shares in 19 of the transactions. In 6 selling transactions, insiders dumped 105,906 shares.

Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Invesco FTSE RAFI US 1500 Small M are the top 3 mutual funds which are holding stakes in Exela Technologies Inc. Vanguard Total Stock Market Index is currently holding 1.21 million shares of worth totaling $0.62 million. The company recently came buying 0.0 shares which brought its stake up to 0.82% of the company’s outstanding shares. Invesco FTSE RAFI US 1500 Small M, after selling 0.44 million shares, have now control over 0.30% of the stake in the company. It holds 1786.0 shares of worth $0.22 million.

Exela Technologies Inc. (NASDAQ: XELA) started trading at $0.45, below $0.0 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.44, or with a loss of -3.59%. Stock saw a price change of -10.10% in past 5 days and over the past one month there was a price change of -34.63%. Year-to-date (YTD), XELA shares are showing a performance of 7.43% which decreased to -62.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.09 but also hit the highest price of $1.63 during that period. While comparing its average daily trading volume of 13.33 million shares, we see that about 1.7 million changed hands on the day. The stock is currently trading -14.33% below its 20-day simple moving average (SMA20), while that difference is down -14.69% for SMA50 and it goes to 20.23% higher than SMA200.

Arrowstreet Capital LP acquired 1.58 million shares of Exela Technologies Inc. having value of about $0.81 million. Exela Technologies Inc. (NASDAQ: XELA) currently have 147.51M outstanding shares and institutions hold larger chunk of about 62.50% of that. Holding of mutual funds in the company is about 2.67% while other institutional holders and individual stake holders have control over 29.05% and 15.65% of the stake respectively.

The stock has a current market capitalization of $67.15M and its 3Y-monthly beta is at 1.94. It has posted earnings per share of -$3.39 in the same period. It has Quick Ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XELA, volatility over the week remained 7.99% while standing at 9.24% over the month.

Analysts are in expectations that Exela Technologies Inc. (XELA) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is -$0.21 and it is -$0.48 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -199.60%.

Analysts at 1 brokerage firms have issued recommendations for the Exela Technologies Inc. (XELA)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 16, 2019 offering an Equal-weight rating for the stock and assigned a target price of to it. Coverage by Morgan Stanley stated Exela Technologies Inc. (XELA) stock as an Overweight in their note to investors on October 22, 2018, suggesting a price target of $9 for the stock.


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