The Vanguard Group, Inc. recently announced the acquisition of new stake in XpresSpa Group Inc. (NASDAQ:XSPA). This fresh investment now brings its stake to 0.66% valued currently at $1.44 million. In addition, BlackRock Fund Advisors raised its holdings by 0.33 million to 0.34 million shares.
With over 6.83 million XpresSpa Group Inc. (XSPA) shares trading Monday and a closing price of $2.31 on the day, the dollar volume was approximately $15.77 million. The shares have shown a negative weekly performance of -28.26% and its price on 08/31/20 lost nearly -8.33%. Currently, there are 56.78M common shares owned by the public and among those 56.75M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for XSPA have a consensus price objective of $54.00. The analysts have set the share’s price value over the next 12 months at a high of $54.00 and a low of $54.00 should the stock experience a downside. But an upside of 95.72% will see the stock hit the forecast high price target while mean target price for the stock is $54.00.
The top 3 mutual fund holders in XpresSpa Group Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and BlackRock Advantage Small Cap Cor. Vanguard Extended Market Index Fu owns 0.37 million shares of the company’s stock, all valued at over $1.44 million. Fidelity Extended Market Index Fu bought 0.13 million shares to see its total holdings expand to 0.13 million shares valued at over $0.5 million and representing 0.23% of the shares outstanding. BlackRock Advantage Small Cap Cor bought 0.11 million shares to bring its total holdings to over 0.11 million shares at a value of $0.43 million. BlackRock Advantage Small Cap Cor now owns shares totaling to 0.20% of the shares outstanding.
Shares of XpresSpa Group Inc. (NASDAQ: XSPA) opened at $2.505, down -$0.02 from a prior closing price of $2.52. However, the script later closed the day at $2.31, down -8.33%. The company’s stock has a 5-day price change of -28.26% and -14.34% over the past three months. XSPA shares are trading 14.09% year to date (YTD), with the 12-month market performance down to -47.26% lower. It has a 12-month low price of $0.15 and touched a high of $8.82 over the same period. Currently, 6.83 million shares have been traded, compared to an average intraday trading volume of 11.47 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -31.97%, -36.42%, and -7.23% respectively.
Institutional ownership of XpresSpa Group Inc. (NASDAQ: XSPA) shares accounts for 4.90% of the company’s 56.78M shares outstanding. Mutual fund holders own 1.18%, while other institutional holders and individual stakeholders account for 2.11% and — respectively.
It has a market capitalization of $134.28M and a beta (3y monthly) value of 2.62. The earnings-per-share (ttm) stands at -$13.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.70% over the week and 10.30% over the month.
Analysts forecast that XpresSpa Group Inc. (XSPA) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2019. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$25.2 a year ago. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 55.30% over the past 5-year period.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”