XChange Tec.Inc. ADR (NASDAQ: XHG)’s stock price has increased by 139.87 compared to its previous closing price of 0.98. However, the company has seen a 277.64% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-24 that SHANGHAI, Sept. 24, 2024 /PRNewswire/ — XChange TEC.INC (NASDAQ: XHG) (the “Company”), today announced that on September 24, 2024, the Company entered into a Securities Purchase Agreement with VG Master Fund SPC (“VG”) pursuant to which the Company may from time to time sell VG up to $25.0 million of American Depositary Shares (“ADSs”) with each ADSs representing 600,000 of the Company’s Class A Ordinary Shares.
Is It Worth Investing in XChange Tec.Inc. ADR (NASDAQ: XHG) Right Now?
Additionally, the 36-month beta value for XHG is -0.82. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for XHG is 4.30M and currently, short sellers hold a 0.33% ratio of that float. The average trading volume of XHG on September 30, 2024 was 1.68M shares.
XHG’s Market Performance
XHG stock saw an increase of 277.64% in the past week, with a monthly gain of 168.91% and a quarterly increase of 201.09%. The volatility ratio for the week is 46.16%, and the volatility levels for the last 30 days are 20.06% for XChange Tec.Inc. ADR (XHG). The simple moving average for the last 20 days is 223.19% for XHG stock, with a simple moving average of 178.90% for the last 200 days.
XHG Trading at 153.23% from the 50-Day Moving Average
After a stumble in the market that brought XHG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.99% of loss for the given period.
Volatility was left at 20.06%, however, over the last 30 days, the volatility rate increased by 46.16%, as shares surge +278.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +135.85% upper at present.
During the last 5 trading sessions, XHG rose by +303.55%, which changed the moving average for the period of 200-days by +125.23% in comparison to the 20-day moving average, which settled at $0.8159. In addition, XChange Tec.Inc. ADR saw 16.97% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for XHG
The total capital return value is set at 0.04.
Based on XChange Tec.Inc. ADR (XHG), the company’s capital structure generated -0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -0.93. The debt to equity ratio resting at -0.07. The interest coverage ratio of the stock is -16.42.
Currently, EBITDA for the company is 3.65 million with net debt to EBITDA at 1.65.
Conclusion
In conclusion, XChange Tec.Inc. ADR (XHG) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
