Exela Technologies Inc (NASDAQ: XELA)’s stock price has plunge by -40.93relation to previous closing price of 1.98. Nevertheless, the company has seen a -39.08% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-26 that IRVING, Texas, Aug. 26, 2024 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation leader, will host a conference call with the financial community to discuss the Company’s financial results for the second quarter 2024 at 4:30 p.m. ET on August 28, 2024.
Is It Worth Investing in Exela Technologies Inc (NASDAQ: XELA) Right Now?
The 36-month beta value for XELA is at 1.95. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for XELA is 6.31M, and currently, shorts hold a 12.36% of that float. The average trading volume for XELA on November 07, 2024 was 54.29K shares.
XELA’s Market Performance
The stock of Exela Technologies Inc (XELA) has seen a -39.08% decrease in the past week, with a -42.38% drop in the past month, and a -43.50% fall in the past quarter. The volatility ratio for the week is 3.99%, and the volatility levels for the past 30 days are at 3.89% for XELA. The simple moving average for the last 20 days is -39.88% for XELA stock, with a simple moving average of -48.15% for the last 200 days.
Analysts’ Opinion of XELA
Many brokerage firms have already submitted their reports for XELA stocks, with B. Riley Securities repeating the rating for XELA by listing it as a “Neutral.” The predicted price for XELA in the upcoming period, according to B. Riley Securities is $0.55 based on the research report published on March 23, 2022 of the previous year 2022.
B. Riley Securities, on the other hand, stated in their research note that they expect to see XELA reach a price target of $4. The rating they have provided for XELA stocks is “Buy” according to the report published on August 31st, 2021.
XELA Trading at -41.48% from the 50-Day Moving Average
After a stumble in the market that brought XELA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.06% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -39.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.92% lower at present.
During the last 5 trading sessions, XELA fell by -37.78%, which changed the moving average for the period of 200-days by -50.84% in comparison to the 20-day moving average, which settled at $1.9467. In addition, Exela Technologies Inc saw -65.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for XELA
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.18 for the gross margin
The net margin for Exela Technologies Inc stands at -0.1. The total capital return value is set at -0.08.
Based on Exela Technologies Inc (XELA), the company’s capital structure generated 5.99 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at -1.2. The interest coverage ratio of the stock is -0.2.
Currently, EBITDA for the company is 80.18 million with net debt to EBITDA at 43.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 13.12for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.38.
Conclusion
In conclusion, Exela Technologies Inc (XELA) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
