The stock of Exela Technologies Inc. (NASDAQ:XELA) last traded at $0.23, down -10.77% from the previous session.
Data from the available sources indicates that Exela Technologies Inc. (NASDAQ:XELA) is covered by 2 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $2.00, we find $2.50. Given the previous closing price of $0.26, this indicates a potential upside of 861.54 percent. XELA stock price is now -44.47% away from the 50-day moving average and -95.12% away from the 200-day moving average. The market capitalization of the company currently stands at $10.05M.
In total, 1 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $2.50 as their price target over the next twelve months.
With the price target reduced from $3 to $0.55, B. Riley Securities Downgraded its rating from Buy to Neutral for Exela Technologies Inc. (NASDAQ: XELA). On August 31, 2021, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $4, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Murali Srinivasan, President, Americas and APAC bought 60,000 shares of the company’s stock on Dec 10. The stock was bought for $74,400 at an average price of $1.24. Upon completion of the transaction, the President, Americas and APAC now directly owns 98,937 shares in the company, valued at $22755.51. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10, Chief Financial Officer Sortur Shrikant bought 60,480 shares of the business’s stock. A total of $74,995 was incurred on buying the stock at an average price of $1.24. This leaves the insider owning 76,048 shares of the company worth $17491.04. Insiders disposed of 2,145,751 shares of company stock worth roughly $0.49 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in XELA stock. A new stake in Exela Technologies Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $205,000. GSA CAPITAL PARTNERS LLP invested $145,000 in shares of XELA during the first quarter. In the first quarter, GOLDMAN SACHS GROUP INC acquired a new stake in Exela Technologies Inc. valued at approximately $4,000. WOLVERINE TRADING, LLC acquired a new stake in XELA for approximately $3,000. In total, there are 56 active investors with 11.30% ownership of the company’s stock.
With an opening price of $0.2510 on Thursday morning, Exela Technologies Inc. (NASDAQ: XELA) set off the trading day. During the past 12 months, Exela Technologies Inc. has had a low of $0.17 and a high of $32.90. The fifty day moving average price for XELA is $0.4194 and a two-hundred day moving average price translates $4.7755 for the stock.
The latest earnings results from Exela Technologies Inc. (NASDAQ: XELA) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$3.22, missing analysts’ expectations of -$1.3 by -1.92. This compares to -$1.75 EPS in the same period last year. The net profit margin was -20.10% and return on equity was 34.10% for XELA. The company reported revenue of $264.04 million for the quarter, compared to $279.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.44 percent. For the current quarter, analysts expect XELA to generate $283.36M in revenue.
Exela Technologies Inc.(XELA) Company Profile
Exela Technologies, Inc. provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS). The ITPS segment provides lending solutions for mortgages and auto loans; banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination, enrollments, claims processing, and benefits administration communications; and public sector solutions for income tax processing, benefits administration, and records management. It also offers solutions for payment processing and reconciliation, integrated receivable and payables management, document logistics and location services, records management, and electronic storage of data/documents; and software, hardware, professional services, and maintenance related to information and transaction processing automation. The HS segment provides revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for healthcare payer and provider markets. The LLPS segment processes legal claims for class action and mass action settlement administrations, involving project management support, notification, and outreach to claimants; and collects, analyzes, and distributes settlement funds. It also offers data and analytical services in the areas of litigation consulting, economic and statistical analysis, expert witness services, and revenue recovery services for delinquent accounts receivable. The company is headquartered in Irving, Texas.