Exela Technologies Inc. (NASDAQ:XELA) shares traded -1.77% lower at $0.06 on Wall Street last session.
In accordance with the data, 1 analysts cover Exela Technologies Inc. (NASDAQ:XELA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $2.00, we find $2.00. Given the previous closing price of $0.06, this indicates a potential upside of 3233.33 percent. XELA stock price is now -48.48% away from the 50-day moving average and -96.78% away from the 200-day moving average. The market capitalization of the company currently stands at $8.24M.
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It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $2.00 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’.
Insiders disposed of 2,145,751 shares of company stock worth roughly $0.13 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 $54,000. GSA CAPITAL PARTNERS LLP invested $38,000 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 $1,000. FIRST AFFIRMATIVE FINANCIAL NETWORK acquired a new stake in XELA for approximately $1,000. WOLVERINE TRADING, LLC purchased a new stake in XELA valued at around $1,000 in the second quarter. In total, there are 56 active investors with 9.40% ownership of the company’s stock.
Exela Technologies Inc. (NASDAQ: XELA) opened at $0.0600 on Tuesday. During the past 12 months, Exela Technologies Inc. has had a low of $0.06 and a high of $19.11. The fifty day moving average price for XELA is $0.1182 and a two-hundred day moving average price translates $1.8933 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 -27.00% and return on equity was 46.70% 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.
