Exela Technologies Inc [XELA] stock is trading at $3.07, up 0.66%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The XELA shares have gain 38.91% over the last week, with a monthly amount glided 38.29%, and seem to be holding up well over a long-time horizon.
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On 26, January 2024, Exela Technologies Announces Adjournment of Annual Meeting until June 13, 2024. In a post published today on Yahoo Finance, Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA; XELAP), a business process automation leader, today announced that it adjourned the Annual Meeting of Stockholders held on January 26, 2024 (the “Meeting”). The Meeting will reconvene on June 13, 2024 at 11:00 AM ET/10:00 a.m. Central Time. Due to lack of required quorum, the Meeting was adjourned, without any business being conducted, to allow additional time for the Company’s stockholders to vote on the proposals set forth in the Company’s definitive proxy statement, as amended, filed with the U.S. Securities and Exchange Commission. The new date will provide additional time for shareholders to have their voices heard. The Meeting will be held online at www.virtualshareholdermeeting.com/XELA2023.
From an analyst’s perspective:
Exela Technologies Inc [NASDAQ: XELA] stock has seen the most recent analyst activity on March 23, 2022, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $0.55 from $3. Previously, B. Riley Securities started tracking the stock with Buy rating on August 31, 2021, and set its price target to $4. On January 16, 2019, downgrade downgraded it’s rating to Equal-Weight. Morgan Stanley started tracking the stock assigning a Overweight rating and suggested a price target of $9 on October 22, 2018.
Exela Technologies Inc [XELA] stock has fluctuated between $1.83 and $11.90 over the past year. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Exela Technologies Inc [NASDAQ: XELA] shares were valued at $3.07 at the most recent close of the market. An investor can expect a potential return of 2180.13% based on the average XELA price forecast.
Analyzing the XELA fundamentals
Exela Technologies Inc [NASDAQ:XELA] reported sales of 1.07B for the trailing twelve months, which represents a drop of -4.13%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is 0.36 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.89 points at the first support level, and at 2.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.42, and for the 2nd resistance point, it is at 3.76.
Exela Technologies Inc [XELA] reported earnings per share of -$0.91 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.58/share, meaning a difference of $-0.33 and a surprise factor of -56.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were -$3.22 per share as compared to estimates of -$1.3 per share, a difference of $-1.92 representing a surprise of -147.70%.
Ratios To Look Out For
For context, Exela Technologies Inc’s Current Ratio is 0.47. Also, the Quick Ratio is 0.44, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.02.
