Exela Technologies, Inc. (NASDAQ:XELA): What It’s Worth And What To Do About It

Exela Technologies, Inc. (NASDAQ:XELA)’s traded shares stood at 10,658,712 during the last session, with the company’s beta value hitting 1.84. At the close of trading, the stock’s price was $0.47, to imply a decline of -2.17% or -$0.01 in intraday trading. The XELA share’s 52-week high remains $0.87, putting it -85.11% down since that peak but still an impressive +81.7% since price per share fell to its 52-week low of $0.086. The company has a valuation of $69.77 Million, with an average of 7.17 Million shares in intraday trading volume over the past 10 days and average of 4.33 Million shares over the past 3 months.

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Analysts have given a consensus recommendation of Buy for Exela Technologies, Inc. (XELA), translating to a mean rating of 2. Of 1 analyst(s) looking at the stock, none analyst(s) give XELA a Sell rating. None of those analysts rate the stock as Overweight while no one advise Hold as 1 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.18.

After registering a -2.17% downside in the last session, Exela Technologies, Inc. (XELA) has traded green over the past five days. The stock hit a weekly high of $0.53 this Wednesday, Jan 06, jumping 10.75% in its intraday price action. The 5-day price performance for the stock is 13.13%, and 23.56% over 30 days. With these gigs, the year-to-date price performance is 13.89%. Short interest in Exela Technologies, Inc. (NASDAQ:XELA) saw shorts transact 4.88 Million shares and set a 1.13 days time to cover.

Analysts on Wall Street suggest a consensus price target of $1.55, implying an increase of 229.79% to the stock’s current value. The extremes give us $1.55 and $1.55 for target low and target high price respectively. As such, XELA has been trading 229.79% off suggested target high and 229.79% from its likely low.

Exela Technologies, Inc. (XELA) estimates and forecasts

Looking at statistics comparing Exela Technologies, Inc. share performance against respective industry, we note that the company has outperformed competitors. Exela Technologies, Inc. (XELA) shares are +1.72% up over the last 6 months, with its year-to-date growth rate higher than industry average at 49.69% against 13.3%. But the analysts are intensifying their growth estimates for the 2021 fiscal year. Revenue is forecast to grow 79.8% this quarter before jumping 93.2% for the next one. The rating firms project that comapny’s revenue will drop -16.2% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $325.7 Million. Meanwhile, for the quarter ending March 01, 2021, a total of 1 analyst(s) estimate revenue growth to $340.4 Million. Earnings reports from the last fiscal year show that sales brought in $393.6 Million and $365.45 Million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to dip -17.3% before falling -6.9% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings fell an estimated 0% for the past 5-year period. While 2021 is set for a -199.6% return in earnings, projections for the next 5 years are at 0% annually.

Exela Technologies, Inc. (NASDAQ:XELA)’s Major holders

Exela Technologies, Inc. insiders hold 65.39% of total outstanding shares, with institutional holders owning 59.54% of the shares at 172.06% float percentage. In total, 37 institutions holds shares in the company, led by Nantahala Capital Management, LLC. As of Sep 29, 2020, the company held over 15.18 Million shares (or 10.29% of shares), all amounting to roughly $5.84 Million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 1.44 Million shares, or about 0.98% of shares outstanding. As of the market price on Sep 29, 2020, these shares were worth $555.73 Thousand.

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We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Exela Technologies, Inc. (XELA) shares. Going by data provided on Sep 29,2020, Vanguard Total Stock Market Index Fund holds roughly 734,600 shares. This is just over 0.5% of the total shares, with a market valuation of $282.6 Thousand. Data from the same date shows that the other fund manager holds a little less at 684.05 Thousand, or 0.46% of the shares, all valued at about $263.15 Thousand.

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