Sunday, March 7, 2021

Wall Street Analyst Initiated XL Fleet Corp. [XL]. What else is Wall St. saying

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XL Fleet Corp. [NYSE: XL] price plunged by -6.31 percent to reach at -$1.22. The company report on February 19, 2021 that XL Fleet Reminds Investors of Redemption of Public Warrants.

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Approximately 3 million Public Warrants remain unexercised as of February 16, 2021.


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Investors are encouraged to exercise outstanding Public Warrants by March 1, 2021 deadline.

A sum of 6110419 shares traded at recent session while its average daily volume was at 10.22M shares. XL Fleet Corp. shares reached a high of $19.18 and dropped to a low of $18.07 until finishing in the latest session at $18.10.

Guru’s Opinion on XL Fleet Corp. [XL]:

Canaccord Genuity have made an estimate for XL Fleet Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 29, 2021. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on January 22, 2021, representing the official price target for XL Fleet Corp. stock.

The Average True Range (ATR) for XL Fleet Corp. is set at 1.58, with the Price to Sales ratio for XL stock in the period of the last 12 months amounting to 243.79.

XL Stock Performance Analysis:

XL Fleet Corp. [XL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.68. With this latest performance, XL shares dropped by -8.45% in over the last four-week period, additionally plugging by 80.46% over the last 6 months – not to mention a rise of 80.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XL stock in for the last two-week period is set at 41.84, with the RSI for the last a single of trading hit 34.56, and the three-weeks RSI is set at 46.03 for XL Fleet Corp. [XL]. The present Moving Average for the last 50 days of trading for this stock 20.02, while it was recorded at 19.49 for the last single week of trading, and 12.90 for the last 200 days.

Insight into XL Fleet Corp. Fundamentals:

XL Stock EPS

With the latest financial reports released by the company, XL Fleet Corp. posted -4/share EPS, while the average EPS was predicted by analysts to be reported at -3.91/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for XL Fleet Corp. go to 21.90%.

XL Fleet Corp. [XL] Insider Position Details

There are presently around $246 million, or 8.66% of XL stock, in the hands of institutional investors. The top three institutional holders of XL stocks are: D. E. SHAW & CO., INC. with ownership of 3,000,000, which is approximately 1734.616% of the company’s market cap and around 24.77% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 1,716,000 shares of the stock with an approximate value of $31.06 million in XL stocks shares; and ENCOMPASS CAPITAL ADVISORS LLC, currently with $27.15 million in XL stock with ownership of nearly New of the company’s market capitalization.

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57 institutional holders increased their position in XL Fleet Corp. [NYSE:XL] by around 13,159,616 shares. Additionally, 42 investors decreased positions by around 10,004,152 shares, while 0 investors held positions by with 9,545,180 shares. The mentioned changes placed institutional holdings at 13,618,588 shares, according to the latest SEC report filing. XL stock had 45 new institutional investments in for a total of 7,200,801 shares, while 32 institutional investors sold positions of 7,522,696 shares during the same period.

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