XL Fleet Corp. [NYSE: XL] loss -0.68% or -0.1 points to close at $14.54 with a heavy trading volume of 8561558 shares. The company report on February 25, 2021 that XL Fleet Becomes Electric Transportation Partner of UBS Arena and the New York Islanders, Plans to Deploy 1,000 EV Charging Stations.
The proposed project includes opportunities for the deployment of 1,000 electric vehicle charging stations and leverages strategic location of UBS Arena to service consumer EVs during events and fleet EVs during off-hours.
Deployment would be one of the largest EV charging sites in the United States.
It opened the trading session at $15.61, the shares rose to $15.87 and dropped to $14.20, the range by which the price of stock traded the whole day. The daily chart for XL points out that the company has recorded 44.53% gains over the past six months. However, it is still -53.05% lower than its most recent low trading price.
If we look at the average trading volume of 10.32M shares, XL reached to a volume of 8561558 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 1.57, with the Price to Sales ratio for XL stock in the period of the last 12 months amounting to 195.84.
Trading performance analysis for XL stock
XL Fleet Corp. [XL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.67. With this latest performance, XL shares dropped by -30.13% in over the last four-week period, additionally plugging by 44.53% over the last 6 months – not to mention a rise of 45.40% 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 30.70, with the RSI for the last a single of trading hit 20.46, and the three-weeks RSI is set at 37.68 for XL Fleet Corp. [XL]. The present Moving Average for the last 50 days of trading for this stock 19.93, while it was recorded at 15.50 for the last single week of trading, and 13.04 for the last 200 days.
XL Fleet Corp. [XL]: A deeper dive into fundamental analysis
XL Fleet Corp. [XL]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at XL Fleet Corp. [XL]
There are presently around $199 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 $24.95 million in XL stocks shares; and ENCOMPASS CAPITAL ADVISORS LLC, currently with $21.81 million in XL stock with ownership of nearly New of the company’s market capitalization.
58 institutional holders increased their position in XL Fleet Corp. [NYSE:XL] by around 13,205,717 shares. Additionally, 42 investors decreased positions by around 10,004,152 shares, while 0 investors held positions by with 9,523,952 shares. The mentioned changes placed institutional holdings at 13,685,917 shares, according to the latest SEC report filing. XL stock had 45 new institutional investments in for a total of 7,180,673 shares, while 32 institutional investors sold positions of 7,522,696 shares during the same period.