Canaccord Genuity slashes price target on XL Fleet Corp. [XL] – find out why.

XL Fleet Corp. [NYSE: XL] closed the trading session at $11.93 on 03/18/21. The day’s price range saw the stock hit a low of $11.77, while the highest price level was $12.811. The company report on March 19, 2021 that INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against XL Fleet Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm.

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The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against XL Fleet Corp. (“XL Fleet” or “the Company”) (NYSE:XL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between October 2, 2020 and March 2, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before May 7, 2021.

The stocks have a year to date performance of -49.73 percent and weekly performance of -6.28 percent. The stock has been moved at 12.13 percent over the last six months. The stock has performed -38.25 percent around the most recent 30 days and changed -16.52 percent over the most recent 3-months.

If compared to the average trading volume of 11.68M shares, XL reached to a volume of 5765721 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 1.44, with the Price to Sales ratio for XL stock in the period of the last 12 months amounting to 160.69.

XL stock trade performance evaluation

XL Fleet Corp. [XL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.28. With this latest performance, XL shares dropped by -38.25% in over the last four-week period, additionally plugging by 12.13% over the last 6 months – not to mention a rise of 18.71% 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 36.37, with the RSI for the last a single of trading hit 35.69, and the three-weeks RSI is set at 38.54 for XL Fleet Corp. [XL]. The present Moving Average for the last 50 days of trading for this stock 17.50, while it was recorded at 12.80 for the last single week of trading, and 13.26 for the last 200 days.

XL Fleet Corp. [XL]: An insightful look at the core fundamentals

Earnings per share (EPS) analysis for XL Fleet Corp. [XL] stock

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 Ownership positions

There are presently around $163 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 $20.47 million in XL stocks shares; and ENCOMPASS CAPITAL ADVISORS LLC, currently with $17.89 million in XL stock with ownership of nearly New of the company’s market capitalization.

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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.

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