XL Fleet Corp. [XL] Revenue clocked in at $20.34 million, down -64.77% YTD: What’s Next?

XL Fleet Corp. [NYSE: XL] gained 11.62% or 0.87 points to close at $8.36 with a heavy trading volume of 22723979 shares. The company report on April 7, 2021 that LAWSUITS FILED AGAINST APA, OTRK and XL – Jakubowitz Law Pursues Shareholders Claims.

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Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

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Apache Corporation (NASDAQ:APA).

It opened the trading session at $7.52, the shares rose to $8.76 and dropped to $7.22, the range by which the price of stock traded the whole day. The daily chart for XL points out that the company has recorded -24.21% loss over the past six months. However, it is still -15.31% lower than its most recent low trading price.

If we look at the average trading volume of 8.87M shares, XL reached to a volume of 22723979 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 1.20, with the Price to Sales ratio for XL stock in the period of the last 12 months amounting to 57.18. The Price to Book ratio for the last quarter was 2.26.

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 -8.83. With this latest performance, XL shares dropped by -25.16% in over the last four-week period, additionally sinking by -24.21% over the last 6 months – not to mention a drop of -14.26% 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 30.84, with the RSI for the last a single of trading hit 30.59, and the three-weeks RSI is set at 33.29 for XL Fleet Corp. [XL]. The present Moving Average for the last 50 days of trading for this stock 14.85, while it was recorded at 8.31 for the last single week of trading, and 13.23 for the last 200 days.

XL Fleet Corp. [XL]: A deeper dive into fundamental analysis

An analysis of insider ownership at XL Fleet Corp. [XL]

There are presently around $114 million, or 10.63% 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 37.65% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 1,716,000 shares of the stock with an approximate value of $14.35 million in XL stocks shares; and ENCOMPASS CAPITAL ADVISORS LLC, currently with $12.54 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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