Market Analysts see XL Fleet Corp. [XL] gaining to $30. Time to buy?

XL Fleet Corp. [NYSE: XL] price surged by 4.34 percent to reach at $0.31. The company report on April 27, 2021 that CLASS ACTION UPDATE for CYDY, LDOS and XL: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders.

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Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

CYDY Shareholders Click Here: Shareholders Click Here: Shareholders Click Here:

A sum of 7687323 shares traded at recent session while its average daily volume was at 10.95M shares. XL Fleet Corp. shares reached a high of $7.60 and dropped to a low of $6.92 until finishing in the latest session at $7.45.

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 0.85, with the Price to Sales ratio for XL stock in the period of the last 12 months amounting to 47.90. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 2.53.

XL Stock Performance Analysis:

XL Fleet Corp. [XL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.97. With this latest performance, XL shares dropped by -24.82% in over the last four-week period, additionally sinking by -26.89% over the last 6 months – not to mention a drop of -25.28% 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 39.47, with the RSI for the last a single of trading hit 46.84, and the three-weeks RSI is set at 37.49 for XL Fleet Corp. [XL]. The present Moving Average for the last 50 days of trading for this stock 11.28, while it was recorded at 6.84 for the last single week of trading, and 13.03 for the last 200 days.

Insight into XL Fleet Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and XL Fleet Corp. [XL] shares currently have an operating margin of -75.20 and a Gross Margin at +10.43. XL Fleet Corp.’s Net Margin is presently recorded at -125.83.

Return on Total Capital for XL is now -5.49, given the latest momentum, and Return on Invested Capital for the company is -9.19. Return on Equity for this stock declined to -9.20, with Return on Assets sitting at -8.83. When it comes to the capital structure of this company, XL Fleet Corp. [XL] has a Total Debt to Total Equity ratio set at 0.06. Additionally, XL Total Debt to Total Capital is recorded at 0.06, with Total Debt to Total Assets ending up at 0.06. Long-Term Debt to Equity for the company is recorded at 0.03, with the Long-Term Debt to Total Capital now at 0.03.

Reflecting on the efficiency of the workforce at the company, XL Fleet Corp. [XL] managed to generate an average of -$433,746 per employee. Receivables Turnover for the company is 3.85 with a Total Asset Turnover recorded at a value of 0.07.XL Fleet Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 37.60 and a Current Ratio set at 38.00.

XL Fleet Corp. [XL] Insider Position Details

There are presently around $109 million, or 16.30% 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 4.50% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 1,716,000 shares of the stock with an approximate value of $12.25 million in XL stocks shares; and MAYFLOWER FINANCIAL ADVISORS, LLC, currently with $10.77 million in XL stock with ownership of nearly New of the company’s market capitalization.

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Positions in XL Fleet Corp. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 59 institutional holders increased their position in XL Fleet Corp. [NYSE:XL] by around 14,679,933 shares. Additionally, 45 investors decreased positions by around 10,067,109 shares, while 0 investors held positions by with 9,527,342 shares. The mentioned changes placed institutional holdings at 15,219,700 shares, according to the latest SEC report filing. XL stock had 47 new institutional investments in for a total of 8,680,800 shares, while 35 institutional investors sold positions of 7,561,487 shares during the same period.

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