Exela Technologies Inc. [NASDAQ: XELA] slipped around -0.24 points on Friday, while shares priced at $1.88 at the close of the session, down -11.32%. The company report on June 30, 2021 that Exela Technologies Announces Completion of $100 million at-the-market Program and Enters into New $150 Million Program.
Exela Technologies, Inc. (“XELA” or the “Company”) (NASDAQ:XELA) announced that it has completed its $100 million at-the-market equity program announced on May 27, 2021.
In addition, Exela has entered into an additional $150 million at-the-market equity program. The Company intends to use the net proceeds from the offering for the purchase or retirement of debt and/or general corporate purposes, including funding of its development programs, commercial planning and sales and marketing expenses, general and administrative expenses, acquisition or licensing of additional product candidates or businesses or working capital.
Exela Technologies Inc. stock is now 50.89% up from its year-to-date (YTD) trading value. XELA Stock saw the intraday high of $2.07 and lowest of $1.82 per share. The company’s 52-week high price is 7.82, which means current price is +59.05% above from all time high which was touched on 03/10/21.
Compared to the average trading volume of 17.87M shares, XELA reached a trading volume of 50615768 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Exela Technologies Inc. [XELA]?
Morgan Stanley have made an estimate for Exela Technologies Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 16, 2019. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on October 22, 2018, representing the official price target for Exela Technologies Inc. stock.
The Average True Range (ATR) for Exela Technologies Inc. is set at 0.27, with the Price to Sales ratio for XELA stock in the period of the last 12 months amounting to 0.10.
How has XELA stock performed recently?
Exela Technologies Inc. [XELA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 35.25. With this latest performance, XELA shares gained by 20.51% in over the last four-week period, additionally plugging by 50.89% over the last 6 months – not to mention a rise of 59.34% 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 XELA stock in for the last two-week period is set at 55.89, with the RSI for the last a single of trading hit 56.41, and the three-weeks RSI is set at 54.14 for Exela Technologies Inc. [XELA]. The present Moving Average for the last 50 days of trading for this stock 1.6585, while it was recorded at 2.0400 for the last single week of trading, and 1.7693 for the last 200 days.
Exela Technologies Inc. [XELA]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Exela Technologies Inc. [XELA] shares currently have an operating margin of -0.85 and a Gross Margin at +13.54. Exela Technologies Inc.’s Net Margin is presently recorded at -13.81.
Return on Total Capital for XELA is now -1.44, given the latest momentum, and Return on Invested Capital for the company is -25.68. Additionally, XELA Total Debt to Total Capital is recorded at 230.11, with Total Debt to Total Assets ending up at 141.53.
Reflecting on the efficiency of the workforce at the company, Exela Technologies Inc. [XELA] managed to generate an average of -$9,396 per employee. Receivables Turnover for the company is 5.51 with a Total Asset Turnover recorded at a value of 1.07.Exela Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
Insider trade positions for Exela Technologies Inc. [XELA]
There are presently around $14 million, or 49.60% of XELA stock, in the hands of institutional investors. The top three institutional holders of XELA stocks are: ARMISTICE CAPITAL, LLC with ownership of 1,818,182, which is approximately New of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 1,683,624 shares of the stock with an approximate value of $3.17 million in XELA stocks shares; and ALYESKA INVESTMENT GROUP, L.P., currently with $2.82 million in XELA stock with ownership of nearly New of the company’s market capitalization.
Positions in Exela Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 17 institutional holders increased their position in Exela Technologies Inc. [NASDAQ:XELA] by around 5,965,048 shares. Additionally, 18 investors decreased positions by around 6,617,648 shares, while 2 investors held positions by with 4,929,926 shares. The mentioned changes placed institutional holdings at 7,652,770 shares, according to the latest SEC report filing. XELA stock had 12 new institutional investments in for a total of 4,466,517 shares, while 10 institutional investors sold positions of 6,008,467 shares during the same period.