Market Analysts see XL Fleet Corp. [XL] gaining to $6. Time to buy?



XL Fleet Corp. [NYSE: XL] slipped around -0.27 points on Wednesday, while shares priced at $3.00 at the close of the session, down -8.26%. The company report on December 21, 2021 that XL Fleet Installs Charging Infrastructure to Power Apex Clean Energy’s Electrified Vehicle Deployments.

Leading clean energy company electrified its work truck fleet with XL Fleet plug-in hybrid and hybrid systems on its F-Series pickup trucks earlier this year.

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Charging deployment was managed by the XL Grid and World Energy teams and includes 12 chargers across six wind farm facilities in Texas, Oklahoma and Illinois.

Compared to the average trading volume of 3.03M shares, XL reached a trading volume of 6957880 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about XL Fleet Corp. [XL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XL shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XL stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for XL Fleet Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 16, 2021. The new note on the price target was released on July 09, 2021, representing the official price target for XL Fleet Corp. stock. Previously, the target price had yet another raise to $30, while Canaccord Genuity analysts kept a Buy rating on XL stock.

The Average True Range (ATR) for XL Fleet Corp. is set at 0.32, with the Price to Sales ratio for XL stock in the period of the last 12 months amounting to 16.08. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 2.45.

How has XL stock performed recently?

XL Fleet Corp. [XL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.81. With this latest performance, XL shares dropped by -29.08% in over the last four-week period, additionally sinking by -61.04% over the last 6 months – not to mention a drop of -85.02% 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 33.10, with the RSI for the last a single of trading hit 31.20, and the three-weeks RSI is set at 34.38 for XL Fleet Corp. [XL]. The present Moving Average for the last 50 days of trading for this stock 4.48, while it was recorded at 3.30 for the last single week of trading, and 6.33 for the last 200 days.

XL Fleet Corp. [XL]: Deeper insight into the 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 -297.99.

Return on Total Capital for XL is now -7.40, given the latest momentum, and Return on Invested Capital for the company is -29.32. Return on Equity for this stock declined to -29.33, with Return on Assets sitting at -20.91. When it comes to the capital structure of this company, XL Fleet Corp. [XL] has a Total Debt to Total Equity ratio set at 0.11. Additionally, XL Total Debt to Total Capital is recorded at 0.11, with Total Debt to Total Assets ending up at 0.06. Long-Term Debt to Equity for the company is recorded at 0.05, with the Long-Term Debt to Total Capital now at 0.05.

Reflecting on the efficiency of the workforce at the company, XL Fleet Corp. [XL] managed to generate an average of -$1,027,220 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 21.70 and a Current Ratio set at 22.70.

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Insider trade positions for XL Fleet Corp. [XL]

There are presently around $74 million, or 17.10% of XL stock, in the hands of institutional investors. The top three institutional holders of XL stocks are: VANGUARD GROUP INC with ownership of 9,459,422, which is approximately -0.125% of the company’s market cap and around 30.71% of the total institutional ownership; BLACKROCK INC., holding 3,436,700 shares of the stock with an approximate value of $11.24 million in XL stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $4.01 million in XL stock with ownership of nearly 8.327% of the company’s market capitalization.

Positions in XL Fleet Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 43 institutional holders increased their position in XL Fleet Corp. [NYSE:XL] by around 1,216,447 shares. Additionally, 44 investors decreased positions by around 1,883,076 shares, while 25 investors held positions by with 19,405,904 shares. The mentioned changes placed institutional holdings at 22,505,427 shares, according to the latest SEC report filing. XL stock had 17 new institutional investments in for a total of 364,085 shares, while 19 institutional investors sold positions of 526,334 shares during the same period.