Market Analysts see Exela Technologies Inc. [XELA] falling to $0.55. Time to buy?


Exela Technologies Inc. [NASDAQ: XELA] traded at a low on 06/03/22, posting a -2.92 loss after which it closed the day’ session at $0.21. The company report on June 3, 2022 that Exela Technologies Announces New XBP Contracts Totaling $18.3 Million.

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Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP) today announced new customer wins worth $18.3 million over the next three years. The new business is across two new logos and revenue will begin accruing in the third quarter of 2022.

Exela’s Exchange for Bills and Payments (“XBP”), the largest revenue contributor in the ITPS accounting segment, continues to sign new logos. This integrated solution utilizes several of Exela’s platforms including payment processing (TMS), collaborative work flow (Beats) and digital mailroom (DMR) delivering a bespoke solution used by Exela’s knowledge workers and its newly acquired customers. As the pandemic recovery continues, XBP solutions continue to uncover new use cases and the company sees increased interest from customers.

The results of the trading session contributed to over 76025630 shares changing hands. Over the past one week, the price volatility of Exela Technologies Inc. stands at 10.37% while the volatility over the past one month is 11.50%.

The market cap for XELA stock reached $96.93 million, with 343.73 million shares outstanding. Compared to the average trading volume of 34.89M shares, XELA reached a trading volume of 76025630 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]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XELA shares is $1.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XELA stock is a recommendation set at 2.50. 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.

B. Riley Securities have made an estimate for Exela Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 23, 2022. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on August 31, 2021, representing the official price target for Exela Technologies Inc. stock.

The Average True Range (ATR) for Exela Technologies Inc. is set at 0.03, with the Price to Sales ratio for XELA stock in the period of the last 12 months amounting to 0.08.

How has XELA stock performed recently?

Exela Technologies Inc. [XELA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.12. With this latest performance, XELA shares dropped by -37.48% in over the last four-week period, additionally sinking by -81.99% over the last 6 months – not to mention a drop of -86.02% 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 XELA stock in for the last two-week period is set at 33.05, with the RSI for the last a single of trading hit 30.21, and the three-weeks RSI is set at 34.95 for Exela Technologies Inc. [XELA]. The present Moving Average for the last 50 days of trading for this stock 0.3333, while it was recorded at 0.2164 for the last single week of trading, and 1.0646 for the last 200 days.

Exela Technologies Inc. [XELA]: Deeper insight into the fundamentals

Exela Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Insider trade positions for Exela Technologies Inc. [XELA]

There are presently around $18 million, or 20.00% of XELA stock, in the hands of institutional investors. The top three institutional holders of XELA stocks are: B. RILEY FINANCIAL, INC. with ownership of 35,419,029, which is approximately 502.37% of the company’s market cap and around 0.30% of the total institutional ownership; B. RILEY ASSET MANAGEMENT, LLC, holding 12,013,455 shares of the stock with an approximate value of $2.55 million in XELA stocks shares; and VANGUARD GROUP INC, currently with $2.17 million in XELA stock with ownership of nearly 49.928% of the company’s market capitalization.

41 institutional holders increased their position in Exela Technologies Inc. [NASDAQ:XELA] by around 56,723,228 shares. Additionally, 25 investors decreased positions by around 8,414,604 shares, while 5 investors held positions by with 19,714,755 shares. The mentioned changes placed institutional holdings at 84,852,587 shares, according to the latest SEC report filing. XELA stock had 8 new institutional investments in for a total of 1,324,504 shares, while 16 institutional investors sold positions of 6,055,738 shares during the same period.