Exela Technologies Inc. [XELA] Stock trading around $0.16 per share: What’s Next?


Exela Technologies Inc. [NASDAQ: XELA] loss -8.08% on the last trading session, reaching $0.16 price per share at the time. The company report on June 10, 2022 that Exela Technologies Announces Dividend on Series B Preferred Stock.

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Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced that its Board of Directors has declared the payment of a dividend on the Company’s outstanding 6.00% Series B Cumulative Perpetual Convertible Preferred Stock (“Series B Preferred Stock”).

In accordance with the terms of the Series B Preferred Stock, the Board of Directors declared a dividend of $0.46 per share of Series B Preferred Stock for the quarter ending June 30, 2022 and inclusive of the 20 days in March 2022 when the Series B Preferred Stock was first issued.  This dividend is payable in cash on June 30, 2022, to Series B Preferred stockholders of record as of June 20, 2022.

Exela Technologies Inc. represents 343.73 million in outstanding shares, while the company has a total market value of $77.94 million with the latest information. XELA stock price has been found in the range of $0.1609 to $0.1735.

If compared to the average trading volume of 39.10M shares, XELA reached a trading volume of 53390690 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 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 0.07.

Trading performance analysis for XELA stock

Exela Technologies Inc. [XELA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.00. With this latest performance, XELA shares dropped by -40.84% in over the last four-week period, additionally sinking by -86.76% over the last 6 months – not to mention a drop of -90.03% 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 25.52, with the RSI for the last a single of trading hit 18.40, and the three-weeks RSI is set at 30.00 for Exela Technologies Inc. [XELA]. The present Moving Average for the last 50 days of trading for this stock 0.3083, while it was recorded at 0.1831 for the last single week of trading, and 1.0129 for the last 200 days.

Exela Technologies Inc. [XELA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Exela Technologies Inc. [XELA] shares currently have an operating margin of +2.62 and a Gross Margin at +17.17. Exela Technologies Inc.’s Net Margin is presently recorded at -12.21.

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.

An analysis of insider ownership at Exela Technologies Inc. [XELA]

There are presently around $14 million, or 23.90% 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 0.20% of the total institutional ownership; B. RILEY ASSET MANAGEMENT, LLC, holding 12,013,455 shares of the stock with an approximate value of $1.95 million in XELA stocks shares; and VANGUARD GROUP INC, currently with $1.66 million in XELA stock with ownership of nearly 49.928% of the company’s market capitalization.

Positions in Exela Technologies Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 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.