Exela Technologies Inc. [XELA] Is Currently -9.14 below its 200 Period Moving Avg: What Does This Mean?

Exela Technologies Inc. [NASDAQ: XELA] stock went on a downward path that fall over -9.14% on Tuesday, amounting to a one-week price decrease of less than -1.11%. The company report on September 12, 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 $0.375 per share of Series B Preferred Stock for the quarter ending September 30, 2022.  This dividend is payable in cash on September 30, 2022, to Series B Preferred stockholders of record as of September 20, 2022.

Over the last 12 months, XELA stock dropped by -98.12%. The one-year Exela Technologies Inc. stock forecast points to a potential upside of 67.2. The average equity rating for XELA stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $51.79 million, with 64.97 million shares outstanding and 64.73 million shares in the current float. Compared to the average trading volume of 11.41M shares, XELA stock reached a trading volume of 5297191 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $2.50 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 0.10, with the Price to Sales ratio for XELA stock in the period of the last 12 months amounting to 0.05.

XELA Stock Performance Analysis:

Exela Technologies Inc. [XELA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.11. With this latest performance, XELA shares dropped by -43.80% in over the last four-week period, additionally sinking by -91.63% over the last 6 months – not to mention a drop of -98.12% 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 28.87, with the RSI for the last a single of trading hit 26.68, and the three-weeks RSI is set at 31.13 for Exela Technologies Inc. [XELA]. The present Moving Average for the last 50 days of trading for this stock 1.5740, while it was recorded at 0.8515 for the last single week of trading, and 8.7683 for the last 200 days.

Insight into Exela Technologies Inc. Fundamentals:

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 0.40 and a Current Ratio set at 0.50.

Exela Technologies Inc. [XELA] Insider Position Details

There are presently around $4 million, or 8.30% 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 1,800,000, which is approximately 1.64% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 877,856 shares of the stock with an approximate value of $0.72 million in XELA stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.65 million in XELA stock with ownership of nearly 89230.18% 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 31 institutional holders increased their position in Exela Technologies Inc. [NASDAQ:XELA] by around 1,844,243 shares. Additionally, 23 investors decreased positions by around 829,377 shares, while 12 investors held positions by with 2,583,365 shares. The mentioned changes placed institutional holdings at 5,256,985 shares, according to the latest SEC report filing. XELA stock had 12 new institutional investments in for a total of 103,644 shares, while 12 institutional investors sold positions of 622,514 shares during the same period.


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