What happened Shares of Exela Technologies (XELA -0.77%) tanked 10% on Friday after reporting disappointing third-quarter earnings. The business process automation (BPA) company missed badly on revenue, likely worrying investors about its prospects.
Full Answer
What's the bad news for Xela stock?
The bad news for XELA stock today starts with the company’s earnings per share of-34 cents for the fourth quarter of the year. That’s going to miss Wall Street’s estimate of -9 cents per share for the quarter.
What is the earnings guidance for Xela technologies?
Exela Technologies issued an update on its FY 2021 earnings guidance on Tuesday, August, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.25 billion-$1.39 billion, compared to the consensus revenue estimate of $1.33 billion. What price target have analysts set for XELA?
Why did Exela Technologies cancel its reverse stock split?
REGISTER FREE! Exela Technologies (NASDAQ: XELA) made headlines on April 11 when it decided to cancel scheduled voting on a reverse stock split. The choice was made after the firm decided that “continued listing on Nasdaq is important for [its] shareholders, employees and customers.”
Should you buy Exela Technologies (Exel) stock?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Exela Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Exela Technologies stock.
Is XELA expected to rise?
Exela Technologies Inc (NASDAQ:XELA) The 2 analysts offering 12-month price forecasts for Exela Technologies Inc have a median target of 1.18, with a high estimate of 2.00 and a low estimate of 0.35. The median estimate represents a +454.25% increase from the last price of 0.21.
Will XELA be delisted?
The bad news for the firm is that it received a notice letter of delisting from the Nasdaq on Feb. 8. Thus, the clock is ticking for Exela and XELA stock, as it has an initial period of 180 calendar days — until Aug. 8, 2022 — to regain compliance with listing requirements.
Is XELA a good stock to buy now?
Exela Technologies has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Why XELA stock is down?
Shares of Exela Technologies (XELA -2.86%) tanked 10% on Friday after reporting disappointing third-quarter earnings. The business process automation (BPA) company missed badly on revenue, likely worrying investors about its prospects.
Will XELA recover?
If you are looking for stocks with good return, Exela Technologies Inc can be a profitable investment option. Exela Technologies Inc quote is equal to 0.136 USD at 2022-06-22. Based on our forecasts, a long-term increase is expected, the "XELA" stock price prognosis for 2027-06-16 is 0.920 USD.
Will XELA reverse split?
IRVING, Texas, April 11, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (NASDAQ: XELA) today announced that it will not proceed with the vote scheduled for May 3, 2022 seeking approval to effect a reverse stock split. The Special Meeting of Stockholders scheduled for that date has been canceled.
Is XELA being shorted?
Short Shares Availability This table shows the number of shares of US:XELA available to be shorted at a leading prime brokerage.
Is XELA stock undervalued?
Estimated DCF Value of one NASDAQ:XELA stock is 0.75 USD. Compared to the current market price of 0.14 USD, the stock is Undervalued by 81% .
Is XELA a meme stock?
Exela Technologies (NASDAQ:XELA) stock was a meme-stock in 2021. Everyone wanted to get in on “digital transformation.” Now, we're more worried about energy, inflation, and Vladimir Putin's actions in Eastern Europe. Along the way to these more pressing issues, XELA stock was left by the roadside.
How much debt does XELA have?
1.28 BTotal AssetsMar 2022Total Debt1.28 BTotal Liabilities1.68 BTotal Shareholder's Equity-607.30 MBook Value Per Share-1.257 more rows
Is Exela technologies going out of business?
Based on the latest financial disclosure, Exela Technologies has a Probability Of Bankruptcy of 77%. This is 90.31% higher than that of the Technology sector and significantly higher than that of the Software—Application industry.