XL Fleet Corp. (NYSE:XL) finished Wednesday with a subtraction of -$0.04 to close at $0.99, a downside of -3.88 percent. An average of 1,497,900 shares of common stock have been traded in the last five days. There was a fall of -$0.0700 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,160,785 shares traded, while the 50-day average volume stands at 1,090,270.
XL stock has decreased by -13.91% in the last month. The company shares reached their 1-month lowest point of $0.9748 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $1.01 and a high of $6.93 in 52 weeks. It has reached a new high 1 time so far this year and lost -70.09% or -$2.3200 in price. In spite of this, the price is down -85.71% from the 52-week high.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
XL Fleet Corp. (XL) has a trailing price-to-sales (P/S) ratio at 7.99, the price-to-book (PB) ratio at 0.42.
The quick ratio of XL Fleet Corp. for the three months ended March 30 was 27.90, and the current ratio was 29.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at -$0.7 million compared to revenue of $15.6 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, XL Fleet Corp.’s return on assets was -13.50%.
For the three-month period that ended March 30, XL Fleet Corp. had $10000.0 in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$12.7 million in the quarter, while revenues were grew 17.56%. The analyst consensus anticipated XL Fleet Corp.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.08, a 52.90% surprise. For the quarter, EBITDA amounted to -$13.99 million. Shareholders own equity worth $142.5 million.
From a technical analysis perspective, let’s take a brief look at XL Fleet Corp. (XL) price momentum. RSI 9-day as of the close on 21 September was 33.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 88.45%.
As of today, XL’s price is $1.0500 -6.60% or -$0.0700 from its 5-day moving average. XL is currently trading -15.38% lower than its 20-day SMA and -33.56% lower than its 100-day SMA. However, the stock’s current price level is -20.16% below the SMA50 and -74.94% below the SMA200.
The stochastic %K and %D were 5.52% and 11.80%, respectively, and the average true range (ATR) was 0.0677. With the 14-day stochastic at 4.98% and the average true range at 0.0713, the RSI (14) stands at 36.28%. The stock has reached -0.0667 on the 9-day MACD Oscillator while the 14-day reading was at -0.0688.
Canaccord Genuity downgraded XL Fleet Corp. (NYSE: XL) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for XL Fleet Corp. (XL) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell XL, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is XL’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $6.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for XL Fleet Corp. (XL) stock is $6.00.