XCF Global Capital (NASDAQ:SAFX) Stock Rating Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded XCF Global Capital to “Hold,” bringing the analyst consensus to Hold with an average price target of $0.70. Ratings currently include one Buy, two Holds, and one Sell.
• SAFX shares opened at $0.37 and were reported down 9.7%, with a market capitalization of approximately $153 million. The company reported quarterly revenue of $0.69 million and an adjusted loss of $0.04 per share, slightly better than estimates.
• Institutional investors own 52.34% of the company, while J. Derek Lewis & Associates recently acquired 234,940 shares. XCF Global is developing sustainable aviation fuel using captured carbon dioxide and renewable hydrogen.

XCF Global Capital (NASDAQ:SAFX - Get Free Report) was upgraded by Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also commented on the company. HC Wainwright began coverage on XCF Global Capital in a research report on Tuesday, June 23rd. They issued a "buy" rating and a $1.00 price objective on the stock. Weiss Ratings downgraded XCF Global Capital from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $0.70.

XCF Global Capital Trading Down 9.7%

Shares of SAFX stock opened at $0.37 on Friday. XCF Global Capital has a 1 year low of $0.12 and a 1 year high of $1.44. The firm's 50 day moving average is $0.40 and its 200-day moving average is $0.43. The firm has a market capitalization of $153.28 million, a price-to-earnings ratio of -1.96 and a beta of -0.30.

XCF Global Capital (NASDAQ:SAFX - Get Free Report) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. XCF Global Capital had a negative net margin of 397.43% and a negative return on equity of 230.36%. The business had revenue of $0.69 million during the quarter. On average, equities research analysts forecast that XCF Global Capital will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On XCF Global Capital

A hedge fund recently bought a new stake in XCF Global Capital stock. J. Derek Lewis & Associates Inc. acquired a new stake in XCF Global Capital, Inc. (NASDAQ:SAFX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 234,940 shares of the company's stock, valued at approximately $64,000. J. Derek Lewis & Associates Inc. owned about 0.11% of XCF Global Capital as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 52.34% of the company's stock.

XCF Global Capital Company Profile

XCF Global Capital, Inc NASDAQ: SAFX is a company focused on developing and producing sustainable aviation fuel (SAF). Its business centers on technologies designed to convert captured carbon dioxide and renewable hydrogen into synthetic fuel intended for use in aviation.

The company's activities include the development, commercialization and potential scaling of fuel-production facilities and related processes. Its products are aimed at helping airlines and other aviation-industry participants reduce reliance on conventional petroleum-based jet fuel and lower the carbon intensity of air travel.

XCF Global Capital operates in the emerging clean-energy and alternative-fuels sector.

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