XCF Global Capital (NASDAQ:SAFX) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• XCF Global Capital reported a quarterly loss of $0.04 per share, beating analysts’ consensus estimate of a $0.05 loss by $0.01.
• SAFX shares opened at $0.44, compared with a 12-month range of $0.12 to $1.55; institutional investors own 52.34% of the company after several firms increased their positions.
• Analyst sentiment is mixed, with one Buy, two Hold, and one Sell rating. The consensus rating is Hold, with a target price of $0.70.

XCF Global Capital (NASDAQ:SAFX - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01, Zacks reports. XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%.

XCF Global Capital Price Performance

Shares of SAFX opened at $0.44 on Monday. The business's fifty day moving average is $0.42 and its 200 day moving average is $0.38. XCF Global Capital has a 12-month low of $0.12 and a 12-month high of $1.55. The stock has a market cap of $146.99 million, a P/E ratio of -0.65 and a beta of -0.30.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Polar Asset Management Partners Inc. grew its holdings in shares of XCF Global Capital by 51.0% during the fourth quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company's stock valued at $582,000 after buying an additional 720,000 shares during the last quarter. State Street Corp lifted its position in XCF Global Capital by 37.3% in the 4th quarter. State Street Corp now owns 256,448 shares of the company's stock valued at $70,000 after acquiring an additional 69,698 shares in the last quarter. Jane Street Group LLC bought a new position in XCF Global Capital in the 4th quarter valued at about $42,000. Deutsche Bank AG boosted its stake in XCF Global Capital by 315.7% during the 4th quarter. Deutsche Bank AG now owns 199,524 shares of the company's stock valued at $54,000 after purchasing an additional 151,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in XCF Global Capital by 379.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company's stock valued at $33,000 after purchasing an additional 95,596 shares during the last quarter. Institutional investors and hedge funds own 52.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings restated a "sell (d+)" rating on shares of XCF Global Capital in a research report on Wednesday, August 5th. HC Wainwright assumed coverage on shares of XCF Global Capital in a research note on Tuesday, June 23rd. They set a "buy" rating and a $1.00 target price on the stock. Finally, Wall Street Zen raised shares of XCF Global Capital from a "sell" rating to a "hold" rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $0.70.

XCF Global Capital Company Profile

XCF Global Capital Inc is a player in decarbonizing the aviation industry through Sustainable Aviation Fuel. XCF Global Capital Inc, formerly known as Focus Impact BH3 Acquisition Company, is based in RENO, NV.

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