XCF Global Capital (NASDAQ:SAFX) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded XCF Global Capital (NASDAQ:SAFX) to a Hold; other recent ratings include Zacks Hold, Roth MKM Neutral ($0.40 target) and Weiss Ratings Sell, leaving an average analyst rating of "Reduce" and an average target price of $0.40.
• SAFX opened at $0.82 with a 50-day SMA of $0.30, a 12-month range of $0.12–$45.90 and a market cap of $169.8M; it reported quarterly EPS of ($0.17) on $4.69M in revenue.
• Major shareholder Randy Soule sold 1,000,000 shares at $0.16 in January, reducing his stake by 1.29%; insiders now own 0.12% while institutional investors hold 52.34% after increased positions by firms including State Street, Goldman Sachs and Deutsche Bank.

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

A number of other analysts have also weighed in on SAFX. Weiss Ratings assumed coverage on XCF Global Capital in a research note on Wednesday, January 14th. They issued a "sell (d-)" rating on the stock. Zacks Research upgraded XCF Global Capital to a "hold" rating in a research note on Thursday, March 19th. Finally, Roth Mkm initiated coverage on XCF Global Capital in a research note on Wednesday, March 18th. They set a "neutral" rating and a $0.40 price target on the stock. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $0.40.

XCF Global Capital Stock Performance

SAFX stock opened at $0.82 on Friday. The stock has a fifty day simple moving average of $0.30. XCF Global Capital has a twelve month low of $0.12 and a twelve month high of $45.90. The stock has a market capitalization of $169.78 million, a price-to-earnings ratio of -1.34 and a beta of -0.56.

XCF Global Capital (NASDAQ:SAFX - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported ($0.17) earnings per share for the quarter. The business had revenue of $4.69 million during the quarter.

Insider Activity at XCF Global Capital

In other news, major shareholder Randy Soule sold 1,000,000 shares of the firm's stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $0.16, for a total transaction of $160,000.00. Following the transaction, the insider owned 76,628,648 shares in the company, valued at approximately $12,260,583.68. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On XCF Global Capital

Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its stake in shares of XCF Global Capital by 37.3% during the fourth quarter. State Street Corp now owns 256,448 shares of the company's stock valued at $70,000 after buying an additional 69,698 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of XCF Global Capital by 379.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company's stock valued at $33,000 after buying an additional 95,596 shares during the period. Deutsche Bank AG increased its stake in shares of XCF Global Capital by 315.7% during the fourth quarter. Deutsche Bank AG now owns 199,524 shares of the company's stock valued at $54,000 after buying an additional 151,529 shares during the period. Jane Street Group LLC purchased a new position in shares of XCF Global Capital during the fourth quarter valued at $42,000. Finally, Geode Capital Management LLC increased its stake in shares of XCF Global Capital by 20.5% during the fourth quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company's stock valued at $321,000 after buying an additional 200,147 shares during the period. Hedge funds and other institutional investors own 52.34% of the company's stock.

About XCF Global Capital

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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