Exela Technologies - XELA Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Exela Technologies in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" XELA shares.
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2 equities research analysts have issued twelve-month target prices for Exela Technologies' shares. Their XELA share price forecasts range from $11.00 to $40.00. On average, they predict the company's stock price to reach $25.50 in the next twelve months. This suggests a possible upside of 1,721.4% from the stock's current price.
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Exela Technologies' stock was trading at $17.54 on January 1st, 2022. Since then, XELA shares have decreased by 92.0% and is now trading at $1.40.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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Exela Technologies, Inc. (NASDAQ:XELA) released its quarterly earnings data on Friday, November, 5th. The company reported ($5.40) EPS for the quarter, missing analysts' consensus estimates of ($3.40) by $2.00. The firm had revenue of $279.23 million for the quarter, compared to analyst estimates of $310 million. During the same period last year, the firm posted ($12.00) earnings per share.

Exela Technologies shares reverse split on the morning of Tuesday, July 26th 2022. The 1-20 reverse split was announced on Tuesday, July 26th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, July 26th 2022. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

140 employees have rated Exela Technologies Chief Executive Officer Ron Cogburn on Glassdoor.com. Ron Cogburn has an approval rating of 46% among the company's employees. This puts Ron Cogburn in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Exela Technologies investors own include Biocept (BIOC), Acasti Pharma (ACST), Avinger (AVGR), Bionano Genomics (BNGO), Heat Biologics (HTBX), T2 Biosystems (TTOO), Onconova Therapeutics (ONTX), Outlook Therapeutics (OTLK), AgEagle Aerial Systems (UAVS).

Exela Technologies trades on the NASDAQ under the ticker symbol "XELA."

Exela Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include B. Riley Financial Inc. (162.91%), Renaissance Technologies LLC (71.79%), Rafferty Asset Management LLC (11.18%), State Street Corp (7.05%), Equitec Proprietary Markets LLC (0.32%) and Northern Trust Corp (3.28%). Insiders that own company stock include Apollo Management Holdings Gp,, Marc A Beilinson, Mark D Fairchild, Par Chadha, Shrikant Sortur and William L Transier.
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Shares of XELA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of XELA stock can currently be purchased for approximately $1.40.

Exela Technologies (NASDAQ:XELA) has a market capitalization of $30.94 million and generates $1.17 billion in revenue each year. The company earns $-142,390,000.00 in net income (profit) each year or ($16.42) on an earnings per share basis.

The company employs 17,000 workers across the globe.

Exela Technologies' mailing address is 2701 EAST GRAUWYLER ROAD, IRVING TX, 75061. The official website for the company is www.exelatech.com. The company can be reached via phone at 844-935-2832 or via email at ir@exelatech.com.