NASDAQ:XGTI - xG Technology Stock Price, News, & Analysis

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$0.33 -0.01 (-2.94 %)
(As of 12/14/2018 10:36 AM ET)
Previous Close$0.3420
Today's Range$0.33 - $0.3508
52-Week Range$0.32 - $1.76
Volume79,546 shs
Average Volume105,726 shs
Market Capitalization$5.98 million
P/E RatioN/A
Dividend YieldN/A
Beta-0.25
xG Technology, Inc. designs, develops, and delivers advanced wireless communications solutions in North America, Europe, South America, Asia, and rest of world. Its business lines include the brands of Integrated Microwave Technologies LLC (IMT) and Vislink Communication Systems (VCS). IMT develops, manufactures, and sells microwave communications equipment utilizing COFDM (Coded Orthogonal Frequency Division Multiplexing) technology, a transmission technique that combines encoding technology with OFDM (Orthogonal Frequency Division Multiplexing) modulation to provide the low latency and high image clarity required for real-time live broadcasting video transmissions. The company develops integrated solutions that deliver video footage captured from aerial and ground-based sources to fixed and mobile receiver locations. VCS designs and manufactures products encompassing microwave radio components, satellite communication, cellular and wireless camera systems, and associated amplifier items for broadcast and media, law enforcement, public safety, and surveillance markets. It provides broadcast communication links for the collection of live news and sports and entertainment events for national broadcasters, multi-channel broadcasters, network owners and station groups, sports and live broadcasters, and hosted service providers; and secure video communications and mission-critical solutions for law enforcement, defense, and homeland security applications. The company markets its products through sales channels, including direct-to-end customer sales, network group sales, reseller/integrators, and original equipment manufacturers. xG Technology, Inc. was founded in 2002 and is headquartered in Sarasota, Florida.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:XGTI
Previous Symbol
CUSIPN/A
Phone941-953-9035

Debt

Debt-to-Equity Ratio0.32
Current Ratio1.33
Quick Ratio0.46

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$47.82 million
Price / Sales0.12
Cash Flow$0.5077 per share
Price / Cash Flow0.65
Book Value$1.20 per share
Price / Book0.28

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$-10,540,000.00
Net Margins-59.22%
Return on Equity-117.24%
Return on Assets-47.50%

Miscellaneous

Employees43
Outstanding Shares17,800,000
Market Cap$5.98 million
OptionableNot Optionable

xG Technology (NASDAQ:XGTI) Frequently Asked Questions

What is xG Technology's stock symbol?

xG Technology trades on the NASDAQ under the ticker symbol "XGTI."

How were xG Technology's earnings last quarter?

xG Technology Inc (NASDAQ:XGTI) issued its earnings results on Wednesday, November, 14th. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.22) by $0.09. The Wireless communications provider earned $8.33 million during the quarter. xG Technology had a negative net margin of 59.22% and a negative return on equity of 117.24%. View xG Technology's Earnings History.

When is xG Technology's next earnings date?

xG Technology is scheduled to release their next quarterly earnings announcement on Monday, April 1st 2019. View Earnings Estimates for xG Technology.

What price target have analysts set for XGTI?

1 Wall Street analysts have issued 1-year target prices for xG Technology's stock. Their forecasts range from $4.00 to $4.00. On average, they anticipate xG Technology's stock price to reach $4.00 in the next year. This suggests a possible upside of 1,069.6% from the stock's current price. View Analyst Price Targets for xG Technology.

What is the consensus analysts' recommendation for xG Technology?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for xG Technology in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for xG Technology.

Has xG Technology been receiving favorable news coverage?

Press coverage about XGTI stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. xG Technology earned a news sentiment score of 1.4 on InfoTrie's scale. They also gave news coverage about the Wireless communications provider a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

Who are some of xG Technology's key competitors?

Who are xG Technology's key executives?

xG Technology's management team includes the folowing people:
  • Mr. Roger Glenn Branton, Co-Founder, CEO & CFO (Age 51)
  • Mr. John Carlton Coleman, Non-Exec. Director (Age 64)
  • Mr. Benjamin H. Dickens Jr., Gen. Councel (Age 65)
  • Mr. John Procacci, VP of Sales
  • Mr. Daniel Carpini, VP of Marketing & PR

Who are xG Technology's major shareholders?

xG Technology's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc (0.99%). Company insiders that own xG Technology stock include Belinda Allen Marino, John C Coleman and Ross James Woodyatt. View Institutional Ownership Trends for xG Technology.

Which major investors are selling xG Technology stock?

XGTI stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc. View Insider Buying and Selling for xG Technology.

How do I buy shares of xG Technology?

Shares of XGTI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is xG Technology's stock price today?

One share of XGTI stock can currently be purchased for approximately $0.3420.

How big of a company is xG Technology?

xG Technology has a market capitalization of $5.98 million and generates $47.82 million in revenue each year. xG Technology employs 43 workers across the globe.

What is xG Technology's official website?

The official website for xG Technology is http://www.xgtechnology.com.

How can I contact xG Technology?

xG Technology's mailing address is 240 SOUTH PINEAPPLE AVENUE SUITE 701, SARASOTA FL, 34236. The Wireless communications provider can be reached via phone at 941-953-9035 or via email at [email protected]


MarketBeat Community Rating for xG Technology (NASDAQ XGTI)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  182 (Vote Outperform)
Underperform Votes:  140 (Vote Underperform)
Total Votes:  322
MarketBeat's community ratings are surveys of what our community members think about xG Technology and other stocks. Vote "Outperform" if you believe XGTI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe XGTI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/14/2018 by MarketBeat.com Staff

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