Do analysts agree on the target price for Exela Technologies Inc (XELA) stock on Monday?
Analysts who track Exela Technologies Inc (XELA) on average expect it to rise 739.29% over the next twelve months. These same analysts give the stock an average buy rating. This average rating earns XELA an analyst rating of 30, meaning it ranks above 30 of stocks, based on data compiled by InvestorsObserver.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.
What’s going on with Exela Technologies Inc stock today?
Exela Technologies Inc (XELA) stock rose 35.32% while the S&P 500 fell -1.1% at 3:53 p.m. Monday, July 18. XELA rose $0.04 from the previous closing price of $0.10 on volume of 672,495,680 shares. Over the past year, the S&P 500 is down -10.28% while XELA has fallen -95.41%. XELA has lost -$0.93 per share over the past 12 months. Click here for the full Exela Technologies Inc. stock report.
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