XCF Global Capital (NASDAQ:SAFX) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

XCF Global Capital (NASDAQ:SAFX – Get Free Report) announced its earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02), Zacks reports.

XCF Global Capital Price Performance

Shares of SAFX stock traded down $0.02 on Friday, hitting $0.42. The company’s stock had a trading volume of 2,915,479 shares, compared to its average volume of 14,068,782. The firm’s fifty day moving average price is $0.43. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $45.90. The firm has a market cap of $114.89 million, a PE ratio of -0.68 and a beta of -0.43.

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Insiders Place Their Bets

In other XCF Global Capital news, major shareholder Randy Soule sold 9,000,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $0.34, for a total transaction of $3,060,000.00. Following the completion of the sale, the insider directly owned 63,805,455 shares in the company, valued at $21,693,854.70. This represents a 12.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On XCF Global Capital

Several hedge funds have recently modified their holdings of SAFX. Polar Asset Management Partners Inc. lifted its position in XCF Global Capital by 51.0% in the fourth quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock worth $582,000 after purchasing an additional 720,000 shares during the period. Geode Capital Management LLC raised its stake in shares of XCF Global Capital by 20.5% in the fourth quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock valued at $321,000 after acquiring an additional 200,147 shares during the last quarter. Jane Street Group LLC bought a new position in shares of XCF Global Capital in the fourth quarter valued at approximately $42,000. Deutsche Bank AG raised its holdings in shares of XCF Global Capital by 315.7% in 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 last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 worth $33,000 after acquiring an additional 95,596 shares during the last quarter. 52.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings upgraded XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Zacks Research raised shares of XCF Global Capital to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen raised shares of XCF Global Capital to a “hold” rating in a research note on Saturday, April 11th. Finally, Roth Mkm reaffirmed a “neutral” rating on shares of XCF Global Capital in a research note on Monday, April 13th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $0.40.

View Our Latest Stock Report on SAFX

About XCF Global Capital

(Get Free Report)

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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