HC Wainwright Upgrades XCF Global Capital (NASDAQ:SAFX) to “Strong-Buy”

XCF Global Capital (NASDAQ:SAFXGet Free Report) was upgraded by investment analysts at HC Wainwright to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Wall Street Zen raised shares of XCF Global Capital to a “hold” rating in a research note on Saturday, April 11th. Zacks Research raised shares of XCF Global Capital to a “hold” rating in a research note on Thursday, March 19th. Weiss Ratings upgraded shares of XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, Roth Mkm restated a “neutral” rating on shares of XCF Global Capital in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $0.70.

Get Our Latest Research Report on SAFX

XCF Global Capital Price Performance

Shares of SAFX opened at $0.46 on Tuesday. The company has a market cap of $151.85 million, a price-to-earnings ratio of -0.67 and a beta of -0.34. The company has a fifty day moving average price of $0.44. XCF Global Capital has a 52 week low of $0.12 and a 52 week high of $3.59.

XCF Global Capital (NASDAQ:SAFXGet Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $0.35 million during the quarter. XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%. On average, equities analysts forecast that XCF Global Capital will post -0.19 earnings per share for the current fiscal year.

Insider Activity at XCF Global Capital

In related news, major shareholder Randy Soule sold 5,000,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $0.41, for a total value of $2,050,000.00. Following the completion of the sale, the insider owned 72,383,239 shares in the company, valued at approximately $29,677,127.99. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XCF Global Capital

Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of 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 buying an additional 95,596 shares during the period. Jane Street Group LLC bought a new stake in shares of XCF Global Capital in the 4th quarter valued at about $42,000. Deutsche Bank AG raised its position in shares of XCF Global Capital by 315.7% in the 4th quarter. Deutsche Bank AG now owns 199,524 shares of the company’s stock valued at $54,000 after acquiring an additional 151,529 shares during the period. J. Derek Lewis & Associates Inc. acquired a new stake in shares of XCF Global Capital in the 4th quarter valued at approximately $64,000. Finally, Simplify Asset Management Inc. acquired a new stake in shares of XCF Global Capital in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 52.34% of the company’s stock.

XCF Global Capital Company Profile

(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.

Further Reading

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