XCF Global Capital (NASDAQ:SAFX) Upgraded to Strong-Buy at HC Wainwright

HC Wainwright upgraded shares of XCF Global Capital (NASDAQ:SAFX) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on 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 XCF Global Capital to a “hold” rating in a research report on Thursday, March 19th. Weiss Ratings raised XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Roth Mkm reiterated a “neutral” rating on shares of XCF Global Capital in a report on Monday, April 13th. One equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $0.70.

XCF Global Capital Trading Down 6.8%

SAFX stock opened at $0.46 on Tuesday. XCF Global Capital has a 52 week low of $0.12 and a 52 week high of $3.59. The firm has a market cap of $151.85 million, a P/E ratio of -0.67 and a beta of -0.34. The business’s fifty day moving average price is $0.44.

XCF Global Capital (NASDAQ:SAFX) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%. The firm had revenue of $0.35 million for the quarter. As a group, equities analysts forecast that XCF Global Capital will post -0.19 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Randy Soule sold 9,000,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $0.34, for a total transaction of $3,060,000.00. Following the completion of the transaction, the insider directly owned 63,805,455 shares in the company, valued at approximately $21,693,854.70. This represents a 12.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On XCF Global Capital

A number of institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. boosted its holdings in shares of XCF Global Capital by 51.0% during the fourth quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock valued at $582,000 after acquiring an additional 720,000 shares during the period. J. Derek Lewis & Associates Inc. acquired a new stake in shares of XCF Global Capital in the fourth quarter valued at approximately $64,000. Geode Capital Management LLC raised its holdings in shares of XCF Global Capital by 20.5% during the fourth quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock valued at $321,000 after buying an additional 200,147 shares during the last quarter. Simplify Asset Management Inc. bought a new stake in shares of XCF Global Capital during the first quarter valued at approximately $69,000. Finally, Jane Street Group LLC acquired a new position in shares of XCF Global Capital during the fourth quarter worth approximately $42,000. 52.34% of the stock is currently owned by institutional investors.

XCF Global Capital Company Profile

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.