XCF Global Capital (NASDAQ:SAFX) Issues Earnings Results

XCF Global Capital (NASDAQ:SAFX) posted its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01, Zacks reports. The company had revenue of $0.69 million during the quarter. XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%.

XCF Global Capital Stock Down 3.0%

Shares of SAFX stock opened at $0.42 on Wednesday. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $1.55. The firm’s 50 day moving average price is $0.43 and its two-hundred day moving average price is $0.39. The stock has a market cap of $140.24 million, a price-to-earnings ratio of -0.62 and a beta of -0.30.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of XCF Global Capital in a report on Wednesday, August 5th. Wall Street Zen upgraded XCF Global Capital from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, HC Wainwright initiated coverage on XCF Global Capital in a research note on Tuesday, June 23rd. They set a “buy” rating and a $1.00 price objective on the stock. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $0.70.

Institutional Investors Weigh In On XCF Global Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake 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 acquiring an additional 200,147 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of XCF Global Capital by 379.5% during the fourth 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. Deutsche Bank AG lifted its stake 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 worth $54,000 after acquiring an additional 151,529 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of XCF Global Capital in the fourth quarter worth about $42,000. Finally, State Street Corp boosted its holdings in XCF Global Capital by 37.3% in the fourth quarter. State Street Corp now owns 256,448 shares of the company’s stock valued at $70,000 after purchasing an additional 69,698 shares during the last quarter. Hedge funds and other institutional investors own 52.34% of the company’s stock.

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.