XCHG (NASDAQ:XCH) Releases Quarterly Earnings Results

XCHG (NASDAQ:XCH) issued its quarterly earnings data on Friday. The company reported ($0.08) earnings per share for the quarter, FiscalAI reports. The company had revenue of $5.14 million for the quarter.

XCHG Stock Down 0.9%

Shares of XCH traded down $0.03 during trading hours on Friday, hitting $3.20. The company had a trading volume of 3,828 shares, compared to its average volume of 18,632. The stock’s 50 day moving average price is $1,998.71 and its 200 day moving average price is $5,596.86. The firm has a market cap of $13.04 million, a P/E ratio of -2.00 and a beta of -1.24. XCHG has a 52-week low of $2.81 and a 52-week high of $49.98.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XCHG in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

About XCHG

XCHG Limited (NASDAQ: XCH) is an electric vehicle charging technology company that develops and operates charging infrastructure and related software. Its business is focused on supporting the growing adoption of electric vehicles through charging solutions for commercial and passenger vehicles.

The company’s offerings include charging hardware, charging-network management software, and associated services designed to help businesses and other customers deploy, manage, and use electric vehicle charging stations.