Maxim Group Analysts Give Xplore Technologies (XPLR) a $6.00 Price Target

Xplore Technologies (NASDAQ:XPLR) received a $6.00 target price from Maxim Group in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the technology company’s stock. Maxim Group’s target price suggests a potential upside of 100.67% from the stock’s previous close.

A number of other research analysts have also commented on the stock. ValuEngine lowered shares of Xplore Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Xplore Technologies from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 11th.

Shares of Xplore Technologies (NASDAQ XPLR) traded down $0.22 on Thursday, hitting $2.99. 46,512 shares of the stock were exchanged, compared to its average volume of 50,665. The firm has a market capitalization of $32.95, a price-to-earnings ratio of 99.67, a P/E/G ratio of 9.37 and a beta of 0.93. Xplore Technologies has a 1-year low of $1.54 and a 1-year high of $4.20.

Xplore Technologies (NASDAQ:XPLR) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $22.75 million during the quarter, compared to analyst estimates of $20.00 million. Xplore Technologies had a net margin of 0.44% and a return on equity of 1.24%. research analysts predict that Xplore Technologies will post 0.03 EPS for the current year.

In related news, VP Randy W. Denny acquired 10,300 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was acquired at an average price of $3.00 per share, with a total value of $30,900.00. Following the completion of the transaction, the vice president now owns 300 shares of the company’s stock, valued at $900. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Wiley Wilkinson purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $3.35 per share, with a total value of $25,125.00. Following the transaction, the chief executive officer now directly owns 37,865 shares of the company’s stock, valued at $126,847.75. The disclosure for this purchase can be found here. Insiders have bought 44,203 shares of company stock valued at $131,976 in the last ninety days. 13.20% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new position in Xplore Technologies in the third quarter worth about $212,000. JPMorgan Chase & Co. acquired a new position in Xplore Technologies in the third quarter worth about $121,000. Finally, Macquarie Group Ltd. acquired a new position in Xplore Technologies in the third quarter worth about $153,000. 20.43% of the stock is owned by hedge funds and other institutional investors.

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Xplore Technologies Company Profile

Xplore Technologies Corp. (Xplore) is engaged in the development, integration and marketing of rugged mobile personal computers (PCs). The Company’s rugged tablet PCs are designed to withstand various conditions, such as extreme temperatures, driving rain, repeated vibrations, dirt, dust and concussive shocks.

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