X3 Stock Set to Reverse Split on Thursday, March 5th (NASDAQ:XTKG)

X3 Holdings Co., Ltd. (NASDAQ:XTKG) shares are scheduled to reverse split on the morning of Thursday, March 5th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, March 4th.

X3 Stock Performance

Shares of X3 stock opened at $0.05 on Friday. X3 has a twelve month low of $0.04 and a twelve month high of $16.32. The business has a 50-day moving average price of $0.48 and a 200 day moving average price of $7.27.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XTKG shares. Wall Street Zen downgraded X3 to a “strong sell” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of X3 in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, X3 has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X3 stock. Yorkville Advisors Global LP bought a new position in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,831 shares of the company’s stock, valued at approximately $30,000. Yorkville Advisors Global LP owned approximately 0.13% of X3 as of its most recent SEC filing. 1.85% of the stock is owned by institutional investors and hedge funds.

About X3

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.