XCF Global Capital (NASDAQ:SAFX) Downgraded by Wall Street Zen to Sell

XCF Global Capital (NASDAQ:SAFX) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently commented on SAFX. Roth Mkm reiterated a “neutral” rating on shares of XCF Global Capital in a report on Monday, April 13th. Zacks Research raised XCF Global Capital to a “hold” rating in a research note on Thursday, March 19th. HC Wainwright assumed coverage on XCF Global Capital in a research report on Tuesday. They issued a “buy” rating and a $1.00 target price on the stock. Finally, Weiss Ratings upgraded XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $0.70.

XCF Global Capital Stock Down 31.4%

NASDAQ:SAFX opened at $0.36 on Friday. The firm has a market cap of $119.32 million, a price-to-earnings ratio of -0.53 and a beta of -0.34. The company has a 50-day moving average price of $0.42. XCF Global Capital has a 1-year low of $0.12 and a 1-year high of $3.59.

XCF Global Capital (NASDAQ:SAFX) last announced 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). The firm had revenue of $0.35 million for the quarter. XCF Global Capital had a negative return on equity of 588.22% and a net margin of 300.85%. Sell-side analysts anticipate that XCF Global Capital will post -0.16 EPS for the current year.

Insider Buying and Selling at XCF Global Capital

In related news, major shareholder Randy Soule sold 9,000,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were 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 owned 63,805,455 shares of the company’s stock, valued at approximately $21,693,854.70. This trade represents a 12.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Trading of XCF Global Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of XCF Global Capital by 37.3% during the fourth quarter. State Street Corp now owns 256,448 shares of the company’s stock worth $70,000 after buying an additional 69,698 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of XCF Global Capital by 379.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company’s stock valued at $33,000 after buying an additional 95,596 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of XCF Global Capital by 315.7% in the 4th quarter. Deutsche Bank AG now owns 199,524 shares of the company’s stock valued at $54,000 after buying an additional 151,529 shares during the period. Jane Street Group LLC purchased a new stake in shares of XCF Global Capital in the 4th quarter valued at $42,000. Finally, Simplify Asset Management Inc. acquired a new position in XCF Global Capital during the 1st quarter worth about $69,000. 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.