XCF Global Capital (NASDAQ:SAFX) Trading Down 18.4% – Here’s What Happened

XCF Global Capital, Inc. (NASDAQ:SAFX) shares fell 18.4% during mid-day trading on Friday . The stock traded as low as $0.34 and last traded at $0.34. 6,984,283 shares were traded during mid-day trading, an increase of 79% from the average session volume of 3,891,202 shares. The stock had previously closed at $0.4165.

Analysts Set New Price Targets

SAFX has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Zacks Research raised shares of XCF Global Capital to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen raised shares of XCF Global Capital to a “hold” rating in a research note on Saturday, April 11th. Finally, Roth Mkm reaffirmed a “neutral” rating on shares of XCF Global Capital in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, XCF Global Capital currently has an average rating of “Reduce” and a consensus price target of $0.40.

XCF Global Capital Stock Performance

The stock has a market cap of $113.07 million, a PE ratio of -0.50 and a beta of -0.34. The business’s fifty day simple moving average is $0.46.

XCF Global Capital (NASDAQ:SAFX) last issued its earnings results on Friday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%. The firm had revenue of $0.35 million during the quarter. As a group, equities analysts expect that XCF Global Capital, Inc. will post -0.19 EPS for the current fiscal year.

Insider Activity at XCF Global Capital

In other news, major shareholder Randy Soule sold 9,000,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $0.34, for a total value of $3,060,000.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On XCF Global Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake 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 valued at $33,000 after purchasing an additional 95,596 shares during the period. Jane Street Group LLC purchased a new stake in shares of XCF Global Capital during the fourth quarter valued at approximately $42,000. Deutsche Bank AG raised its stake in shares of XCF Global Capital by 315.7% during the fourth quarter. Deutsche Bank AG now owns 199,524 shares of the company’s stock valued at $54,000 after purchasing an additional 151,529 shares during the period. J. Derek Lewis & Associates Inc. purchased a new stake in shares of XCF Global Capital during the fourth quarter valued at approximately $64,000. Finally, Simplify Asset Management Inc. purchased a new stake in shares of XCF Global Capital during the first quarter valued at approximately $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.