XCHG (NASDAQ:XCH) Trading Down 10.5% – Should You Sell?

XCHG Limited (NASDAQ:XCH) shares fell 10.5% during mid-day trading on Wednesday . The stock traded as low as $0.6801 and last traded at $0.7071. Approximately 48,361 shares were traded during trading, a decline of 96% from the average daily volume of 1,233,019 shares. The stock had previously closed at $0.79.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XCHG in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

XCHG Trading Down 10.5%

The stock’s 50-day moving average is $0.78 and its 200-day moving average is $1.02. The stock has a market cap of $51.29 million, a P/E ratio of -8.84 and a beta of -1.23.

XCHG (NASDAQ:XCH) last released its earnings results on Monday, April 27th. The company reported ($0.18) EPS for the quarter. The business had revenue of $6.32 million for the quarter. On average, equities analysts forecast that XCHG Limited will post -0.15 EPS for the current year.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.