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

XCF Global Capital, Inc. (NASDAQ:SAFX)’s stock price traded down 18.4% during mid-day trading on Friday . The company 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.

Analyst Ratings Changes

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

XCF Global Capital Price Performance

The firm has a market cap of $113.07 million, a PE ratio of -0.50 and a beta of -0.34. The business’s 50-day moving average is $0.46.

XCF Global Capital (NASDAQ:SAFX) last posted its earnings results on Friday, May 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $0.35 million during the quarter. XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%. On average, analysts anticipate that XCF Global Capital, Inc. will post -0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other XCF Global Capital news, major shareholder Randy Soule sold 5,000,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $0.41, for a total value of $2,050,000.00. Following the completion of the sale, the insider directly owned 72,383,239 shares of the company’s stock, valued at approximately $29,677,127.99. This represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On XCF Global Capital

A number of institutional investors and hedge funds have recently bought and sold shares of SAFX. Goldman Sachs Group Inc. lifted its holdings in XCF Global Capital by 379.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company’s stock valued at $33,000 after acquiring an additional 95,596 shares during the last quarter. Jane Street Group LLC acquired a new stake in XCF Global Capital in the 4th quarter valued at about $42,000. Deutsche Bank AG lifted its holdings in 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 acquiring an additional 151,529 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in XCF Global Capital in the 4th quarter valued at about $64,000. Finally, Simplify Asset Management Inc. acquired a new stake in XCF Global Capital in the 1st quarter valued at about $69,000. 52.34% of the stock is owned by institutional investors and hedge funds.

About XCF Global Capital

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.