Roth Mkm Initiates Coverage on XCF Global Capital (NASDAQ:SAFX)

Roth Mkm started coverage on shares of XCF Global Capital (NASDAQ:SAFX) in a research report issued on Wednesday. The brokerage set a “neutral” rating and a $0.40 price target on the stock. Roth Mkm’s target price suggests a potential upside of 13.93% from the company’s current price.

Separately, Weiss Ratings assumed coverage on shares of XCF Global Capital in a research note on Wednesday, January 14th. They issued a “sell (d-)” rating for the company. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $0.40.

XCF Global Capital Price Performance

NASDAQ SAFX opened at $0.35 on Wednesday. The stock has a market cap of $73.14 million, a PE ratio of -0.58 and a beta of -0.13. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $45.90. The business has a 50 day moving average of $0.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.09 and a current ratio of 0.11.

Insider Activity at XCF Global Capital

In related news, major shareholder Randy Soule sold 1,000,000 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $0.16, for a total value of $160,000.00. Following the completion of the transaction, the insider owned 76,628,648 shares of the company’s stock, valued at approximately $12,260,583.68. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On XCF Global Capital

Several hedge funds and other institutional investors have recently bought and sold shares of SAFX. Polar Asset Management Partners Inc. raised its position in shares of XCF Global Capital by 51.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock valued at $582,000 after purchasing an additional 720,000 shares in the last quarter. State Street Corp boosted its stake in shares of XCF Global Capital by 37.3% during the 4th quarter. State Street Corp now owns 256,448 shares of the company’s stock valued at $70,000 after buying an additional 69,698 shares during the last quarter. Deutsche Bank AG grew its position 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 worth $54,000 after buying an additional 151,529 shares in the last quarter. Geode Capital Management LLC grew its position in shares of XCF Global Capital by 20.5% during the fourth quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock worth $321,000 after buying an additional 200,147 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of XCF Global Capital in the fourth quarter worth $42,000. 52.34% of the stock is currently owned by hedge funds and other institutional investors.

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.