XCF Global Capital (NASDAQ:SAFX) Trading Down 18.4% – Should You Sell?

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

Analyst Ratings Changes

Several research analysts have weighed in on SAFX shares. Wall Street Zen upgraded shares of XCF Global Capital to a “hold” rating in a report on Saturday, April 11th. Roth Mkm reissued a “neutral” rating on shares of XCF Global Capital in a research report on Monday, April 13th. Zacks Research raised shares of XCF Global Capital to a “hold” rating in a research report on Thursday, March 19th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $0.40.

XCF Global Capital Price Performance

The firm has a market capitalization of $113.07 million, a P/E ratio of -0.50 and a beta of -0.34. The firm’s 50-day moving average is $0.46.

XCF Global Capital (NASDAQ:SAFX) last issued its quarterly 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 negative return on equity of 588.22% and a net margin of 300.85%.The company had revenue of $0.35 million during the quarter. As a group, analysts expect that XCF Global Capital, Inc. will post -0.19 earnings per share for the current fiscal year.

Insider Transactions at XCF Global Capital

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 transaction of $2,050,000.00. Following the sale, the insider directly owned 72,383,239 shares of the company’s stock, valued at $29,677,127.99. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of XCF Global Capital

Several hedge funds and other institutional investors have recently modified their holdings of SAFX. Polar Asset Management Partners Inc. lifted its stake in shares of XCF Global Capital by 51.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock valued at $582,000 after buying an additional 720,000 shares in the last quarter. Geode Capital Management LLC grew its position in 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. State Street Corp increased its position in shares of XCF Global Capital by 37.3% in the fourth quarter. State Street Corp now owns 256,448 shares of the company’s stock worth $70,000 after purchasing an additional 69,698 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of XCF Global Capital in the 4th quarter worth $64,000. Finally, Deutsche Bank AG raised its position in 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 in the last quarter. Institutional investors own 52.34% of the company’s stock.

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.