XCF Global Capital (NASDAQ:SAFX) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of XCF Global Capital (NASDAQ:SAFX) to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of XCF Global Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. HC Wainwright started coverage on shares of XCF Global Capital in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $1.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, XCF Global Capital presently has a consensus rating of “Hold” and a consensus price target of $0.70.

XCF Global Capital Price Performance

Shares of SAFX opened at $0.37 on Friday. The firm has a market cap of $153.28 million, a P/E ratio of -1.96 and a beta of -0.30. The stock has a 50 day simple moving average of $0.40 and a two-hundred day simple moving average of $0.43. XCF Global Capital has a 1 year low of $0.12 and a 1 year high of $1.44.

XCF Global Capital (NASDAQ:SAFX) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $0.69 million for the quarter. XCF Global Capital had a negative net margin of 397.43% and a negative return on equity of 230.36%. On average, equities analysts anticipate that XCF Global Capital will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On XCF Global Capital

A hedge fund recently bought a new stake in XCF Global Capital stock. Simplify Asset Management Inc. acquired a new stake in shares of XCF Global Capital, Inc. (NASDAQ:SAFX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 188,857 shares of the company’s stock, valued at approximately $69,000. Simplify Asset Management Inc. owned 0.07% of XCF Global Capital as of its most recent filing with the Securities and Exchange Commission (SEC). 52.34% of the stock is owned by institutional investors.

XCF Global Capital Company Profile

XCF Global Capital, Inc (NASDAQ: SAFX) is a company focused on developing and producing sustainable aviation fuel (SAF). Its business centers on technologies designed to convert captured carbon dioxide and renewable hydrogen into synthetic fuel intended for use in aviation.

The company’s activities include the development, commercialization and potential scaling of fuel-production facilities and related processes. Its products are aimed at helping airlines and other aviation-industry participants reduce reliance on conventional petroleum-based jet fuel and lower the carbon intensity of air travel.

XCF Global Capital operates in the emerging clean-energy and alternative-fuels sector.