XCF Global Capital (NASDAQ:SAFX) Upgraded by Wall Street Zen to “Hold” Rating

XCF Global Capital (NASDAQ:SAFX) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

A number of other research analysts also recently issued reports on SAFX. Zacks Research upgraded XCF Global Capital to a “hold” rating in a report on Thursday, March 19th. Weiss Ratings raised XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. HC Wainwright assumed coverage on shares of XCF Global Capital in a report on Tuesday, June 23rd. They issued a “buy” rating and a $1.00 price objective on the stock. Finally, Roth Capital reaffirmed a “neutral” rating on shares of XCF Global Capital in a research report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, XCF Global Capital presently has a consensus rating of “Hold” and an average price target of $0.70.

XCF Global Capital Stock Performance

SAFX traded up $0.03 during trading on Friday, reaching $0.55. The company had a trading volume of 8,443,056 shares, compared to its average volume of 4,438,712. XCF Global Capital has a 12 month low of $0.12 and a 12 month high of $2.10. The company’s fifty day moving average price is $0.43. The stock has a market capitalization of $184.37 million, a P/E ratio of -0.82 and a beta of -0.32.

XCF Global Capital (NASDAQ:SAFX) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $0.35 million for the quarter. XCF Global Capital had a negative return on equity of 588.22% and a net margin of 300.85%. On average, research analysts expect that XCF Global Capital will post -0.16 EPS for the current fiscal year.

Insider Activity at XCF Global Capital

In related news, major shareholder Randy Soule sold 9,000,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $0.34, for a total transaction of $3,060,000.00. Following the transaction, the insider directly owned 63,805,455 shares of the company’s stock, valued at approximately $21,693,854.70. The trade was a 12.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On XCF Global Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of XCF Global Capital by 20.5% in the fourth quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock valued at $321,000 after purchasing an additional 200,147 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of XCF Global Capital by 379.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company’s stock worth $33,000 after buying an additional 95,596 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of XCF Global Capital by 315.7% during the 4th quarter. Deutsche Bank AG now owns 199,524 shares of the company’s stock worth $54,000 after buying an additional 151,529 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of XCF Global Capital during the 4th quarter worth about $42,000. Finally, State Street Corp boosted its holdings 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 worth $70,000 after buying an additional 69,698 shares during the period. 52.34% of the stock is owned by 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.