XCHG Stock Scheduled to Reverse Split on Friday, August 14th (NASDAQ:XCH)

XCHG Limited (NASDAQ:XCH) shares are set to reverse split on the morning of Friday, August 14th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, August 13th.

XCHG Price Performance

XCH stock opened at $0.43 on Thursday. The business’s 50-day moving average is $0.64 and its two-hundred day moving average is $0.92. The firm has a market capitalization of $31.16 million, a P/E ratio of -5.37 and a beta of -1.02. XCHG has a 1 year low of $0.30 and a 1 year high of $2.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XCHG in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, XCHG currently has a consensus rating of “Reduce”.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.