XCF Global Capital (NASDAQ:SAFX) Upgraded at Wall Street Zen

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

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

XCF Global Capital Price Performance

SAFX opened at $0.37 on Friday. The firm has a fifty day moving average price of $0.40 and a 200 day moving average price of $0.43. XCF Global Capital has a 1 year low of $0.12 and a 1 year high of $1.44. The stock has a market cap of $152.70 million, a P/E ratio of -1.96 and a beta of -0.30.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in XCF Global Capital stock. Simplify Asset Management Inc. acquired a new position in shares of XCF Global Capital, Inc. (NASDAQ:SAFX) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 188,857 shares of the company’s stock, valued at approximately $69,000. Simplify Asset Management Inc. owned approximately 0.07% of XCF Global Capital at the end of the most recent quarter. 52.34% of the stock is owned by institutional investors.

About XCF Global Capital

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.