XELA Stock Summary and Trading Ideas (Exela Technologies | NASDAQ:XELA)

Exela Technologies Inc is a business process automation (BPA) leader combining industry-specific and multi-industry enterprise software and solutions. The company's BPA suite of solutions is deployed in banking, healthcare, insurance, and other industries. The company's segment includes Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal and Loss Prevention Services (LLPS). It generates maximum revenue from the ITPS segment.

Exela Technologies trades on the NASDAQ stock market under the symbol XELA.

As of April 25, 2024, XELA stock price climbed to $1.99 with 80,581 million shares trading.

XELA has a beta of 2.47, meaning it tends to be more sensitive to market movements. XELA has a correlation of 0.12 to the broad based SPY ETF.

XELA has a market cap of $12.68 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, XELA stock traded as high as $21,800.00 and as low as $1.83.

The top ETF exchange traded funds that XELA belongs to (by Net Assets): VXF.

XELA has underperformed the market in the last year with a price return of -74.9% while the SPY ETF gained +23.6%. XELA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.1% and -18.1%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

XELA support price is $1.80 and resistance is $2.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XELA stock will trade within this expected range on the day.