XCHG (NASDAQ:XCH) Stock Set to Reverse Split on Friday, August 21st

XCHG Limited (NASDAQ:XCH) shares are going to reverse split before the market opens on Friday, August 21st. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, August 20th.

XCHG Stock Performance

XCHG stock opened at $0.28 on Friday. The stock has a market capitalization of $20.41 million, a price-to-earnings ratio of -3.52 and a beta of -1.02. XCHG has a 52-week low of $0.23 and a 52-week high of $2.50. The stock’s 50 day moving average price is $0.63 and its two-hundred day moving average price is $0.91.

Analysts Set New Price Targets

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

About XCHG

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.