XCF Global Capital (NASDAQ:SAFX) Posts Earnings Results, Misses Expectations By $0.02 EPS

XCF Global Capital (NASDAQ:SAFX) announced its earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), Zacks reports.

XCF Global Capital Stock Performance

Shares of XCF Global Capital stock traded down $0.02 during trading on Friday, reaching $0.42. The company had a trading volume of 2,915,479 shares, compared to its average volume of 14,068,782. The firm has a market capitalization of $114.89 million, a P/E ratio of -0.68 and a beta of -0.43. The firm’s fifty day simple moving average is $0.43. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $45.90.

Analyst Ratings Changes

SAFX has been the topic of several research analyst reports. Wall Street Zen raised XCF Global Capital to a “hold” rating in a research note on Saturday, April 11th. Zacks Research raised XCF Global Capital to a “hold” rating in a research note on Thursday, March 19th. Weiss Ratings upgraded shares of XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, Roth Mkm restated a “neutral” rating on shares of XCF Global Capital in a report on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $0.40.

Insider Activity

In related news, major shareholder Randy Soule sold 9,000,000 shares of the company’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 sale, the insider directly owned 63,805,455 shares of the company’s stock, valued at approximately $21,693,854.70. This represents a 12.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SAFX. Polar Asset Management Partners Inc. grew its position in XCF Global Capital by 51.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock worth $582,000 after purchasing an additional 720,000 shares during the last quarter. Geode Capital Management LLC grew its position in XCF Global Capital by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock worth $321,000 after purchasing an additional 200,147 shares during the last quarter. Jane Street Group LLC bought a new position in XCF Global Capital in the 4th quarter worth about $42,000. Deutsche Bank AG grew its stake in shares of XCF Global Capital by 315.7% in the fourth quarter. Deutsche Bank AG now owns 199,524 shares of the company’s stock worth $54,000 after purchasing an additional 151,529 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of XCF Global Capital by 379.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company’s stock worth $33,000 after purchasing an additional 95,596 shares in the last quarter. 52.34% of the stock is currently 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.