XPEL (NASDAQ:XPEL) Stock Jumps 4.9% – Time to Buy?

XPEL, Inc. (NASDAQ:XPEL)’s stock price rose 4.9% during trading on Tuesday. The stock traded as high as $40.09 and last traded at $39.8550. 146,732 shares changed hands during trading, a decline of 40% from the average session volume of 243,793 shares. The stock had previously closed at $38.01.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XPEL. B. Riley Financial increased their target price on shares of XPEL from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Freedom Capital upgraded XPEL from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Zacks Research lowered XPEL from a “hold” rating to a “strong sell” rating in a research report on Friday. Finally, Weiss Ratings upgraded XPEL from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.00.

XPEL Stock Up 5.2%

The company has a current ratio of 2.56, a quick ratio of 1.14 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.10 billion, a P/E ratio of 19.12 and a beta of 1.20. The company’s fifty day simple moving average is $44.96 and its 200 day simple moving average is $45.88.

XPEL (NASDAQ:XPEL) last posted its earnings results on Wednesday, November 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $137.81 million during the quarter, compared to analysts’ expectations of $138.75 million. XPEL had a net margin of 11.17% and a return on equity of 19.39%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. Research analysts expect that XPEL, Inc. will post 2.02 EPS for the current year.

Institutional Trading of XPEL

Institutional investors and hedge funds have recently bought and sold shares of the stock. Polar Asset Management Partners Inc. purchased a new position in XPEL in the 1st quarter worth about $5,400,000. Corient Private Wealth LP bought a new position in XPEL during the 2nd quarter valued at about $1,043,000. JB Capital Partners LP purchased a new stake in shares of XPEL during the 2nd quarter valued at about $1,240,000. Bank of America Corp DE purchased a new stake in shares of XPEL during the 2nd quarter valued at about $3,427,000. Finally, SCS Capital Management LLC purchased a new stake in shares of XPEL during the 2nd quarter valued at about $61,580,000. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

XPEL Company Profile

XPEL, Inc. develops and distributes protective films, coatings and related products for vehicles and buildings. Its automotive offerings include paint protection film, window tint and ceramic coatings designed to help protect vehicle surfaces and interiors. The company also serves the architectural market with films for glass and other building surfaces. XPEL supports product installation through a network of dealers and installers, along with training, installation tools and its Design Access Program software, which provides digital patterns for cutting protective films.