XCHG Stock to Reverse Split on Friday, August 14th (NASDAQ:XCH)

Shares of XCHG Limited (NASDAQ:XCH) are scheduled to reverse split on the morning of Friday, August 14th. 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 13th.

XCHG Price Performance

XCH opened at $0.28 on Monday. The company has a market capitalization of $22.94 million, a price-to-earnings ratio of -3.52 and a beta of -1.01. The firm has a 50-day moving average price of $0.63 and a 200-day moving average price of $0.91. XCHG has a twelve month low of $0.23 and a twelve month high of $2.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XCHG in a report on Wednesday, July 8th. One equities 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, the stock 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.