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

XCF Global Capital (NASDAQ:SAFX) released its quarterly earnings data on Friday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), Zacks reports. The firm had revenue of $0.35 million for the quarter.

XCF Global Capital Stock Down 5.0%

NASDAQ SAFX traded down $0.02 during mid-day trading on Friday, reaching $0.42. 2,915,479 shares of the stock were exchanged, compared to its average volume of 14,068,782. The business has a 50 day simple moving average of $0.43. XCF Global Capital has a 1 year low of $0.12 and a 1 year high of $45.90. The stock has a market cap of $114.89 million, a P/E ratio of -0.68 and a beta of -0.43.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SAFX. Roth Mkm reiterated a “neutral” rating on shares of XCF Global Capital in a research note on Monday, April 13th. Wall Street Zen raised shares of XCF Global Capital to a “hold” rating in a report on Saturday, April 11th. Zacks Research raised shares of XCF Global Capital to a “hold” rating in a report on Thursday, March 19th. Finally, Weiss Ratings raised shares of XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, XCF Global Capital presently has a consensus rating of “Reduce” and an average price target of $0.40.

Insider Transactions at XCF Global Capital

In related news, major shareholder Randy Soule sold 9,000,000 shares of the stock in a transaction on Thursday, April 30th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.12% of the company’s stock.

Institutional Trading of XCF Global Capital

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position 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 valued at $33,000 after purchasing an additional 95,596 shares during the period. Jane Street Group LLC acquired a new stake in shares of XCF Global Capital in the fourth quarter valued at about $42,000. Deutsche Bank AG grew its position 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 valued at $54,000 after purchasing an additional 151,529 shares during the period. State Street Corp grew its position in shares of XCF Global Capital by 37.3% in the fourth quarter. State Street Corp now owns 256,448 shares of the company’s stock valued at $70,000 after purchasing an additional 69,698 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of XCF Global Capital by 20.5% in the fourth quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock valued at $321,000 after purchasing an additional 200,147 shares during the period. Institutional investors and hedge funds own 52.34% of the company’s stock.

XCF Global Capital Company Profile

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.