XELA Stock Alert: Exela Falls on 1-for-20 Reverse Split

InvestorPlace2023-05-15

Exela Technologies (XELA) stock is sinking for a second straight day. The company carried out a 1-for-200 reverse split on Friday. Exela generated revenue of $1.077 billion last year, and its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

eugina
2023-05-17
eugina
nonsense!!! keep reverse n reverse until i got zero. how could this be like this investor.

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2335996608?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-15 22:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2335996608","market":"us","top_or_hot":-1,"title":"XELA Stock Alert: Exela Falls on 1-for-20 Reverse Split","media":"InvestorPlace","content":"<div>\n<p>Exela Technologies (XELA) stock is sinking for a second straight day.\nThe company carried out a 1-for-200 reverse split on Friday.\nExela generated revenue of $1.077 billion last year, and its ...</p>\n\n<a href=\"https://investorplace.com/2023/05/xela-stock-alert-exela-falls-on-1-for-20-reverse-split/\">Source Link</a>\n\n</div>\n","source":"investorplace","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XELA Stock Alert: Exela Falls on 1-for-20 Reverse Split</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXELA Stock Alert: Exela Falls on 1-for-20 Reverse Split\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-15 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/05/xela-stock-alert-exela-falls-on-1-for-20-reverse-split/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Exela Technologies (XELA) stock is sinking for a second straight day.\nThe company carried out a 1-for-200 reverse split on Friday.\nExela generated revenue of $1.077 billion last year, and its ...</p>\n\n<a href=\"https://investorplace.com/2023/05/xela-stock-alert-exela-falls-on-1-for-20-reverse-split/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0433182093.SGD","symbol_name":"First Eagle Amundi International AS-C SGD","start_time":0,"source_url":"https://investorplace.com/2023/05/xela-stock-alert-exela-falls-on-1-for-20-reverse-split/","article_id":"2335996608","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2335996608","pubTimestamp":1684160400,"sourceInfo":{"source_id":"investorplace","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Exela Technologies (XELA) stock is sinking for a second straight day.\nThe company carried out a 1-fo","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","BK4503":"景林资产持仓","BK4552":"Archegos爆仓风波概念","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4510":"在线教育","SG9999002232.USD":"Allianz Global High Payout USD","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","SG9999002224.SGD":"Allianz Global High Payout SGD","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","XELA":"Exela Technologies, Inc.","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4127":"投资银行业与经纪业","XOM":"埃克森美孚","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","BK4201":"综合性石油与天然气企业","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4516":"特朗普概念","BK4106":"数据处理与外包服务","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","RILY":"B. Riley Financial, Inc.","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","BK4570":"地缘局势概念股","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","BK4204":"教育服务","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","BK4585":"ETF&股票定投概念","LU0122376428.USD":"贝莱德世界能源基金A2","SG9999014542.SGD":"United Income Focus Trust Acc SGD","BK4534":"瑞士信贷持仓","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC"},"translate_title":"XELA股票预警：Exela以1比20的反向拆分下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XELA":1,"RILY":1,"XOM":0.6},"content_text":"Exela Technologies (XELA) stock is sinking for a second straight day.\nThe company carried out a 1-for-200 reverse split on Friday.\nExela generated revenue of $1.077 billion last year, and its operations burned $87.2 million of cash.\n\n\n\n\n\n \n\nSource: PopTika/Shutterstock\n\n\n\nExela Technologies (NASDAQ:XELA) stock is sinking 8% in early trading after the company carried out a reverse split on Friday after the market close. The shares tumbled 18.3% on Friday to 2.5 cents.\nExela develops and markets process automation software that enhances “finance & accounting, human capital management … and legal management.” XELA stock has often been a meme name in the past.\nExela carried out a 1-for-200 reverse split on Friday. In the wake of the split, XELA stock was changing hands for $4.43 each in pre-market trading earlier this morning. Following the split, there are about 6.4 million shares of XELA stock “issued and outstanding,” the company noted.\n\n\n\n\n\n\nAdditional Information About Exela\nIn March, the company disclosed that it had obtained $51 million of additional credit from investment bank B. Riley (NASDAQ:RILY). Following the deal, Exela’s “existing securitization facility” reached $185 million.\nAs of the end of last year, XELA had just $9.9 million of cash and short-term investments, but it reported having $136.7 million of current debt and $146.2 million of accrued expenses.\nIn 2022, the company generated revenue of $1.077 billion, net income of -$415.6 million, and EBITDA of $13.1 million. Its operations burned $87.2 million of cash last year.\nOn May 11, it reported that its top line had dropped 2.1% year-over-year to $273.6 million in the first quarter, while its EBITDA, excluding certain items, had come in at $34.7 million in Q1. However, it generated an operating loss of $7.3 million.\nAccording to Seeking Alpha, XELA stock has a market capitalization of $6.37 billion, putting its trailing price-to-sales (P/S) ratio at a very high 6.22.\nOn the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\nLarry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel’s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been PLUG, XOM and solar stocks. You can reach him on Stocktwits at @larryramer.\n\n\nMeme Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/05/xela-stock-alert-exela-falls-on-1-for-20-reverse-split/.\n©2023 InvestorPlace Media, LLC\n\n\n\n\nSponsored Headlines","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9970870892,"gmtCreate":1684325485816,"gmtModify":1684325491862,"author":{"id":"3563066431731963","authorId":"3563066431731963","name":"eugina","avatar":"https://static.tigerbbs.com/ff20651010033b12fb6926344dac6453","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3563066431731963","authorIdStr":"3563066431731963"},"htmlText":"nonsense!!! keep&nbsp;reverse n reverse until i got zero. how could this be like this investor.","listText":"nonsense!!! keep&nbsp;reverse n reverse until i got zero. how could this be like this investor.","text":"nonsense!!! keep reverse n reverse until i got zero. how could this be like this investor.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970870892","repostId":2335996608,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2335996608"}