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  • Exela Technologies, Inc. (XELA) surged in the current market; here is why?

    Exela Technologies, Inc. (XELA) surged in the current market; here is why?

    Exela Technologies, Inc. (XELA) gained in the current market after the company announced an increase in Exchange Offer Consideration for Common Stock to $1.25 of New Notes per Share. XELA values at $0.86 in the current market, gaining more than 6.82% compared to yesterday’s closed price. The stock closed at around $0.81 at the end of the previous trading session with a trading volume of approximately 51.62 million shares.

    Exela Technologies, Inc. (XELA) increased in Exchange Offer

    Exela Technologies, Inc. (XELA) is a multinational BPM company. SourceHOV LCC, Novitex Holdings, Inc., and Quinpario Acquisition Corp. merged to form it.

    Exela Technologies, Inc. (XELA) announced in a press release today that it has revised its previously announced offer to swap up to 100,000,000 shares of its Common Stock for unsecured 6.00 percent senior notes due 2029. Since each share of Common Stock is now worth $1.25 instead of $1.00, the total value offered per share is now $1.25 as well.

    The exchange of Common Stock for New Notes is now available in 20-share increments for $25 in New Notes for shareholders. On January 25, 2022, the stock closed at $0.55, representing a 127 percent premium. There will be a 30 percent reduction in the total number of shares when the tenders are accepted. Due to the increased price for the exchange, only 20-share lots of Common Stock may be offered and up to $125,000,000 in New Notes may be given.

    Exela Technologies, Inc. (XELA) lost around 70% in the last 12 months

    Price records contain a stock’s low and high price history over a 52-week period. In the last 52 weeks, Exela Technologies Inc. shares have fallen by 70 percent, yet it has risen by 130 percent from their lowest price point of $0.35. There was no significant change in the stock’s 52-week price range, which remained between $0.35 and $7.82.

    Exela Technologies, Inc. (XELA) shares reached a trading volume of over 51.62 million yesterday, much greater than the shares’ usual daily volumes. If we look at Exela Technologies YTD’s metrics, we see that the company has performed in the has declined market 1.38%, with revenues showing an annual decrease of 59.72%. The market cap of Exela Technologies is $159.59 million right now.

    Conclusion

    Exela Technologies, Inc. (XELA) has lost significant value in the trailing twelve months. The current exchange offer shows that the company is keen on increasing the stock value. They also have to meet the NASDAQ’s compliance of keeping the stock value above $1 per share.

  • Exela Technologies, Inc. (XELA) stock is experiencing a decrease of 6.38% – Learn more!

    Exela Technologies, Inc. (XELA) experienced a decrease of 6.38% in the aftermarket following the announcement of report publishing by the Wall Street Reporter. However, the last trading session closed at $0.8599 with an increase of 26.83%.

    Wall Street Reporter – What does the report say?

    XELA reported on 1st February 2022 that Wall Street Reporter has published reports regarding the views of the company’s CEO. Developing megatrends and technology are generating trillion-dollar potential for radical technologies in the way people live, work, and play. The latest insights from industry thought leaders affecting society today and in the decade’s future are highlighted by the Wall Street Reporter.

    XELA CEO’s View Point – Report Revealed!

    According to the CEO, Exela is a global leader in BPM technology. At $207 billion and increasing, the total market potential is enormous. Furthermore, in the SMB sector, there are further growth prospects in digital asset groups or DAGs. Moreover, XELA has a strong competitive influence in the market, which is backed up by significant technological investments and several patents. Furthermore, to increase cloud utilization, XELA has developed a strategy. Many of the platforms, such as intelligent data processing and work-from-anywhere initiatives, are propelling rapid cloud adoption.

    By the end of 2022, the executives expect that all customers and workers will have used the cloud. This is an increase from the previous quarter’s 30%. Aside from COVID-19-related revenue concerns, XELA is witnessing excellent momentum across the board. Not only this but in today’s environment, Exela occupies a strong position. A strengthened balance sheet, which includes equity offerings, debt repurchase, and debt refinancing, improved the liquidity position. Exela will take advantage of the rising global TAM, and this has only been possible because of its better financial position and ongoing operational improvements. Last but not the least, he thinks that XELA has the technology, a long history, and a strong staff base to back up the goal for 2022.

  • How Could This Cause Exela Technologies (XELA) Stock To Rise Premarket?

    In Tuesday’s premarket session, shares of Exela Technologies Inc. (XELA) were trading at $2.82, up 14.63%. At the close of the last trading session, Exela stock was trading at $2.46 with an increase of 1.23%. A total of 25.11 million shares of Exela Technologies were traded on Monday, below the 75.72 million shares traded on average during the last 50 days.

    Over the last one month, the XELA stock has increased 86.36%, while the shares of Exela Technologies have fallen -19.34% over the last five days. XELA stock price has risen 18.27% over the past three months and has gained 97.45 percent so far this year. XELA stock is gaining premarket following record user addition in Q2 2021.

    How did XELA add record-breaking numbers of new users?

    Exela Technologies is a provider of business process automation (BPA) solutions that improve quality, productivity, and end-user experiences. XELA has a global footprint and proprietary technology to deliver smart solutions to organizations worldwide. XELA has over 4,000 customers across 50 countries, including over 60% of the Fortune 100, and has operated mission-critical processes for decades.

    As a leading provider of information management, workflow automation, and integrated communications solutions, XELA brings innovative solutions to industries including banking, healthcare, insurance, and the public sector. XELA’s software and services are industry-specific for banking, healthcare, and insurance.

    Exela announced today that their Digital Mailroom (“DMR”) and DrySign solutions added an unprecedented number of new users during the second quarter of 2021.

    • DMR and Drysign have both grown in the preceding 90 days, with DMR growing by 99% in the SMB customer base and Drysign growing by 144% in the user base.
    • The rapid growth of XELA’s SMB solutions has been a contributing factor to all the positive feedback that it is receiving from its customers.
    • Thousand of new users are joining XELA’s customer base each month and the company is building a marketplace.
    • A new Exela Technologies product, DrySign in India, as well as DMR in the UK, were released during the second quarter as part of its plan to launch into new geographies.
    • It is planned to launch DMR in France and Germany as the next large markets in the third quarter of this year.
    • Exela Technologies continues to develop DAG offerings for SMBs and the international markets it serves.

    How has Exela Technologies grown so rapidly?

    A thriving business opportunity awaits Exela (XELA) with cross-selling, expansion, and new logos coming into fruition through multiple channels. Digital transformation is enabling XELA’s customers to enjoy many benefits as their customer base grows every month. Furthermore, Exela made use of its technology as it continued to roll out additional products for SMBs.

  • Why Did XELA Stock Plummeted Premarket?

    Why Did XELA Stock Plummeted Premarket?

    XELA Technologies Inc. (XELA) shares fell -15.50% to $2.78 in premarket trading. Last trading session, Exela stock gained 22.76% to $3.29. There were 328.21 million shares traded, which far higher than the average daily trading volume of 32.59 million shares over the last 50 days. Over the past 5-day period, XELA stock has lost 40.60%, but over the past month, it has gained 110.90%.

    This year, XELA shares have surged 146.00 percent since the start of the year. During the past three months, the stock price has risen 48.20%. XELA stock is plummeting even after reporting significant boost to cash and cash equivalents as the investors seem to be taking profits after the gain obtained in past session.

    How has XELA improved its liquidity position?

    With a global footprint and proprietary technology, Exela is one of the leading providers of business process automation (BPA) solutions that enhance quality, productivity, and end-user satisfaction. In addition to serving more than 4,000 clients throughout 50 countries, including more than 60% of the Fortune 100, XELA has decades of experience operating mission-critical processes. As a provider of end-to-end digital journey platforms, XELA releases integrated technology and operations in rapid sequence using cloud-based platforms and modules, with a worldwide workforce of more than 18,300 employees.

    It was announced today that Exela’s recently announced $150 million at-the-market equity program raised $85 million of proceeds which significantly improved liquidity position.

    • In accordance with a previously announced strategic initiative, XELA plans to use the proceeds of the equity program to reduce its debt and associated interest expenses as well as investigate ways to invest in its growth.
    • Exela intends to reduce its debt service by $25 million annually as a first step.
    • Retail investors and its shareholders at large have been the largest supporters of the XELA, while the company has been performing well recently.
    • XELA will be able to fund its growth through greater liquidity, helping it to better leverage its technology-enabled business services model.
    • Also, XELA will create significant value for equity holders by reducing its debt service by $25 million annually as it implements its strategic deleveraging.
    • XELA had over $205 million in cash and cash equivalents as of June 30, 2021.
    • As part of its credit facilities, XELA had additional borrowing capacity of $75 million available on case-by-case basis.

    XELA’s plan going forward:

    Exela (XELA) anticipates gaining access to this additional borrowing capacity in the near future, even though its $145 million A/R securitization contains $53 million available for borrowing. On its upcoming 2021 second quarter Financial Results Call, XELA will provide more information on additional steps under the strategic initiative.

  • What Is Leading The XELA Stock To Decline Premarket Session?

    Exela Technologies Inc. (XELA) is in the red today in the premarket session, falling -1.26% to $2.36 at the last check. XELA stock rose 2.14% to $2.39 on Wednesday but was down -7.95% to trade at $2.20 in afterhour trades. XELA stock volume on the day was 436.52 million, up from 8.81 million on average in the last 3 months.

    For XELA stock, the 50-day moving average is $1.65, and the 200-day moving average is $1.76. Additionally, the XELA stock is currently trading at 76.06 on the Relative Strength Index. Investors appeared to be taking profits after the XELA stock surged last session.

    Why did XELA surge in regular session?

    Exela Technologies is a business process automation (BPA) leader. XELA’s proprietary technology enables it to provide digital transformation solutions that are designed to increase quality, productivity, and end-user satisfaction. In addition to serving more than 4,000 customers throughout 50 countries, XELA has more than 60% of Fortune 100 companies as clients.

    In a statement yesterday, Exela Technologies announced that it has completed its $100 million at-the-market equity plan, which was announced on May 27, 2021.

    Additionally, XELA has established an equity investment program worth $150 million. XELA intends to use the net proceeds from the offering to repay debt, acquire or license additional product candidates, businesses, as well as raising working capital.

    Exela, in a separate statement yesterday announced that the Digital Mailroom (DMR) platform is now available for small and midsize businesses (SMBs) in the UK to sign up online.

    • More employees are choosing to work from home as the remote working trend gains wider acceptance in the operations of small businesses.
    • XELA DMR will serve this rapidly growing customer base across Europe, beginning with the UK.
    • Enterprise customers from across Europe have already access to the DMR platform through XELA.
    • A virtual office address helps small and medium businesses and startups, as well as individuals in the UK get their mail as digitized documents accessible through the DMR portal, and businesses and professionals can now register for the XELA DMR.
    • Users can choose from a variety of pricing plans and signup easily for XELA, which is a multi-industry solution.
    • The DMR service offers add-on services like parcel delivery as well as several inbuilt features such as eSignatures, data redactions and storage in addition to digitized delivery of documents.

    XELA’s disruptive approach to remote working:

    Exela (XELA)’s DMR offers an essential and valuable service for seamless business processes that goes hand-in-hand with the work from home trend. XELA’s goal with DMR is to enable businesses of any size to easily sign up and begin using its solutions since the way people and businesses work has drastically changed.

  • Why Exela Technologies Inc. (XELA) stock rallied on Monday?

    Why Exela Technologies Inc. (XELA) stock rallied on Monday?

    Exela Technologies Inc. (XELA) shares surged 21.09% in after-hours on Monday, June 28, 2021, and closed the day at $1.78 per share. Earlier in the morning session, XELA’s stock gained 5.76% to close Monday’s normal trading session at $1.47 per share. XELA shares have fallen 8.79% over the last 12 months, and they have moved up 8.89% in the past week. Over the past three months, the stock has lost 31.94%, while over the past six months, it has declined 10.68%.

    Let’s have a look at its recent developments.

    Exela received huge relief from the court

    On June 25, 2021, Exela Technologies, Inc announced that U.S. District Judge Sydney A. Fitzwater has granted Exela’s motion to dismiss in its entirety the Texas federal securities class action suit filed March 2020.

    Participation at the recent investor conference

    Exela Technologies recently participated in the fireside chat hosted by Cantor Fitzgerald’s Josh Siegler that took place on June 11, 2021. The company was presented by Chief Financial Officer Shrikant Sortur and Head of Strategy Matt Brown.

    Expansion of PCH Global Deployment

    On June 08, 2021, Exela Technologies, Inc announced the extension and expansion of its partnership with one of the largest specialty care services insurance carriers in the country.

    This engagement will expand Exela’s powerful cloud-based digital exchange platform for the insurance industry, PCH Global, to approximately 3,800 specialists as registered users within the customer organization using Exela’s proprietary workflow and rule engines across all aspects of the health claims spectrum including behavioural health.

    Recent financial results announcement

    On May 4, 2021, Exela Technologies announced its financial results for the first quarter of its financial year which ended on March 31, 2021.

    Q1 2021 financial highlights

    • Exela Technologies reported revenue of $300.1 million for Q1 2021 compared to $365.5 million for Q1 2020.
    • The company had an operating income of $4.3 million in Q1 2021, compared with an operating loss of $2.2 million in Q1 2020.
    • The company suffered a net loss of $39.2 million in Q1 2021, compared with a net loss of $12.7 million in Q1 2020.
    • Adjusted EBITDA was $46.5 million in Q1 2021 compared to $44.4 million in Q1 2020.

    The financial outlook for FY 2021

    The company is expecting

    • Revenues to be in the range of $1.25 billion to $1.39 billion
    • Gross margin in the range of 23% to 25%
    • Adjusted EBITDA in the range of 16% to 17%
    • Capital expenditures in the range of 1% of revenue

    Conclusion

    Well, as of this writing there is no recent news from this week but recent court relief could be linked with its good performance on Monday. XELA stock can further surge in the coming days.

  • Exela Technologies, Inc. (XELA) shares rallied 127.27% in the current market after the new venture announcement

    Exela Technologies, Inc. (XELA) shares rallied 127.27% in the current market after the new venture announcement

    Exela Technologies, Inc. (XELA) today  March 9, 2021, announced a $90 million project for the next 10 years which compromises blending automation technologies, SaaS, and services through its PCH Global platform. The XELA launched its PCH platform in September 2020. The new venture will boost the digital transformation process for the major US health insurance company and is a part of the strategic relationship which included over $28 million in revenue in 2020.

    The above-mentioned project is new in the healthcare industry and for Exela too. Exela will deploy its digital platform PCH Global, on the sites and in the cloud to fulfil healthcare needs. The project involves the complete processing of complex health insurance claims and it will also provide the multi-channel correspondence between the insurance company and their provider and member networks. The new PCH Global platform will also power the integrated data fabric used for discovering patterns, health platform monitoring and also use analytical data for the launch of new services for Exela’s customers.

    Exela planning is to move the existing and future healthcare customers to PCH Global’s cloud network so that customers and health insurance companies can get more scalability and business protection. Exela has a huge setup of data scientists with extreme data processing capabilities which are powered by neural networks.

    Exela’s President, Suresh Yannamani said that the combination of our technology with global service delivery and industry expertise makes us a leader in enrollments, complex claims processing, appeals and grievance management and payment solutions. He further said that their PCH Global system is a complete payment integrity solution for the insurance industry and it is capable of handling everything from claims ingestion and validation, to correspondence, adjudication and payments

    The stock price for Exela Technologies

    In the pre-current session on Tuesday, March 9, Xela stock is going up and it is up by 127.27% as I am writing. Yesterday, on March 8, the stock price was also increased ant it closed at $1.65. the recent news took the stock price up in the pre-market session.