Trade Exela Technologies, Inc. - XELA CFD

Trading Conditions

• Spread: 0.07
• Long position overnight feeLong position overnight feeMargin. Your investmentUS$1,000.00Overnight feeCharges from full value of position-0.026179 %(-US$1.05)Trade size with leverage ~ US$5,000.00Short position overnight fee ~ US$4,000.00Go to platform: -0.026179%
• Short position overnight feeShort position overnight feeMargin. Your investmentUS$1,000.00Overnight feeCharges from full value of position0.003957 %(US$0.16)Trade size with leverage ~ US$5,000.00Short position overnight fee ~ US$4,000.00Go to platform: 0.003957%
• Overnight fee time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 1
• Margin: 20
• Stock exchange: United States of America
• Commission on trade: 0%

• Margin. Your investment: US$1,000.00
• Overnight feeCharges from full value of position: -0.026179 %
  (-US$1.05)

• Margin. Your investment: US$1,000.00
• Overnight feeCharges from full value of position: 0.003957 %
  (US$0.16)

Key Stats

• Prev. Close: 1.94
• Open: 1.98
• 1-Year Change: 382.93%
• Day's Range: 1.96 - 2.05

Exela Technologies, Inc. Company profile

Headquartered in Irving Texas, Exela Technologies was listed on the Nasdaq under the ticker symbol XELA on 13 July 2017. Created by the merger of SourceHOV LCC, Novitex Holdings Inc, and Acquisition Corp 2, the company has over 23,000 employees.

Exela Technologies provides business process management, and digital transaction and transformation solutions to companies across a wide range of industries in 50 countries. It helps companies to automate their workflow. This is considered a niche market, which could have high growth potential given the increasingly digitised age.

The pandemic accelerated digitalisation – working from home (WFH) became the norm and businesses had to quickly adapt. Many companies and workers have adopted a hybrid WFH/office system, requiring the technology to allow employers to work from anywhere.

Through its technology-led offering of software and services, Exela Technologies helps bring digital solutions to departments such as finance and accounting, human resources, business intelligence, marketing, operations and legal.

Furthermore, Exela Technologies brings industry-specific solutions for the following sectors:

1. Banks and other financial institutions

2. Healthcare

3. Consumer and retail

4. Education 

5. Energy and natural resources

6. High tech

7. Insurance

8. Life sciences

9. Manufacturing

10. Media and publishing 

11. Telecommunication 

12. Travel and hospitality 

13. Public sector

Exela Technologies boasts over 4,000 clients, of which more than 60% are Fortune 100 companies. While demand for Exela services is gaining traction in the US, the business is starting to invest more in Europe, recently opening a headquarters in Dublin, Ireland.

It’s worth keeping in mind that the Nasdaq can delist stocks that trade under $1 over an extended period of time. XELA has traded under $1 for most of 2022. The Nasdaq will often give a period of time within which the company must rectify the listing compliance issue.