Do You Own xG Technology, Inc. (NASDAQ:XGTI) Shares?

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xG Technology, Inc. (NASDAQ:XGTI) closed its last session at $1.76. The stock traded within a range of $1.70 and $1.95. The company operates in the Technology sector with a market capitalization of 21130. Trading volume for xG Technology, Inc. was 3.48 Million in its previous trading session. Currently, xG Technology, Inc. (NASDAQ:XGTI) has an average volume of 661.51 Million.

Company Profile

xG Technology, Inc. is engaged in developing communications technologies for wireless networks. Its products include xMax system, an end-to-end Internet protocol (IP) network solution. The company’s xMax system comprises xMod mobile hotspot, xAP access point, xMSC switch, xMax android application and network tools. xG Technology, Inc. is headquartered in Sarasota, Florida.

Analyst Views

xG Technology, Inc. (NASDAQ:XGTI) touched its 1-Year High price of $5.20 on 10/17/16 and its 1-Year Low price of $1.17 on 12/29/16.

EPS & Financials

xG Technology, Inc. (NASDAQ:XGTI) reported its EPS in the last quarter as $-0.09/Share lagging the analyst estimate of $0.01/Share by a difference of $-0.1. This showed a surprise of -1000% in the last quarter earnings.

For the current quarter, 1 analysts are projecting a mean EPS of $-0.16/share. According to their observations and findings, the stock could provide a high EPS of $-0.16/share and a low EPS of $-0.16/share.

Analysts believe that the company has the potential to earn average revenue of $14.35 Million for the current quarter. According to their predictions high & low revenue estimates are 14.35 Million and 14.35 Million respectively.

Technical Analysis

By taking a look at the stock’s current statistics it can gauged that the stock candle is BEARISH with MEDIUM volatility. xG Technology, Inc. (NASDAQ:XGTI) has a 20-Day average volume of 622409. According to today’s trading volume xG Technology, Inc. is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The trend for the past 10-days shows that the company was in BULLISH territory while an analysis of the last 40-Day trend shows a BEARISH signal. The 100-Day trend also shows a BEARISH trend as well.

The company currently has an insider ownership of 3.5 Percent and Institutional ownership of 8.5 Percent. The return on assets stands at -85.6%, Return on Equity currently is -149.4% and the Return on Investment value is -136.8%.

xG Technology, Inc. (NASDAQ:XGTI) gross margin percentage stands at 37.7% while its operating margin for the past trailing twelve month is -72.9 percent and its overall profit margin (ttm) is -82.5 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 5% with a 50-Day Simple Moving Average of -4.81 percent. As of today, the company has a SMA200 (200-day simple moving average) of 0.65 Percent. The Stock has YTD (year to date) performance of 30.41 percent.

The TTM operating margin for the company stands at -72.9%. The return on invested capital is at -136.8%, which is good, compared to its peers. The Free Cash Flow or FCF margin is 0.

The company’s stock is currently moving with a +ve distance from the 200 day SMA of approximately 0.65%, and has a solid year to date (YTD) performance of 30.41% which means that the stock is constantly adding to its value from the previous fiscal year end price.