xG Technology, Inc. (NASDAQ:XGTI) registered a 23.39% increase, still its new closing price is 740.64% up from the company’s 1 year high of 4.98.It posted 21.97% gains in previous 5 sessions and is now the subject of 0 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 1 stock analysts following this company have an average price target at $3.50, with individual PT in the $3.50-$3.50 range. The shares moved at $2.11, implying that brokerage firms see shares losing about -16.27% in twelve months time.
xG Technology, Inc. (XGTI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 56.30% rise year to date. A Former President at xG Technology, Inc. (XGTI) offloaded shares in a transaction closed on Thursday January 12, 2017. Woodyatt Ross James sold 14,849 shares in the company at $2.27 each and collected $33,001 in proceeds. Woodyatt Ross James now owns 0 shares in the company after this transaction. A President in the company, Coleman John C, disclosed a transaction on Friday December 30, 2016 that ended up generating $13,001 from the sale of 10,646 shares at $1.29 per share.
xG Technology, Inc. (NASDAQ:XGTI) Upcoming Results on Tap
xG Technology, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-33.65 in that period. Sales during the quarter are predicted to arrive at $2.27 million.
Earnings surprise history: Last quarter, the company posted approximately $1.53 million in revenue and EPS of $-2,569.66. The mean forecast was for $1.29 million and $-3,273.31 a share, respectively. One quarter earlier, revenue for the stock was at $1.27 million, with earnings at $-7,671.25/share.
xG Technology, Inc. (XGTI) Brokerage Update
xG Technology, Inc. (XGTI) is in ROTH Capital’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by ROTH Capital, according to news reported on Tuesday January 31, 2017. Over the last six months and over the last three months, the shares of xG Technology, Inc. (XGTI), have changed 390.70% and 462.52%, respectively.