Exela Technologies, Inc.

Exela Technologies, Inc. (NASDAQ: XELA) is a leading global business process automation (BPA) company that offers digital transformation solutions to over 4,000 customers in 50 countries. Its portfolio of software and services address finance and accounting, human resources, and legal management, as well as industry-specific solutions for healthcare, banking, insurance, and the public sectors.

Key Highlights

• The company reported total revenue of USD 279.23 million in Q3FY21 (ended September 30, 2021), 8.85% lower than USD 305.28 million in Q3FY20.
• Its Q3FY21 net loss was USD 13.21 million, compared to USD 28.32 million reported in Q3FY20.
• During the quarter, it commenced an exchange offer for its secured notes and senior secured term loans, both due in 2023.
• Its net margin for Q3FY21 was -4.7% vs. the industry median of 7.7%.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, and its RSI Index is at 39.57.
• The stock is leaning towards the lower end of its 52-week range of USD 1.02 to USD 7.82.
• XELA's stock price corrected 34.04% in the past three months.

Technical Price Chart (as of November 17, 2021). Analysis by Kalkine

Conclusion: Considering the technical indicators, lackluster fundamentals, and low-profit margins, we recommend an "Avoid" rating on the stock at the current price of USD 1.53, down 3.16%, as of November 17, 2021, at 11:01 AM ET.

*The reference data in this report has been partly sourced from REFINITIV.

CBAK Energy Technology, Inc.

CBAK Energy Technology, Inc. (NASDAQ: CBAT) operates a high-tech company that develops, manufactures, and markets high-capacity lithium batteries for energy applications. Its products and solutions are applied on electric vehicles (EVs), electric appliances, power storage, uninterruptible power supply (UPS), and other high-power applications.

Key Highlights

• CBAT reported a 9.97% decline in USD 9.56 million in Q3FY21 (ended September 30, 2021) from USD 10.62 million in Q3FY20.
• Its Q3FY21 net income was USD 20.02 million vs. USD 41.72 thousand reported in Q3FY20, skewed by a USD 23.00 million favorable change in the fair value of warrants recorded during the current quarter.
• On August 23, 2021, Dalian CBAK Power Battery Co., its wholly-owned subsidiary, received performance certification for its unique ultra-low temperature application 26650 lithium-ion battery from SGS, a global testing, inspection, and certification company.
• The stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, and its RSI Index is at 47.02.
• It is leaning towards the lower end of its 52-week range of USD 2.04 to USD 10.49.
• CBAT's stock price fell 39.95% in the past six months.

Technical Price Chart (as of November 17, 2021). Analysis by Kalkine

Conclusion: Considering the positive news relating to performance certification, low leverage (Debt/Equity ratio of 0.01 as of Q3FY21 end) and the technical indicators, we recommend a "Watch" rating on the stock at the current price of USD 2.21, up 2.31%, as of November 17, 2021, at 10:54 AM ET.

*The reference data in this report has been partly sourced from REFINITIV.

NextPlay Technologies, Inc.

NextPlay Technologies, Inc. (NASDAQ: NXTP) offers technology solutions including games, in-game advertising, crypto-banking, connected TV and travel booking services using AdTech, Artificial Intelligence and Fintech solutions to both corporations and individuals worldwide.

Key Highlights

• The company reported total revenue of USD 2.65 million in Q2FY22 (ended August 31, 2021), compared to nil revenue generated in Q2FY21.
• Its Q2FY22 net loss was USD 9.99 million, compared to USD 0.55 million reported in Q2FY21.
• During the quarter, it completed several corporate transactions, including the merger with HotPlay Enterprise, a majority stake purchase in Zappware, and a 100% acquisition of International Finance Enterprise Bank (now NextBank International).
• On November 03, 2021, NXTP closed a direct offering of ~18.98 million common shares and warrants to purchase ~14.24 million shares for aggregate gross proceeds of USD 30 million.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, and its RSI Index is at 42.35.
• The stock is leaning towards the lower end of its 52-week range of USD 1.26 to USD 4.99.
• NXTP's stock price decreased 44.64% and 66.26% in the past one and nine months, respectively.

Technical Price Chart (as of November 17, 2021). Analysis by Kalkine

Conclusion: Considering the technical indicators, lackluster fundamentals, and associated risks, we recommend an "Avoid" rating on the stock at the current price of USD 1.45, up 10.69%, as of November 17, 2021, at 10:59 AM ET.

*The reference data in this report has been partly sourced from REFINITIV.