Stock price performance of XG Technology, Inc is analyzed for various periods using several stock trading signals. The stock price have dropped -45.51% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -55.97% . Looking at the past 52 week period, the stock price is down -91.54% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of XG Technology, Inc has a negative value of -88.16 compared to overall market performance. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 4.95% and the 50-Day Moving Average is 52.55%.The 200 Day SMA reached 86.37%
xG Technology, Inc. is having a Relative Strength Index of 55.24 which indicates the stock is not yet over sold or over bought based on the technical indicators. XG Technology, Inc (NASDAQ:XGTI) has climbed 9.94% in the past week and advanced 13.25% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.81% and the outperformance has advanced to 12.25% for the last 4 weeks period.
Company has reported several Insider transactions to the SEC, on Jan 13, 2017, Ross James Woodyatt (Former President) sold 14,849 shares at 2.24 per share price.On Jan 4, 2017, John C Coleman (President) sold 10,646 shares at 1.29 per share price.On Sep 13, 2016, Roger G Branton (Chief Financial Officer) sold 51,118 shares at 0.45 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.xG Technology Inc was Upgraded by ROTH Capital to Buy on Jan 31, 2017.
XG Technology, Inc (NASDAQ:XGTI) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.24 points or 11.32% at $1.88 with 1,545,122 shares getting traded. Post opening the session at $1.82, the shares hit an intraday low of $1.78 and an intraday high of $1.97 and the price was in this range throughout the day. The company has a market cap of $12 million and the number of outstanding shares has been calculated to be 6,272,738 shares. The 52-week high of XG Technology, Inc (NASDAQ:XGTI) is $34.680138 and the 52-week low is $1.171.
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 companys 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.