XCHG (NASDAQ:XCH) Stock Price Up 6% – What’s Next?

Shares of XCHG Limited (NASDAQ:XCH) shot up 6% during trading on Tuesday . The company traded as high as $1.22 and last traded at $1.24. 13,620 shares changed hands during trading, a decline of 95% from the average session volume of 289,408 shares. The stock had previously closed at $1.17.

XCHG Stock Performance

The stock’s 50 day moving average is $1.99.

XCHG (NASDAQ:XCH) last issued its quarterly earnings results on Friday, December 13th. The company reported ($0.08) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in XCHG stock. HHM Wealth Advisors LLC purchased a new stake in shares of XCHG Limited (NASDAQ:XCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 63,692 shares of the company’s stock, valued at approximately $129,000.

About XCHG

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.