X3 (NASDAQ:XTKG) Stock Rating Lowered by Wall Street Zen

X3 (NASDAQ:XTKG) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of X3 in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, X3 has an average rating of “Sell”.

X3 Price Performance

Shares of XTKG opened at $0.21 on Friday. The business’s 50 day moving average price is $4.64 and its two-hundred day moving average price is $8.83. X3 has a 52-week low of $0.11 and a 52-week high of $16.32.

Hedge Funds Weigh In On X3

An institutional investor recently bought a new position in X3 stock. Yorkville Advisors Global LP acquired a new stake in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,831 shares of the company’s stock, valued at approximately $30,000. Yorkville Advisors Global LP owned approximately 0.13% of X3 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.85% of the company’s stock.

About X3

X3 Acquisition Corporation (NASDAQ: XTKG) is a special purpose acquisition company, or blank check company, formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition or other business combination. The company does not engage in any commercial operations and holds its net proceeds in a trust account until a qualifying transaction is completed.

Trading on the Nasdaq Capital Market since its initial public offering, X3 Acquisition Corporation’s units represent the right to receive shares of common stock upon the company’s completion of a business combination.