XTB’s stock value continued to fall during Monday’s session on the Warsaw Stock Exchange, slipping 3.8% and reaching its lowest point since April. This marks five days in a row of share price declines for the Polish-based online broker.
The stock moved below its 200-day exponential moving average of 64 zloty — a key chart level that traders often watch. XTB has rarely stayed under this average for long periods, with the last major drop happening between August and October last year.
Since the peak in May when shares traded around 92 zloty, the price has now dropped by roughly 22%. The fall has gone through two important levels at 78 and 73 zloty, which were previous lows reached in June.
CFD Brokers Show Mixed Performance in Latest Trading
The recent drop in XTB shares does not appear linked to any broader market decline among brokers. Other firms in the contracts for difference (CFD) space gained on the same day. Plus500’s shares rose by 1.8% after the release of its latest half-year earnings report. CMC Markets also moved up by 1.2%.
Plus500 revealed strong numbers, with half-year revenue reaching $415.1 million and customer deposits hitting $3.1 billion — double what it recorded a year ago. These results gave investors more confidence, lifting the company’s share price.
XTB has not posted any fresh financial reports since its last earnings release. Its next update is expected in August and will include results for the second quarter and the first half of this year. In the meantime, online discussions by retail traders have brought up possible fund movements by large investors, but no confirmed updates have been shared.
Analyst Comments Remain Quiet as Shares Struggle
Few analysts have released new reports on XTB in recent months. The last known view came from Polish firm Nobel Securities around five months ago, setting a price target of 70 zloty. Another analyst from mBank gave a more cautious view earlier this year, suggesting a lower price target below 69 zloty.
Despite the drop in shares, XTB continues to grow its product line. Last week, FinanceMagnates.com reported that the broker introduced IKZE retirement investment accounts for Polish users. In mid-June, it also added more digital currencies to its e-wallet, increasing the number to 19.
Omar Arnaout, the Chief Executive Officer of XTB, mentioned that this summer period will be a key moment for the new e-wallet feature. He explained that the travel season could push users to rely on the tool more than before.
At the moment, XTB shares trade at 72.24 zloty, and the firm’s total market value stands around 8.58 billion zloty. While the stock has gained 86% over the past year, it has dropped by 7.47% in just the last week.