While I’m not entirely sure if Exela Technologies (NASDAQ:XELA) would qualify as a meme trade, what’s not ambiguous is that XELA stock generates significant buzz on various social media platforms.

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On one hand, a low-priced equity unit like this could deliver massive profits based on coordinated trading action. But on the other hand, it’s a treacherous way to make a buck.

Fundamentally, though, Exela does offer significant relevance, assuming that the business achieves its paper goals. Billed as a global leader in business process automation (BPA), Exela enjoys an expansive client base of over 4,000 customers in more than 50 countries.

Further, data from ResearchAndMarkets notes that industry experts anticipate a double-digit compound annual growth rate between 2020 to 2026 in the global BPA market, ultimately culminating in the sector commanding a valuation of $19.4 billion by the end of the forecasted period.

If Exela can continue grabbing market share, that would be huge for XELA stock.

At the same time, the longstanding criticism about the underlying company is that attempting to snag the aforementioned market share came at a severe cost. Last month, our own Mark Hake warned that Exela revealed in its first-quarter 2021 earnings report that the firm “was burdened by operating losses and $152.7 million in long-term debt and high levels of interest expense.”

But even with the disclosure in Q2 that Exela…

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