Expand Energy Corp. (NASDAQ: EXE) Rise 2.37%, Now What? Don’t Panic

Expand Energy Corp. (NASDAQ:EXE) price on current trading day, rose 2.37% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $85.21.

A look at the stock’s price movement, the close in the last trading session was $83.24, moving within a range at $83.11 and $85.3. The beta value (5-Year monthly) was 0.455 while the PE ratio in trailing twelve months stood at 28.73. Turning to its 52-week performance, $93.44 and $69.12 were the 52-week high and 52-week low respectively. Overall, EXE moved 21.00% over the past month.

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Expand Energy Corp.’s market cap currently stands at around $19.33 billion, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 2.30, with its dividend yield at 2.70%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Turning to the stock’s technical picture we see that short term indicators suggest on average that EXE is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

The technical evaluation for the stock shows the PEG ratio is 3.88, with EXE’s current price about 11.67% and 14.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 73.02, while 7-day volatility ratio is 2.60% and 2.70% in the 30-day chart. Further, Expand Energy Corp. (EXE) has a beta value of 0.46, and an average true range (ATR) of 2.12.

If we refocus on Expand Energy Corp. (NASDAQ:EXE), historical trading data shows that trading volumes averaged 3.93 over the past 10 days and 2.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 226.90 million shares.

The 17.45% of Expand Energy Corp.’s shares are in the hands of company insiders while institutional holders own 56.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 20.0 million on 2024-09-13, giving us a short ratio of 11.41. The data shows that as of 2024-09-13 short interest in Expand Energy Corp. (EXE) stood at 1524.0 of shares outstanding, with shares short falling to 20.53 million registered in 2024-08-15. Current price change has pushed the stock 10.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EXE stock continues to rise going into the next quarter.

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