Expand Energy Corp. (NASDAQ: EXE)’s Stock Reduces -0.22%, Making It A Good Investment

The trading price of Expand Energy Corp. (NASDAQ:EXE) closed lower on current market day and closing at $85.44, -0.22% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $85.05 and $85.9. The company’s P/E ratio in the trailing 12-month period was 28.81, while its 5Y monthly beta was 0.455. In examining the 52-week price action we see that the stock hit a 52-week high of $93.44 and a 52-week low of $69.12. Over the past month, the stock has gained 20.61% in value.

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Expand Energy Corp., whose market valuation is $19.39 billion at the time of this writing, is expected to release its quarterly earnings report in November. The dividend yield on the company stock is 2.69%, while its Forward Dividend ratio is 2.30. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest EXE has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that EXE’s price is currently 9.95% off the SMA20 and 13.98% off the SMA50. The RSI metric on the 14-day chart is currently showing 72.80, and weekly volatility stands at 1.92%. When measured over the past 30 days, the indicator reaches 2.51%. Expand Energy Corp. (NASDAQ:EXE)’s beta value is currently sitting at 0.46, while the Average True Range indicator is currently displaying 1.99.

To see how Expand Energy Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: EXE stock’s performance was -0.22% in the latest trading, and 1.90% in the past year. Expand Energy Corp. has a P/E ratio of 28.81.

An evaluation of the daily trading volume of Expand Energy Corp. (NASDAQ:EXE) indicates that the 3-month average is 2.24 million. However, this figure has increased over the past 10 days to an average of 3.88.

Currently, records show that 226.90 million of the company’s shares remain outstanding. The insiders hold 17.57% of outstanding shares, whereas institutions hold 56.93%. The stats also highlight that short interest as of 2024-09-13, stood at 20.0 million shares, resulting in a short ratio of 11.41 at that time. From this, we can conclude that short interest is 1524.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 20.53 million. However, since the stock’s price has seen 11.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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