Expion360 Inc (NASDAQ:XPON) price on Friday, October 25, rose 21.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.29.
A look at the stock’s price movement, the close in the last trading session was $3.52, moving within a range at $4.03 and $5.48. The beta value (5-Year monthly) was 0.223. Turning to its 52-week performance, $639.00 and $2.09 were the 52-week high and 52-week low respectively. Overall, XPON moved -33.39% over the past month.
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Expion360 Inc’s market cap currently stands at around $2.40 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-14.
Analysts have a consensus estimate of 1.85M for the company’s revenue for the quarter, with a low and high estimate of 1.85M and 1.85M respectively. The average forecast suggests down to a -2.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.9M, representing a -1.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that XPON is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
XPON’s current price about 20.34% and -22.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.76, while 7-day volatility ratio is 24.02% and 26.03% in the 30-day chart. Further, Expion360 Inc (XPON) has a beta value of 0.24, and an average true range (ATR) of 1.49.
If we refocus on Expion360 Inc (NASDAQ:XPON), historical trading data shows that trading volumes averaged 5.06 over the past 10 days and 1.44 million over the past 3 months.
The 11.63% of Expion360 Inc’s shares are in the hands of company insiders while institutional holders own 11.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.1 million on 2024-09-30, giving us a short ratio of 0.13. The data shows that as of 2024-09-30 short interest in Expion360 Inc (XPON) stood at 1935.0000000000002 of shares outstanding, with shares short rising to 15339.0 registered in 2024-08-30. Current price change has pushed the stock -99.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XPON stock continues to rise going into the next quarter.
