Why Acquire Shares Of Expensify Inc (EXFY)?

Expensify Inc (NASDAQ:EXFY) has a beta value of 1.37 and has seen 2.12 million shares traded in the last trading session. The company, currently valued at $195.94M, closed the last trade at $2.30 per share which meant it gained $0.2 on the day or 9.52% during that session. The EXFY stock price is -110.43% off its 52-week high price of $4.84 and 46.09% above the 52-week low of $1.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.12 million shares traded. The 3-month trading volume is 1.07 million shares.

The consensus among analysts is that Expensify Inc (EXFY) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.

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Expensify Inc (NASDAQ:EXFY) trade information

Sporting 9.52% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the EXFY stock price touched $2.30 or saw a rise of 4.96%. Year-to-date, Expensify Inc shares have moved -6.88%, while the 5-day performance has seen it change 48.39%. Over the past 30 days, the shares of Expensify Inc (NASDAQ:EXFY) have changed 2.68%. Short interest in the company has seen 1.15 million shares shorted with days to cover at 0.51.

Wall Street analysts have a consensus price target for the stock at $13.75, which means that the shares’ value could jump 83.27% from current levels. The projected low price target is $2.5 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -986.96% off the targeted high while a plunge would see the stock gain -8.7% from current levels.

Expensify Inc (EXFY) estimates and forecasts

Figures show that Expensify Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 31.43% over the past 6 months, with this year growth rate of 2,600.00%, compared to 21.40% for the industry. Revenue growth from the last financial year stood is estimated to be -7.60%.

6 analysts offering their estimates for the company have set an average revenue estimate of 34.63M for the current quarter. 6 have an estimated revenue figure of 35.14M for the next ending quarter. Year-ago sales stood 36.49M and 35.21M respectively for this quarter and the next, and analysts expect sales will shrink by -5.10% for the current quarter and -7.60% for the next.

EXFY Dividends

Expensify Inc is expected to release its next earnings report 2024-Aug-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Expensify Inc (NASDAQ:EXFY)’s Major holders

Insiders own 30.11% of the company shares, while shares held by institutions stand at 40.93% with a share float percentage of 58.57%. Investors are also buoyed by the number of investors in a company, with Expensify Inc having a total of 119.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 4.01 million shares worth more than $7.38 million. As of 2024-03-31, BLACKROCK INC. held 4.7899% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 3.35 million shares as of 2024-03-31. The firm’s total holdings are worth over $6.16 million and represent 3.9983% of shares outstanding.