Crexendo Inc (NASDAQ:CXDO) Gained 21.33% In A Week: What’s Driving The Stock?

In last trading session, Crexendo Inc (NASDAQ:CXDO) saw 0.31 million shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $5.29 trading at $0.3 or 6.01% at ring of the bell on the day assigns it a market valuation of $141.30M. That closing price of CXDO’s stock is at a discount of -43.48% from its 52-week high price of $7.59 and is indicating a premium of 70.89% from its 52-week low price of $1.54. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.23 million shares which gives us an average trading volume of 129.63K if we extend that period to 3-months.

For Crexendo Inc (CXDO), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.

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Crexendo Inc (NASDAQ:CXDO) trade information

Upright in the green during last session for gaining 6.01%, in the last five days CXDO remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $5.29 price level, adding 2.94% to its value on the day. Crexendo Inc’s shares saw a change of 9.07% in year-to-date performance and have moved 21.33% in past 5-day. Crexendo Inc (NASDAQ:CXDO) showed a performance of 37.76% in past 30-days. Number of shares sold short was 0.2 million shares which calculate 1.76 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5.75 to the stock, which implies a rise of 8.0% to its current value. Analysts have been projecting 5.75 as a low price target for the stock while placing it at a high target of 5.75. It follows that stock’s current price would drop -8.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.7% for stock’s current value.

Crexendo Inc (CXDO) estimates and forecasts

Statistics highlight that Crexendo Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -28.51% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 19.50. This year revenue growth is estimated to rise 11.50% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 15.03M for the same. And 3 analysts are in estimates of company making revenue of 15.46M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.14% during past 5 years.

Crexendo Inc (NASDAQ:CXDO)’s Major holders

Insiders are in possession of 56.25% of company’s total shares while institution are holding 13.36 percent of that, with stock having share float percentage of 30.53%. Investors also watch the number of corporate investors in a company very closely, which is 13.36% institutions for Crexendo Inc that are currently holding shares of the company. BARD ASSOCIATES INC is the top institutional holder at CXDO for having 0.61 million shares of worth $2.95 million. And as of 2024-03-31, it was holding 2.3282 of the company’s outstanding shares.

The second largest institutional holder is CREATIVE PLANNING, which was holding about 0.53 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.0306 of outstanding shares, having a total worth of $2.55 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 345.91 shares of worth $1.83 million or 2.29% of the total outstanding shares. The later fund manager was in possession of 104.3 shares on Mar 31, 2024 , making its stake of worth around $0.55 million in the company or a holder of 0.69% of company’s stock.