Expensify Inc (NASDAQ:EXFY) At $2.24: What To Do?

In last trading session, Expensify Inc (NASDAQ:EXFY) saw 0.48 million shares changing hands with its beta currently measuring 1.51. Company’s recent per share price level of $2.24 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $198.35M. That closing price of EXFY’s stock is at a discount of -95.09% from its 52-week high price of $4.37 and is indicating a premium of 44.64% from its 52-week low price of $1.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.43 million shares which gives us an average trading volume of 1.14 million if we extend that period to 3-months.

For Expensify Inc (EXFY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 4 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 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Expensify Inc (NASDAQ:EXFY) trade information

Expensify Inc’s shares saw a change of -9.31% in year-to-date performance and have moved -8.57% in past 5-day. Expensify Inc (NASDAQ:EXFY) showed a performance of 48.34% in past 30-days. Number of shares sold short was 0.48 million shares which calculate 0.55 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 13.75 to the stock, which implies a rise of 83.71% to its current value. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would drop -11.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.61% for stock’s current value.

Expensify Inc (EXFY) estimates and forecasts

Statistics highlight that Expensify Inc is scoring comparatively higher than the scores of other players of the relevant industry. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Expensify Inc (NASDAQ:EXFY)’s Major holders

Insiders are in possession of 28.51% of company’s total shares while institution are holding 35.17 percent of that, with stock having share float percentage of 49.19%. Investors also watch the number of corporate investors in a company very closely, which is 35.17% institutions for Expensify Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at EXFY for having 3.15 million shares of worth $4.69 million. And as of 2024-06-30, it was holding 3.6948 of the company’s outstanding shares.

The second largest institutional holder is D. E. SHAW & CO., INC., which was holding about 2.7 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.1716 of outstanding shares, having a total worth of $4.02 million.