Expensify Inc (NASDAQ:EXFY) Is Now 38.0% Above Its 52-Week Low. How Long Will It Continue To Rise?

In last trading session, Expensify Inc (NASDAQ:EXFY) saw 0.4 million shares changing hands with its beta currently measuring 1.54. Company’s recent per share price level of $2.00 trading at -$0.02 or -0.99% at ring of the bell on the day assigns it a market valuation of $177.10M. That closing price of EXFY’s stock is at a discount of -71.0% from its 52-week high price of $3.42 and is indicating a premium of 38.0% 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 0.35 million shares which gives us an average trading volume of 1.12 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 1.80. 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. The company is expected to be making an EPS of 0.06 in the current quarter.

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Expensify Inc (NASDAQ:EXFY) trade information

Upright in the red during last session for losing -0.99%, in the last five days EXFY remained trading in the red while hitting it’s week-highest on Monday, 09/23/24 when the stock touched $2.00 price level, adding 10.71% to its value on the day. Expensify Inc’s shares saw a change of -19.03% in year-to-date performance and have moved -10.71% in past 5-day. Expensify Inc (NASDAQ:EXFY) showed a performance of -9.09% in past 30-days. Number of shares sold short was 0.46 million shares which calculate 0.83 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 85.45% 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 -25.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.0% for stock’s current value.

Expensify Inc (EXFY) estimates and forecasts

This year revenue growth is estimated to fall -7.50% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 35.01M for the same. And 5 analysts are in estimates of company making revenue of 36.18M in the next quarter. Company posted 36.49M and 35.21M of sales in current and next quarters respectively a year earlier.

Expensify Inc (NASDAQ:EXFY)’s Major holders

Insiders are in possession of 28.53% of company’s total shares while institution are holding 35.17 percent of that, with stock having share float percentage of 49.21%. 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.