Expion360 Inc (NASDAQ: XPON) Share Price Might Move Down By -99.00%

In the last trading session, 49.54 million shares of the Expion360 Inc (NASDAQ:XPON) were traded, and its beta was 0.22. Most recently the company’s share price was $0.05, and it changed around $0.0 or -2.28% from the last close, which brings the market valuation of the company to $2.62M. XPON currently trades at a discount to its 52-week high of $6.39, offering almost -12680.0% off that amount. The share price’s 52-week low was $0.04, which indicates that the current value has risen by an impressive 20.0% since then. We note from Expion360 Inc’s average daily trading volume that its 10-day average is 133.96 million shares, with the 3-month average coming to 56.51 million.

Expion360 Inc (NASDAQ:XPON) trade information

Instantly XPON has showed a red trend with a performance of -2.28% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.0658 on recent trading dayincreased the stock’s daily price by 24.01%. The company’s shares are currently down -99.12% year-to-date, but still down -34.63% over the last five days. On the other hand, Expion360 Inc (NASDAQ:XPON) is -34.17% down in the 30-day period. We can see from the shorts that 0.66 million shares have been sold at a short interest cover period of 0.03 day(s).

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Expion360 Inc (XPON) estimates and forecasts

Expion360 Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -97.90 percent over the past six months and at a 68.52% annual growth rate that is well above the industry average of 7.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 23.10% in revenue this quarter, and will report an increase of 25.80% in the next quarter. The year-over-year growth rate is expected to be -1.40%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.85M in revenue for the current quarter. 1 analysts expect Expion360 Inc to make 1.71M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.89M and 859k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.10%. Forecasts for the next quarter put sales growth at 99.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -142.70%.

XPON Dividends

Expion360 Inc’s next quarterly earnings report is expected to be released in November.

Expion360 Inc (NASDAQ:XPON)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 12.93% of Expion360 Inc shares, and 1.74% of them are in the hands of institutional investors. The stock currently has a share float of 2.00%. Expion360 Inc stock is held by 13.0 institutions, with CITADEL ADVISORS LLC being the largest institutional investor. By 2024-06-30, it held 0.712% of the shares, which is about 49888.0 shares worth $49888.0.

VANGUARD GROUP INC, with 0.6931% or 48559.0 shares worth $48559.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.