Expion360 Inc (NASDAQ:XPON) Adds 17.15 Percent In A Week: What Motivates The Stock?

In last trading session, Expion360 Inc (NASDAQ:XPON) saw 0.93 million shares changing hands with its beta currently measuring 0.22. Company’s recent per share price level of $2.80 trading at -$0.25 or -8.20% at ring of the bell on the day assigns it a market valuation of $1.57M. That closing price of XPON’s stock is at a discount of -22721.43% from its 52-week high price of $639.00 and is indicating a premium of 25.36% from its 52-week low price of $2.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.21 million shares which gives us an average trading volume of 1.20 million if we extend that period to 3-months.

Expion360 Inc (NASDAQ:XPON) trade information

Upright in the red during last session for losing -8.20%, in the last five days XPON remained trading in the green while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $2.80 price level, adding 34.12% to its value on the day. Expion360 Inc’s shares saw a change of -99.48% in year-to-date performance and have moved 17.15% in past 5-day. Expion360 Inc (NASDAQ:XPON) showed a performance of -51.89% in past 30-days. Number of shares sold short was 0.1 million shares which calculate 0.13 days to cover the short interests.

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Expion360 Inc (XPON) estimates and forecasts

Statistics highlight that Expion360 Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -98.91% of value to its shares in past 6 months, showing an annual growth rate of 68.52% while that of industry is 6.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.40% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.85M for the same. And 1 analysts are in estimates of company making revenue of 1.71M in the next quarter. Company posted 1.89M and 859k of sales in current and next quarters respectively a year earlier.

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 -142.64% during past 5 years.

Expion360 Inc (NASDAQ:XPON)’s Major holders

Insiders are in possession of 12.93% of company’s total shares while institution are holding 1.74 percent of that, with stock having share float percentage of 2.00%. Investors also watch the number of corporate investors in a company very closely, which is 1.74% institutions for Expion360 Inc that are currently holding shares of the company. CITADEL ADVISORS LLC is the top institutional holder at XPON for having 49888.0 shares of worth $49888.0. And as of 2024-06-30, it was holding 0.712 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 48559.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.6931 of outstanding shares, having a total worth of $48559.0.