Expion360 Inc (NASDAQ: XPON) Could Make Significant Gains?

In the last trading session, 9.22 million Expion360 Inc (NASDAQ:XPON) shares changed hands as the company’s beta touched 0.19. With the company’s per share price at $3.63 changed hands at $0.83 or 29.64% during last session, the market valuation stood at $2.03M. XPON’s last price was a discount, traded about -17503.31% off its 52-week high of $639.00. The share price had its 52-week low at $2.09, which suggests the last value was 42.42% up since then. When we look at Expion360 Inc’s average trading volume, we note the 10-day average is 5.09 million shares, with the 3-month average coming to 1.23 million.

Expion360 Inc (NASDAQ:XPON) trade information

Instantly XPON was in green as seen at the end of in last trading. With action 3.12%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -99.33%, with the 5-day performance at 3.12% in the green. However, in the 30-day time frame, Expion360 Inc (NASDAQ:XPON) is -57.19% down. Looking at the short shares, we see there were 0.1 million shares sold at short interest cover period of 0.13 days.

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Expion360 Inc (XPON) estimates and forecasts

Data shows that the Expion360 Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -98.43% over the past 6 months, a 68.52% in annual growth rate that is considerably higher than the industry average of 6.40%. Year-over-year growth is forecast to reach -1.40% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.85M. 1 analysts are of the opinion that Expion360 Inc’s revenue for the current quarter will be 1.71M. The company’s revenue for the corresponding quarters a year ago was 1.89M and 859k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.10%. The estimates for the next quarter sales put growth at 99.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -142.64%. The 2024 estimates are for Expion360 Inc earnings to increase by 68.52%.

XPON Dividends

Expion360 Inc is expected to release its next quarterly earnings report in November.

Expion360 Inc (NASDAQ:XPON)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 12.93% of Expion360 Inc shares while 1.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.00%. There are 1.74% institutions holding the Expion360 Inc stock share, with CITADEL ADVISORS LLC the top institutional holder. As of 2024-06-30, the company held 0.712% of the shares, roughly 49888.0 XPON shares worth $49888.0.

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