Is Expensify Inc (NASDAQ: EXFY) On Track To Post A -1236.9% Or More Growth?

During the last session, Expensify Inc (NASDAQ:EXFY)’s traded shares were 0.37 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $1.87, reflecting an intraday loss of -1.06% or -$0.02. The 52-week high for the EXFY share is $2.92, that puts it down -56.15 from that peak though still a striking 33.69% gain since the share price plummeted to a 52-week low of $1.24. The company’s market capitalization is $165.59M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 541.28K shares over the past three months.

Expensify Inc (EXFY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.80. EXFY has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.06.

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Expensify Inc (NASDAQ:EXFY) trade information

Expensify Inc (EXFY) registered a -1.06% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.06% in intraday trading to $1.87, hitting a weekly high. The stock’s 5-day price performance is 9.36%, and it has moved by 3.31% in 30 days. Based on these gigs, the overall price performance for the year is -30.22%. The short interest in Expensify Inc (NASDAQ:EXFY) is 0.45 million shares and it means that shorts have 1.43 day(s) to cover.

The consensus price target of analysts on Wall Street is $13.75, which implies an increase of 86.4% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $25 respectively. As a result, EXFY is trading at a discount of -1236.9% off the target high and -33.69% off the low.

Expensify Inc (EXFY) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 175.00% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -7.50% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 35.01M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 36.18M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 36.49M and 35.21M respectively. In this case, analysts expect current quarter sales to shrink by -4.10% and then jump by 2.80% in the coming quarter.

While earnings are projected to return 3567.32% in 2024.

EXFY Dividends

Expensify Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Expensify Inc (NASDAQ:EXFY)’s Major holders

Expensify Inc insiders own 28.54% of total outstanding shares while institutional holders control 35.05%, with the float percentage being 49.05%. VANGUARD GROUP INC is the largest shareholder of the company, while 100.0 institutions own stock in it. As of 2024-06-30, the company held over 3.15 million shares (or 3.6948% of all shares), a total value of $4.69 million in shares.

The next largest institutional holding, with 2.7 million shares, is of D. E. SHAW & CO., INC.’s that is approximately 3.1716% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.02 million.