Expensify Inc (NASDAQ:EXFY) Stock Ripped 45.75% Year-To-Date, What Will Happen Next?

In last trading session, Expensify Inc (NASDAQ:EXFY) saw 0.51 million shares changing hands with its beta currently measuring 1.83. Company’s recent per share price level of $3.60 trading at $0.04 or 1.12% at ring of the bell on the day assigns it a market valuation of $320.27M. That closing price of EXFY’s stock is at a discount of -14.72% from its 52-week high price of $4.13 and is indicating a premium of 65.56% 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 0.78 million shares which gives us an average trading volume of 600.80K 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 2.20. 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 0.07 in the current quarter.

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Expensify Inc (NASDAQ:EXFY) trade information

Upright in the green during last session for gaining 1.12%, in the last five days EXFY remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $3.60 price level, adding 9.55% to its value on the day. Expensify Inc’s shares saw a change of 45.75% in year-to-date performance and have moved -6.98% in past 5-day. Expensify Inc (NASDAQ:EXFY) showed a performance of 17.26% in past 30-days. Number of shares sold short was 0.5 million shares which calculate 0.61 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a fall of -44.0% 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 2.5. It follows that stock’s current price would jump 30.56% in reaching the projected high whereas dropping to the targeted low would mean a gain of 30.56% for stock’s current value.

Expensify Inc (EXFY) estimates and forecasts

Statistics highlight that Expensify Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 138.41% of value to its shares in past 6 months, showing an annual growth rate of 3,300.00% while that of industry is 23.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -8.26% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 36.03M for the same. And 3 analysts are in estimates of company making revenue of 36.23M in the next quarter. Company posted 35.21M and 33.53M of sales in current and next quarters respectively a year earlier.

Expensify Inc (NASDAQ:EXFY)’s Major holders

Insiders are in possession of 31.39% of company’s total shares while institution are holding 34.87 percent of that, with stock having share float percentage of 50.82%. Investors also watch the number of corporate investors in a company very closely, which is 34.87% 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.