Zacks Small Cap Analysts Decrease Earnings Estimates for Expion360 Inc. (NASDAQ:XPON)

Expion360 Inc. (NASDAQ:XPON) – Equities researchers at Zacks Small Cap reduced their FY2023 earnings per share (EPS) estimates for shares of Expion360 in a note issued to investors on Tuesday, November 14th. Zacks Small Cap analyst B. Lantier now expects that the company will earn ($1.00) per share for the year, down from their prior estimate of ($0.91). The consensus estimate for Expion360’s current full-year earnings is ($0.91) per share. Zacks Small Cap also issued estimates for Expion360’s Q4 2023 earnings at ($0.23) EPS, Q1 2024 earnings at ($0.22) EPS, Q2 2024 earnings at ($0.21) EPS, Q3 2024 earnings at ($0.22) EPS, Q4 2024 earnings at ($0.21) EPS and FY2024 earnings at ($0.86) EPS.

Expion360 Stock Performance

XPON opened at $3.90 on Thursday. The company has a current ratio of 6.92, a quick ratio of 3.23 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $4.42 and its 200-day moving average is $4.74. The stock has a market cap of $26.95 million, a PE ratio of -4.06 and a beta of 0.51. Expion360 has a twelve month low of $0.90 and a twelve month high of $7.15.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XPON. Jane Street Group LLC bought a new position in Expion360 during the second quarter valued at about $25,000. Citadel Advisors LLC bought a new position in shares of Expion360 during the 3rd quarter valued at about $25,000. Barclays PLC acquired a new position in shares of Expion360 in the 4th quarter worth approximately $29,000. Millennium Management LLC bought a new stake in shares of Expion360 in the 4th quarter worth approximately $34,000. Finally, Cahill Wealth Management LLC acquired a new stake in Expion360 during the first quarter valued at approximately $134,000. Institutional investors and hedge funds own 2.12% of the company’s stock.

About Expion360

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; terminal blocks; and bus bars.