Expion360 (NASDAQ:XPON) Trading 1.9% Higher – Here’s Why

Expion360 Inc. (NASDAQ:XPON)’s share price was up 1.9% during mid-day trading on Tuesday . The company traded as high as $1.14 and last traded at $1.09. Approximately 576,573 shares were traded during trading, a decline of 73% from the average daily volume of 2,120,542 shares. The stock had previously closed at $1.07.

Analyst Ratings Changes

A number of research firms have issued reports on XPON. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expion360 in a report on Wednesday, October 8th. Wall Street Zen raised Expion360 to a “hold” rating in a research report on Saturday, September 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Expion360 Price Performance

The stock has a market cap of $10.53 million, a price-to-earnings ratio of -1.60 and a beta of 0.19. The stock’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $1.21. The company has a quick ratio of 5.69, a current ratio of 9.18 and a debt-to-equity ratio of 0.02.

Expion360 (NASDAQ:XPON) last posted its earnings results on Thursday, November 13th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.64. The company had revenue of $2.39 million during the quarter, compared to the consensus estimate of $2.68 million. Expion360 had a negative net margin of 21.76% and a negative return on equity of 48.80%. Equities research analysts forecast that Expion360 Inc. will post -21.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Expion360 stock. Apollon Wealth Management LLC acquired a new position in Expion360 Inc. (NASDAQ:XPON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,228 shares of the company’s stock, valued at approximately $62,000. Apollon Wealth Management LLC owned approximately 1.25% of Expion360 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.50% 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; power generators AURA POWERCAP; terminal blocks; and bus bars.