Exodus Movement (NYSEAMERICAN:EXOD) Shares Down 3.1% – Time to Sell?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD)’s stock price was down 3.1% during mid-day trading on Monday . The company traded as low as $9.47 and last traded at $9.55. Approximately 53,620 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 103,932 shares. The stock had previously closed at $9.86.

Analysts Set New Price Targets

Several brokerages recently weighed in on EXOD. BTIG Research decreased their price target on Exodus Movement from $40.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Benchmark restated a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 target price on shares of Exodus Movement in a report on Thursday, December 18th. Singular Research upgraded shares of Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Zacks Research cut shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $42.83.

Exodus Movement Trading Down 3.1%

The stock’s 50 day moving average price is $13.94 and its two-hundred day moving average price is $20.41. The firm has a market capitalization of $280.10 million, a price-to-earnings ratio of 2.91 and a beta of 0.70.

Institutional Investors Weigh In On Exodus Movement

A number of hedge funds and other institutional investors have recently modified their holdings of EXOD. State of Wyoming acquired a new stake in shares of Exodus Movement in the 3rd quarter worth approximately $58,000. Royal Bank of Canada boosted its position in Exodus Movement by 42,971.4% during the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after purchasing an additional 3,008 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Exodus Movement in the third quarter valued at $209,000. Hussman Strategic Advisors Inc. acquired a new stake in Exodus Movement in the third quarter valued at $233,000. Finally, Aristides Capital LLC purchased a new position in shares of Exodus Movement in the fourth quarter valued at $164,000.

Exodus Movement Company Profile

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.