Expion360 (NASDAQ:XPON) Trading Down 2.1%

Expion360 Inc. (NASDAQ:XPON)’s share price dropped 2.1% during trading on Friday . The company traded as low as $2.15 and last traded at $2.28. Approximately 56,232 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 242,954 shares. The stock had previously closed at $2.33.

Expion360 Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.11. The company has a market cap of $16.05 million, a price-to-earnings ratio of -2.13 and a beta of 0.41. The business has a 50 day simple moving average of $3.06 and a 200 day simple moving average of $4.07.

Expion360 (NASDAQ:XPON) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). The business had revenue of $0.86 million during the quarter, compared to analyst estimates of $0.98 million. Expion360 had a negative return on equity of 97.59% and a negative net margin of 124.66%. As a group, equities analysts forecast that Expion360 Inc. will post -1.07 EPS for the current year.

Hedge Funds Weigh In On Expion360

A hedge fund recently bought a new stake in Expion360 stock. Kestra Private Wealth Services LLC bought a new position in shares of Expion360 Inc. (NASDAQ:XPON) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $41,000. Kestra Private Wealth Services LLC owned about 0.14% of Expion360 as of its most recent SEC filing. 34.50% of the stock is owned by institutional investors.

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.