Expion360 (NASDAQ:XPON – Get Free Report) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Expion360 in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
View Our Latest Stock Analysis on XPON
Expion360 Stock Performance
NASDAQ:XPON opened at $3.85 on Friday. Expion360 has a 1 year low of $2.77 and a 1 year high of $19.20. The firm’s fifty day simple moving average is $4.85 and its 200 day simple moving average is $5.67. The company has a current ratio of 5.55, a quick ratio of 3.41 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $3.90 million, a PE ratio of -0.36 and a beta of 0.71.
Expion360 (NASDAQ:XPON – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported ($1.34) EPS for the quarter. The firm had revenue of $2.03 million during the quarter. Expion360 had a negative return on equity of 102.32% and a negative net margin of 82.32%.
Hedge Funds Weigh In On Expion360
A hedge fund recently raised its stake in Expion360 stock. Kingsbury Capital Investment Advisors LLC boosted its stake in shares of Expion360 Inc. (NASDAQ:XPON – Free Report) by 399.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,152 shares of the company’s stock after purchasing an additional 121,692 shares during the quarter. Kingsbury Capital Investment Advisors LLC owned 15.82% of Expion360 worth $68,000 at the end of the most recent quarter. 34.50% of the stock is owned by hedge funds and other institutional investors.
Expion360 Company Profile
Expion360, Inc is a lithium battery technology company focused on energy-storage solutions for recreational vehicles, marine applications, and other mobile and off-grid uses. The company designs and markets lithium iron phosphate (LiFePO4) battery systems intended to provide longer service life, lower weight, and greater usable capacity than conventional lead-acid batteries.
Its product portfolio includes 12-volt lithium batteries and battery systems sold under the e360 and VPR 4Ever brands, along with related battery-management technology, monitoring capabilities, charging equipment, and accessories.
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