Exodus Movement (NYSEAMERICAN:EXOD – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($1.08) EPS for the quarter, FiscalAI reports. Exodus Movement had a negative net margin of 9.34% and a negative return on equity of 4.28%. The company had revenue of $22.75 million for the quarter.
Exodus Movement Stock Down 5.7%
Exodus Movement stock traded down $0.47 during mid-day trading on Monday, hitting $7.71. The company’s stock had a trading volume of 106,763 shares, compared to its average volume of 90,045. The stock has a market capitalization of $229.84 million, a P/E ratio of -12.05 and a beta of 1.90. Exodus Movement has a twelve month low of $5.89 and a twelve month high of $56.00. The stock’s fifty day moving average price is $8.23 and its two-hundred day moving average price is $13.38.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Zacks Research lowered shares of Exodus Movement from a “hold” rating to a “strong sell” rating in a research note on Friday, March 13th. BTIG Research decreased their price target on shares of Exodus Movement from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Northland Securities set a $15.00 price target on shares of Exodus Movement in a research report on Thursday, April 9th. Benchmark decreased their price target on shares of Exodus Movement from $42.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, Compass Point restated a “buy” rating and issued a $19.00 price target on shares of Exodus Movement in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $24.17.
Hedge Funds Weigh In On Exodus Movement
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXOD. FTX Recovery Trust acquired a new position in Exodus Movement in the 4th quarter worth approximately $26,969,000. Tidal Investments LLC acquired a new position in Exodus Movement in the 2nd quarter worth approximately $9,444,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Exodus Movement in the 2nd quarter worth approximately $2,118,000. Geode Capital Management LLC boosted its stake in Exodus Movement by 109.0% in the 2nd quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after purchasing an additional 63,501 shares during the period. Finally, Alps Advisors Inc. acquired a new position in Exodus Movement in the 3rd quarter worth approximately $447,000.
About Exodus Movement
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.
Read More
- Five stocks we like better than Exodus Movement
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Receive News & Ratings for Exodus Movement Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exodus Movement and related companies with MarketBeat.com's FREE daily email newsletter.
