Expensify Inc (NASDAQ: EXFY) – Time For Strategy Change?

Expensify Inc (NASDAQ:EXFY) currently has a daily average trading volume of 641.48K but it saw 1184484 shares traded in last market. With a market cap of 135.53M USD, the company’s current market price of $1.59 came rising about 5.30 while comparing to the previous closing price of $1.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.64 and as low as $1.40.

Taking a look at 20-day trading activity of Expensify Inc (EXFY) gives us an average price of $1.6155, while its current price level is -81.59% below from 52-week high level whereas it is 13.57% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.8048 while that of 200 days or SMA-200 reads an average of $3.1638. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.17% during that period while stretching the period over a month that decreases to 7.72%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.98 which implies that the stock is in neutral territory.

Loop Capital downgraded its recommendation for the stock as a “Hold” from “Buy” on August 09, 2023 while assigning a price target range of $9-$6.

Over the week, EXFY’s stock price is moving 8.16% up while it is -9.66% when we observe its performance for the past one month. Year-to-date it is -35.63% down and over the past year, the stock is showing a downside performance of -80.32%.

Currently, Expensify Inc’s total number of outstanding shares is 70.57M. Company’s return on investment (ROI) stands at -38.93% and return on equity (ROE) at -42.16%. It has a 7.87 of forward P/E ratio. Stock’s beta reads 1.50. Stock has a price to book (P/B) ratio of 1.35 while price to sale or P/S ratio amounts to 0.90. Its return on asset (ROA) is -21.31% on average.