Investors Getting Picky When It Comes To Buying Expion360 Inc (XPON)

Expion360 Inc (NASDAQ:XPON) does about 106.33K shares in volume on a normal day but saw 15925990 shares change hands in the recent trading day. The company now has a market cap of 1.94M USD. Its current market price is $0.26, marking an increase of 0.97% compared to the previous close of $0.26. The 52 week high reached by this stock is $6.39 whilst the lowest price level in 52 weeks is $0.24.

Expion360 Inc (XPON) has a 20-day trading average at $0.6883 and the current price is -95.93% off the 52-week high compared with 8.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0381 and its 200-day simple moving average is $3.0713. If we look at the stock’s price movements over the week, volatility stands at 29.55%, which decreases to 22.77% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 19.71 to suggest the stock is oversold.

The consensus objective for the share price is $2.70, suggesting that the stock has a potential upside of 90.37% over the period.

Expion360 Inc (XPON) stock is down -43.61% over the week and -72.04% over the past month. Its price is -95.17% year-to-date and -94.97% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at -0.27 and -1.02 for whole year. Expected sales for next quarter are $1.85M, which analysts say will come at $5.9M for the current fiscal year and next year at $7.62M. In addition, estimates put the company’s current quarterly revenue at an average of $1.36M.

To reach the target analysts have set, the stock logically needs to grow 90.37 percent from here.

The company has a return on investment of -127.83% and return on equity of -112.77%. The beta has a value of 0.75. Price to book ratio is 0.50 and price to sales ratio is 0.36.