Should Investors Trust The Upside Potential In Expion360 Inc (XPON)?

Expion360 Inc (NASDAQ:XPON) currently has a daily average trading volume of 9.32M but it saw 10481912 shares traded in last market. With a market cap of 3.72M USD, the company’s current market price of $0.07 came rising about 13.01 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.39 and as low as $0.06. In the recent trading on the day, stock has struck highest price mark of $0.0593 while lowest mark touched by it was $0.067.

Taking a look at 20-day trading activity of Expion360 Inc (XPON) gives us an average price of $0.0759, while its current price level is -98.95% below from 52-week high level whereas it is 15.15% 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 $0.5037 while that of 200 days or SMA-200 reads an average of $2.6445. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.94% during that period while stretching the period over a month that increases to 14.51%. 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 19.78 which implies that the stock is in oversold territory.

Over the week, XPON’s stock price is moving -5.37% down while it is -74.05% when we observe its performance for the past one month. Year-to-date it is -98.76% down and over the past year, the stock is showing a downside performance of -98.62%.

Currently, Expion360 Inc’s total number of outstanding shares is 55.58M. Company’s return on investment (ROI) stands at -178.70% and return on equity (ROE) at -153.29%. Stock’s beta reads 0.23. Stock has a price to book (P/B) ratio of 0.20 while price to sale or P/S ratio amounts to 0.74. Its return on asset (ROA) is -76.17% on average.