Expion360 (NASDAQ:XPON) Trading Down 2.1%

Expion360 Inc. (NASDAQ:XPON)’s share price fell 2.1% during trading on Friday . The company traded as low as $2.15 and last traded at $2.28. 56,232 shares were traded during trading, a decline of 77% from the average session volume of 242,954 shares. The stock had previously closed at $2.33.

Expion360 Trading Down 2.1 %

The stock has a market cap of $16.05 million, a PE ratio of -2.13 and a beta of 0.41. The business has a 50-day moving average of $3.06 and a 200 day moving average of $4.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.11 and a current ratio of 2.06.

Expion360 (NASDAQ:XPON) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). The company had revenue of $0.86 million for the quarter, compared to analysts’ expectations of $0.98 million. Expion360 had a negative return on equity of 97.59% and a negative net margin of 124.66%. Equities research analysts predict that Expion360 Inc. will post -1.07 EPS for the current fiscal year.

Institutional Trading of Expion360

An institutional investor recently bought a new position in Expion360 stock. AE Wealth Management LLC purchased a new stake in Expion360 Inc. (NASDAQ:XPON) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,465 shares of the company’s stock, valued at approximately $88,000. AE Wealth Management LLC owned 0.31% of Expion360 at the end of the most recent reporting period. Institutional investors and hedge funds own 34.50% of the company’s stock.

Expion360 Company Profile

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.