Exyn Technologies (NASDAQ:EXYN) Stock Price Up 7% – What’s Next?

Exyn Technologies, Inc. (NASDAQ:EXYN) shares rose 7% on Tuesday. The stock traded as high as $3.09 and last traded at $2.91. 933,575 shares changed hands during trading, an increase of 41% from the average session volume of 662,641 shares. The stock had previously closed at $2.72.

Wall Street Analyst Weigh In

EXYN has been the topic of a number of recent research reports. Weiss Ratings assumed coverage on shares of Exyn Technologies in a research report on Monday, August 24th. They issued a “sell (e-)” rating on the stock. Wall Street Zen cut shares of Exyn Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Exyn Technologies presently has an average rating of “Sell”.

Exyn Technologies Stock Performance

The firm has a 50 day moving average price of $2.58.

Exyn Technologies (NASDAQ:EXYN) last released its earnings results on Thursday, August 20th. The company reported ($1.55) earnings per share (EPS) for the quarter. The company had revenue of $0.95 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Exyn Technologies stock. Alyeska Investment Group L.P. acquired a new position in shares of Exyn Technologies, Inc. (NASDAQ:EXYN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies Company Profile

Exyn Technologies is a robotics company that develops autonomous aerial systems for industrial environments where GPS and other conventional navigation technologies may be unavailable or unreliable. Its technology is designed to help organizations collect data and create three-dimensional maps of complex, hazardous, or difficult-to-access locations.

The company’s product portfolio includes autonomous drones and supporting software for exploration, inspection, surveying, and mapping. Exyn’s systems are intended for applications across industries such as mining, construction, infrastructure, and industrial operations, allowing users to gather information while reducing the need to send personnel into potentially dangerous areas.

Exyn was founded as a Carnegie Mellon University robotics spinout and has developed technology that enables drones to navigate and operate with limited or no external positioning infrastructure.