Expion360 (NASDAQ:XPON) Stock Price Down 6.1% – Should You Sell?

Expion360 Inc. (NASDAQ:XPON) shares were down 6.1% during trading on Wednesday . The company traded as low as $0.8830 and last traded at $0.8830. Approximately 161,245 shares traded hands during trading, a decline of 54% from the average daily volume of 348,977 shares. The stock had previously closed at $0.9399.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XPON shares. Wall Street Zen upgraded Expion360 to a “hold” rating in a report on Saturday, September 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Expion360 Stock Down 6.1%

The company’s fifty day simple moving average is $1.25 and its 200 day simple moving average is $1.24. The company has a quick ratio of 5.69, a current ratio of 9.18 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $8.53 million, a PE ratio of -1.30 and a beta of 0.20.

Expion360 (NASDAQ:XPON) last announced its earnings results on Thursday, November 13th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.64. The firm had revenue of $2.39 million during the quarter, compared to analyst estimates of $2.68 million. Expion360 had a negative return on equity of 48.80% and a negative net margin of 21.76%. Analysts anticipate that Expion360 Inc. will post -21.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expion360

A hedge fund recently bought a new stake in Expion360 stock. Apollon Wealth Management LLC bought a new stake in shares of Expion360 Inc. (NASDAQ:XPON) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 43,228 shares of the company’s stock, valued at approximately $62,000. Apollon Wealth Management LLC owned approximately 1.25% of Expion360 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.50% of the company’s stock.

About Expion360

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.