Expion360 (NASDAQ:XPON) Trading 0.2% Higher – Time to Buy?

Shares of Expion360 Inc. (NASDAQ:XPON) were up 0.2% during mid-day trading on Wednesday . The company traded as high as $0.5399 and last traded at $0.5260. Approximately 99,171 shares changed hands during trading, a decline of 36% from the average daily volume of 154,500 shares. The stock had previously closed at $0.5250.

Analyst Ratings Changes

A number of equities analysts have issued reports on XPON shares. Wall Street Zen cut Expion360 from a “hold” rating to a “strong sell” rating in a report on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Expion360 currently has an average rating of “Sell”.

Expion360 Stock Performance

The stock has a fifty day simple moving average of $0.64 and a 200-day simple moving average of $0.81. The stock has a market cap of $6.02 million, a P/E ratio of -0.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.07 and a current ratio of 6.44.

Expion360 (NASDAQ:XPON) last released its earnings results on Friday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter. Expion360 had a negative return on equity of 115.70% and a negative net margin of 74.66%.The firm had revenue of $1.57 million for the quarter.

Hedge Funds Weigh In On Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC lifted its holdings in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the period. Geode Capital Management LLC owned about 0.71% of Expion360 worth $47,000 at the end of the most recent quarter. 34.50% of the stock is currently owned by institutional investors.

About Expion360

Expion360, trading under the ticker XPON on the NASDAQ, is a cybersecurity software company that operates through its Leviathan Security Group division. The company’s flagship offering, the Leviathan Platform, delivers a unified risk management solution designed to help organizations identify, assess and remediate cybersecurity vulnerabilities. By consolidating compliance management, threat detection and data protection into a single platform, Expion360 enables enterprises to streamline security workflows and maintain continuous visibility into their cyber risk posture.

The Leviathan Platform encompasses modules for vulnerability scanning, automated compliance mapping to frameworks such as NIST, HIPAA and PCI DSS, real-time threat intelligence and incident response orchestration.