Expion360 Inc’s (XPON) Stock Is Harder To Predict Than You Think

Expion360 Inc (NASDAQ:XPON) price on Thursday, April 18, rose 63.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.15.

A look at the stock’s price movement, the close in the last trading session was $1.93. Turning to its 52-week performance, $6.39 and $1.79 were the 52-week high and 52-week low respectively. Overall, XPON moved 0.96% over the past month.

Expion360 Inc’s market cap currently stands at around $22.18 million.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that XPON is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

XPON’s current price about 24.86% and -4.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.16, while 7-day volatility ratio is 21.30% and 13.49% in the 30-day chart. Further, Expion360 Inc (XPON) has a beta value of 0.72, and an average true range (ATR) of 0.35.

If we refocus on Expion360 Inc (NASDAQ:XPON), historical trading data shows that trading volumes averaged 19.21K over the past 3 months. The company’s latest data on shares outstanding shows there are 6.92 million shares.

The 37.37% of Expion360 Inc’s shares are in the hands of company insiders while institutional holders own 9.68% of the company’s shares. Current price change has pushed the stock -41.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XPON stock continues to rise going into the next quarter.

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