Expion360 (NASDAQ:XPON) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Expion360 (NASDAQ:XPON) to a sell rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a research note on Thursday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Expion360 Trading Down 2.0%

NASDAQ:XPON opened at $3.85 on Friday. The firm has a market cap of $3.89 million, a price-to-earnings ratio of -0.36 and a beta of 0.71. The company’s 50 day moving average is $4.85 and its 200-day moving average is $5.67. Expion360 has a 12 month low of $2.77 and a 12 month high of $19.20. The company has a quick ratio of 3.41, a current ratio of 5.55 and a debt-to-equity ratio of 0.03.

Expion360 (NASDAQ:XPON) last released its earnings results on Friday, August 7th. The company reported ($1.34) earnings per share (EPS) for the quarter. The business had revenue of $2.03 million during the quarter. Expion360 had a negative net margin of 82.32% and a negative return on equity of 102.32%.

Institutional Trading of Expion360

A hedge fund recently raised its position in Expion360 stock. Kingsbury Capital Investment Advisors LLC boosted its holdings in Expion360 Inc. (NASDAQ:XPON) by 399.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,152 shares of the company’s stock after buying an additional 121,692 shares during the period. Kingsbury Capital Investment Advisors LLC owned approximately 15.82% of Expion360 worth $68,000 as of its most recent SEC filing. Institutional investors and hedge funds own 34.50% of the company’s stock.

About Expion360

Expion360, Inc is a lithium battery technology company focused on energy-storage solutions for recreational vehicles, marine applications, and other mobile and off-grid uses. The company designs and markets lithium iron phosphate (LiFePO4) battery systems intended to provide longer service life, lower weight, and greater usable capacity than conventional lead-acid batteries.

Its product portfolio includes 12-volt lithium batteries and battery systems sold under the e360 and VPR 4Ever brands, along with related battery-management technology, monitoring capabilities, charging equipment, and accessories.