Expion360 (NASDAQ:XPON) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a report on Thursday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Expion360 Price Performance

Shares of NASDAQ:XPON opened at $3.76 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 5.55. The stock’s fifty day simple moving average is $4.86 and its two-hundred day simple moving average is $5.65. Expion360 has a 1-year low of $2.77 and a 1-year high of $19.20.

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

Institutional Trading of Expion360

An institutional investor recently raised its stake in Expion360 stock. Kingsbury Capital Investment Advisors LLC raised its holdings in Expion360 Inc. (NASDAQ:XPON) by 399.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,152 shares of the company’s stock after purchasing an additional 121,692 shares during the quarter. Kingsbury Capital Investment Advisors LLC owned 15.82% of Expion360 worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 34.50% of the stock is owned by institutional investors and hedge funds.

Expion360 Company Profile

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.