Expion360 Stock to Reverse Split on Tuesday, July 21st (NASDAQ:XPON)

Expion360 Inc. (NASDAQ:XPON) shares are scheduled to reverse split on Tuesday, July 21st. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 20th.

Expion360 Price Performance

XPON stock traded down $0.04 during mid-day trading on Friday, hitting $0.31. The company had a trading volume of 153,705 shares, compared to its average volume of 627,426. The company has a 50-day moving average price of $0.48 and a 200 day moving average price of $0.65. Expion360 has a 12-month low of $0.30 and a 12-month high of $5.50. The company has a market capitalization of $3.52 million, a price-to-earnings ratio of -0.26 and a beta of 0.49. The company has a quick ratio of 4.07, a current ratio of 6.44 and a debt-to-equity ratio of 0.03.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XPON shares. Wall Street Zen cut shares of Expion360 from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of Expion360

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

Expion360 Company Profile

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.