Exodus Movement (NYSEAMERICAN:EXOD) Stock Price Up 7.6% – Time to Buy?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD)’s share price shot up 7.6% on Monday . The stock traded as high as $17.68 and last traded at $17.5770. 24,971 shares were traded during mid-day trading, a decline of 70% from the average session volume of 83,945 shares. The stock had previously closed at $16.34.

Analyst Upgrades and Downgrades

EXOD has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating on shares of Exodus Movement in a research report on Tuesday, November 25th. BTIG Research reduced their price target on shares of Exodus Movement from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Singular Research raised shares of Exodus Movement to a “strong-buy” rating in a research report on Tuesday, November 18th. Zacks Research lowered shares of Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, HC Wainwright reissued a “buy” rating and set a $25.00 target price on shares of Exodus Movement in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Exodus Movement currently has an average rating of “Buy” and a consensus target price of $46.71.

Exodus Movement Price Performance

The firm has a 50 day simple moving average of $16.53 and a 200-day simple moving average of $24.53. The stock has a market capitalization of $535.27 million, a price-to-earnings ratio of 5.56 and a beta of 0.67.

Exodus Movement (NYSEAMERICAN:EXOD) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.53 earnings per share for the quarter. The company had revenue of $30.34 million during the quarter. Exodus Movement had a net margin of 79.42% and a return on equity of 27.16%. On average, sell-side analysts forecast that Exodus Movement, Inc. will post 1.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

A number of institutional investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Exodus Movement in the 3rd quarter valued at about $58,000. Hennion & Walsh Asset Management Inc. bought a new stake in Exodus Movement in the third quarter valued at approximately $209,000. Hussman Strategic Advisors Inc. acquired a new stake in Exodus Movement in the third quarter worth $233,000. Vident Advisory LLC bought a new position in shares of Exodus Movement during the second quarter worth $369,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of Exodus Movement in the 3rd quarter valued at $388,000.

Exodus Movement Company Profile

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.