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

Shares of Expion360 Inc. (NASDAQ:XPON) are scheduled to reverse split on the morning of 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 Trading Down 11.1%

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

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

Analysts Set New Price Targets

XPON has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expion360 in a research note on Monday, April 20th. Wall Street Zen downgraded Expion360 from a “hold” rating to a “strong sell” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Expion360

An institutional investor recently raised its stake in Expion360 stock. Geode Capital Management LLC grew its position in Expion360 Inc. (NASDAQ:XPON) by 207.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,639 shares of the company’s stock after purchasing an additional 46,339 shares during the period. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 at the end of the most recent quarter. Institutional investors own 34.50% of the company’s stock.

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.