Exyn Technologies, Inc.’s Lock-Up Period Will Expire Tomorrow (NASDAQ:EXYN)

Exyn Technologies’ (NASDAQ:EXYN) lock-up period will expire on Wednesday, November 11th. Exyn Technologies had issued 2,500,000 shares in its IPO on May 15th. The total size of the offering was $19,375,000 based on an initial share price of $7.75. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Exyn Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings assumed coverage on shares of Exyn Technologies in a research note on Monday, August 24th. They issued a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Exyn Technologies presently has a consensus rating of “Sell”.

Exyn Technologies Stock Performance

Shares of EXYN opened at $2.30 on Tuesday. The company’s 50 day simple moving average is $2.53. Exyn Technologies has a twelve month low of $1.50 and a twelve month high of $7.20.

Exyn Technologies (NASDAQ:EXYN) last posted its earnings results on Thursday, August 20th. The company reported ($1.55) EPS for the quarter. The business had revenue of $0.95 million for the quarter.

Institutional Investors Weigh In On Exyn Technologies

A hedge fund recently bought a new stake in Exyn Technologies stock. Alyeska Investment Group L.P. bought a new stake in shares of Exyn Technologies, Inc. (NASDAQ:EXYN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 387,000 shares of the company’s stock, valued at approximately $2,012,000.

About Exyn Technologies

Exyn Technologies develops autonomous robotics and software for operating in complex environments where GPS signals are unavailable or unreliable. Its systems are designed to collect and map data in places that can be difficult or hazardous for people to access.

The company’s offerings include autonomous aerial robots and its ExynAI autonomy software. These technologies support applications such as underground mine surveying, inspection and mapping, helping industrial customers gather information without relying on continuous human control.

Founded in 2014 and based in Philadelphia, Exyn serves mining and other industrial markets.