Expion360 (XPON) Scheduled to Post Earnings on Thursday

Expion360 (NASDAQ:XPON) will be issuing its quarterly earnings data after the market closes on Thursday, March 28th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Expion360 Stock Up 6.0 %

XPON stock opened at $3.34 on Wednesday. Expion360 has a 52 week low of $3.03 and a 52 week high of $6.39. The company has a current ratio of 4.00, a quick ratio of 1.89 and a debt-to-equity ratio of 0.07. The company has a market cap of $23.35 million, a P/E ratio of -3.48 and a beta of 0.49. The company’s 50-day moving average price is $3.91 and its 200 day moving average price is $4.38.

Insider Activity

In other Expion360 news, major shareholder John Henry Yozamp sold 23,035 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $4.72, for a total transaction of $108,725.20. Following the completion of the transaction, the insider now directly owns 1,727,182 shares in the company, valued at approximately $8,152,299.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 30.90% of the company’s stock.

Hedge Funds Weigh In On Expion360

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Expion360 by 28.4% in the 4th quarter. Vanguard Group Inc. now owns 39,179 shares of the company’s stock worth $211,000 after acquiring an additional 8,654 shares during the period. Geode Capital Management LLC lifted its position in shares of Expion360 by 29.1% during the second quarter. Geode Capital Management LLC now owns 28,669 shares of the company’s stock worth $142,000 after purchasing an additional 6,462 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Expion360 in the fourth quarter valued at $34,000. Citadel Advisors LLC acquired a new stake in Expion360 during the 3rd quarter valued at $25,000. Finally, Barclays PLC purchased a new stake in Expion360 during the 4th quarter worth $29,000. Institutional investors and hedge funds own 34.50% of the company’s stock.

About Expion360

Expion360 Inc designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It provides battery monitors; direct current battery chargers; various models of industrial tie-downs; power generators AURA POWERCAP; terminal blocks; and bus bars.