Exyn Technologies, Inc.’s (NASDAQ:EXYN) Lock-Up Period Will End on November 11th

Exyn Technologies’ (NASDAQ:EXYN) lock-up period is set to end on Wednesday, November 11th. Exyn Technologies had issued 2,500,000 shares in its public offering on May 15th. The total size of the offering was $19,375,000 based on an initial share price of $7.75. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Ratings Changes

Several equities analysts have weighed in on EXYN shares. Weiss Ratings initiated coverage on Exyn Technologies in a report on Monday, August 24th. They set a “sell (e-)” rating on the stock. Wall Street Zen downgraded Exyn Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Exyn Technologies currently has a consensus rating of “Sell”.

Exyn Technologies Stock Performance

Shares of EXYN stock opened at $2.12 on Friday. Exyn Technologies has a 12 month low of $1.50 and a 12 month high of $7.20. The company’s 50 day moving average is $2.58.

Exyn Technologies (NASDAQ:EXYN) last released its quarterly earnings results on Thursday, August 20th. The company reported ($1.55) EPS for the quarter. The firm 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. purchased a new stake in Exyn Technologies, Inc. (NASDAQ:EXYN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies Company Profile

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.