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

Shares of Expion360 Inc. (NASDAQ:XPON) are going to reverse split on Tuesday, July 21st. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 20th.

Expion360 Stock Down 11.1%

NASDAQ:XPON traded down $0.04 during trading hours on Friday, hitting $0.31. The company had a trading volume of 153,705 shares, compared to its average volume of 88,853. The company has a quick ratio of 4.07, a current ratio of 6.44 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $0.48 and a 200 day moving average of $0.65. Expion360 has a 1 year low of $0.30 and a 1 year high of $5.50.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XPON. Wall Street Zen cut shares of Expion360 from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expion360 in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Expion360

A hedge fund recently raised its stake in Expion360 stock. Geode Capital Management LLC increased its stake in shares of Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to its most recent 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 reporting period. 34.50% of the stock is currently owned by hedge funds and other institutional investors.

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.