Exodus Movement (NYSEAMERICAN:EXOD) Trading 18.1% Higher – Time to Buy?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD)’s stock price traded up 18.1% on Wednesday . The stock traded as high as $17.52 and last traded at $17.3050. 98,523 shares changed hands during trading, a decline of 14% from the average session volume of 114,205 shares. The stock had previously closed at $14.65.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Singular Research raised shares of Exodus Movement to a “strong-buy” rating in a report on Tuesday, November 18th. Cantor Fitzgerald assumed coverage on shares of Exodus Movement in a report on Friday, August 15th. They issued an “overweight” rating and a $45.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and set a $40.00 price objective on shares of Exodus Movement in a research note on Tuesday. Benchmark restated a “buy” rating on shares of Exodus Movement in a report on Tuesday. Finally, Zacks Research upgraded Exodus Movement from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $48.14.

Exodus Movement Trading Up 21.9%

The company has a 50 day simple moving average of $24.58 and a two-hundred day simple moving average of $28.52. The firm has a market capitalization of $523.83 million, a P/E ratio of 5.42 and a beta of 0.11.

Exodus Movement (NYSEAMERICAN:EXOD) last released its quarterly earnings data on Monday, November 10th. The company reported $0.53 earnings per share (EPS) for the quarter. Exodus Movement had a return on equity of 27.16% and a net margin of 79.42%.The business had revenue of $30.34 million for the quarter. On average, sell-side analysts expect that Exodus Movement, Inc. will post 1.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Exodus Movement

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming bought a new position in Exodus Movement during the 3rd quarter worth about $58,000. CWM LLC purchased a new position in Exodus Movement in the first quarter valued at about $158,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Exodus Movement during the third quarter worth $209,000. Hussman Strategic Advisors Inc. acquired a new position in Exodus Movement during the 3rd quarter valued at about $233,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Exodus Movement in the first quarter worth about $262,000.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.