Exodus Movement (NYSEAMERICAN:EXOD) Trading 7.6% Higher – Should You Buy?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) shares shot up 7.6% during mid-day trading on Monday . The stock traded as high as $17.68 and last traded at $17.5770. 24,971 shares changed hands during trading, a decline of 70% from the average session volume of 83,945 shares. The stock had previously closed at $16.34.

Wall Street Analysts Forecast Growth

EXOD has been the subject of a number of research analyst reports. Zacks Research lowered Exodus Movement from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 26th. HC Wainwright reissued a “buy” rating and issued a $25.00 price target on shares of Exodus Movement in a research note on Thursday, December 18th. BTIG Research decreased their target price on Exodus Movement from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Singular Research upgraded Exodus Movement to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Benchmark reiterated a “buy” rating on shares of Exodus Movement in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Exodus Movement currently has an average rating of “Buy” and a consensus target price of $46.71.

Exodus Movement Price Performance

The firm’s 50 day moving average price is $16.19 and its 200-day moving average price is $24.33. The stock has a market cap of $539.67 million, a P/E ratio of 5.61 and a beta of 0.67.

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

Institutional Investors Weigh In On Exodus Movement

Institutional investors have recently modified their holdings of the business. Floyd Financial Group LLC purchased a new stake in shares of Exodus Movement during the 2nd quarter valued at about $1,087,000. Geode Capital Management LLC boosted its position in Exodus Movement by 109.0% in the second quarter. Geode Capital Management LLC now owns 121,757 shares of the company’s stock worth $3,511,000 after purchasing an additional 63,501 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Exodus Movement during the 2nd quarter valued at about $2,118,000. Tidal Investments LLC bought a new stake in shares of Exodus Movement during the 2nd quarter valued at about $9,444,000. Finally, Vident Advisory LLC purchased a new stake in shares of Exodus Movement during the 2nd quarter valued at about $369,000.

Exodus Movement Company Profile

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.