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

Expion360 Inc. (NASDAQ:XPON) shares are going to reverse split on the morning of 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 Price Performance

NASDAQ:XPON traded down $0.04 during mid-day trading on Friday, reaching $0.31. 153,705 shares of the company’s stock traded hands, compared to its average volume of 88,853. The company has a 50 day moving average price of $0.48 and a 200-day moving average price of $0.65. The company has a quick ratio of 4.07, a current ratio of 6.44 and a debt-to-equity ratio of 0.03. Expion360 has a 12-month low of $0.30 and a 12-month high of $5.50.

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

Analyst Ratings Changes

A number of brokerages have issued reports on XPON. Wall Street Zen downgraded shares of Expion360 from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expion360 in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Expion360

An institutional investor recently raised its stake in Expion360 stock. Geode Capital Management LLC increased its stake in Expion360 Inc. (NASDAQ:XPON) by 207.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,639 shares of the company’s stock after buying an additional 46,339 shares during the period. Geode Capital Management LLC owned 0.71% of Expion360 worth $47,000 as of its most recent filing with the Securities & Exchange Commission. 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.