Exodus Movement (NYSEAMERICAN:EXOD) Hits New 52-Week Low – Time to Sell?

Exodus Movement, Inc. (NYSEAMERICAN:EXOD)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $18.79 and last traded at $18.83, with a volume of 34753 shares traded. The stock had previously closed at $19.91.

Analyst Ratings Changes

A number of analysts have recently commented on EXOD shares. Northland Capmk raised Exodus Movement to a “strong-buy” rating in a research note on Thursday, July 17th. Benchmark reduced their price target on shares of Exodus Movement from $58.00 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday. Zacks Research upgraded shares of Exodus Movement from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. BTIG Research reduced their target price on Exodus Movement from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday. Finally, Cantor Fitzgerald initiated coverage on Exodus Movement in a report on Friday, August 15th. They issued an “overweight” rating and a $45.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Exodus Movement currently has an average rating of “Buy” and a consensus target price of $53.86.

Exodus Movement Price Performance

The firm’s 50 day moving average is $26.65 and its 200 day moving average is $30.28. The company has a market cap of $537.94 million, a PE ratio of 5.64 and a beta of 0.11.

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

Institutional Trading of Exodus Movement

Several institutional investors and hedge funds have recently modified their holdings of EXOD. State of Wyoming purchased a new position in shares of Exodus Movement during the third quarter worth about $58,000. CWM LLC bought a new stake in Exodus Movement during the first quarter valued at approximately $158,000. OMERS ADMINISTRATION Corp bought a new position in shares of Exodus Movement in the 1st quarter worth $262,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Exodus Movement during the 3rd quarter valued at $209,000. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of Exodus Movement during the 3rd quarter worth $233,000.

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.