Exodus Movement, Inc. (NYSEAMERICAN:EXOD) Short Interest Update

Exodus Movement, Inc. (NYSEAMERICAN:EXOD) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 253,504 shares, a decline of 21.9% from the December 15th total of 324,565 shares. Based on an average trading volume of 100,606 shares, the short-interest ratio is currently 2.5 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 100,606 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

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

Exodus Movement Price Performance

Shares of NYSEAMERICAN EXOD remained flat at $16.60 during midday trading on Tuesday. 95,074 shares of the stock were exchanged, compared to its average volume of 109,875. The stock has a market capitalization of $486.88 million, a P/E ratio of 5.09 and a beta of 0.67. Exodus Movement has a 52 week low of $13.31 and a 52 week high of $117.40. The business’s 50 day moving average is $15.88 and its 200-day moving average is $24.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Floyd Financial Group LLC bought a new stake in shares of Exodus Movement during the second quarter worth $1,087,000. Geode Capital Management LLC boosted its stake in Exodus Movement by 109.0% in the 2nd 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Exodus Movement in the 2nd quarter worth $2,118,000. Tidal Investments LLC acquired a new stake in shares of Exodus Movement in the 2nd quarter valued at about $9,444,000. Finally, Vident Advisory LLC acquired a new stake in shares of Exodus Movement in the second quarter valued at approximately $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.