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

Expion360 Inc. (NASDAQ:XPON)’s stock is set 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

Shares of NASDAQ:XPON traded down $0.04 during trading hours on Friday, hitting $0.31. 153,705 shares of the company’s stock traded hands, compared to its average volume of 88,853. Expion360 has a 52 week low of $0.30 and a 52 week high of $5.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.07 and a current ratio of 6.44. The company’s fifty day simple moving average is $0.48 and its two-hundred day simple moving average is $0.65. The company has a market cap of $3.52 million, a price-to-earnings ratio of -0.26 and a beta of 0.49.

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

Analyst Ratings Changes

Several research firms recently issued reports on XPON. Wall Street Zen lowered shares of Expion360 from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Expion360 in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Expion360 stock. Geode Capital Management LLC increased its position in Expion360 Inc. (NASDAQ:XPON) by 207.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,639 shares of the company’s stock after purchasing an additional 46,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Expion360 worth $47,000 as of its most recent SEC filing. 34.50% of the stock is currently owned by 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.