While Expensify Inc has overperformed by 2.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EXFY rose by 43.35%, with highs and lows ranging from $3.47 to $1.24, whereas the simple moving average jumped by 74.03% in the last 200 days.
On November 25, 2024, JMP Securities Downgraded Expensify Inc (NASDAQ: EXFY) to Mkt Perform. A report published by JMP Securities on August 09, 2024, Upgraded its rating to ‘Mkt Outperform’ for EXFY. Loop Capital August 09, 2023d its ‘Buy’ rating to ‘Hold’ for EXFY, as published in its report on August 09, 2023. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of Expensify Inc (EXFY)
Further, the quarter-over-quarter decrease in sales is -2.97%, showing a negative trend in the upcoming months.
Expensify Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -15.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and EXFY has an average volume of 537.95K. On a monthly basis, the volatility of the stock is set at 8.12%, whereas on a weekly basis, it is put at 9.10%, with a gain of 20.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.05, showing decline from the present price of $3.34, which can serve as yet another indication of whether EXFY is worth investing in or should be passed over.
How Do You Analyze Expensify Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 39.52%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.76% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EXFY shares are owned by institutional investors to the tune of 29.76% at present.
