JMP Securities has recently raised Expensify Inc (EXFY) stock to Mkt Outperform rating, as announced on August 9, 2024, according to Finviz. Earlier, on May 28, 2024, Morgan Stanley had raised the stock rating. JP Morgan also initiated Underweight rating. Additionally, Loop Capital reduced Hold rating on August 9, 2023, with a target price of $6. JMP Securities analysts, in their report published on August 9, 2023, also reduced Mkt Perform rating for Expensify Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Expensify Inc (EXFY) Stock Trading Recap
On Tuesday, Expensify Inc (EXFY) stock saw a decline, ending the day at $2.29 which represents a decrease of $-0.03 or -1.29% from the prior close of $2.32. The stock opened at $2.48 and touched a low of $2.21 during the day, reaching a high of $2.49. The volume of shares traded was 0.52 million falling short of the average volume of 1.13 million.
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EXFY Stock Performance and Moving Averages
In recent trading, Expensify Inc (EXFY) stock price has shown some volatility, fluctuating -1.29% over the last five trades and 44.03% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -0.43%, and it has gained 53.69% in the previous three months. Currently, EXFY is trading at 5.97%, 18.40%, and 20.66% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, EXFY, a Technology sector stock, is trading -49.67% below its 52-week high but remains 84.68% above its 52-week low. The Average True Range (ATR) (14 days) of 0.18 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Expensify Inc’s Profitability and Valuation Ratios
Expensify Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -16.21% and a profit margin of -22.40%, with a gross margin of -0.43%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Expensify Inc’s market capitalization stands at $202.78 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 8.81. Additionally, the Price-to-Sales Ratio is 1.46, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.77, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 42.53% of Expensify Inc (EXFY)’s shares, while financial institutions hold 29.67%.
Notable insider trades include Barrett David Michael, Chief Executive Officer at Expensify Inc (EXFY), who sold 645938 shares on Aug 28 ’24, at $2.34 each, totaling $1.51 million. On Jul 09 ’24, Schaffer Ryan, Chief Financial Officer, sold 75000 shares for $2 each, amounting to $0.15 million.
