Market cap of Expensify Inc [EXFY] reaches 172.78M – now what?

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Expensify Inc [NASDAQ: EXFY] stock went on an upward path that rose over 37.93% on Tuesday, amounting to a one-week price increase of more than 28.21%.

Over the last 12 months, EXFY stock dropped by -74.19%. The one-year Expensify Inc stock forecast points to a potential upside of 27.27. The average equity rating for EXFY stock is currently 2.67, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $172.78 million, with 70.57 million shares outstanding and 43.79 million shares in the current float. Compared to the average trading volume of 589.32K shares, EXFY stock reached a trading volume of 21838885 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Expensify Inc [EXFY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXFY shares is $2.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXFY stock is a recommendation set at 2.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Expensify Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on May 28, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price to Underweight. The new note on the price target was released on September 15, 2023, representing the official price target for Expensify Inc stock. Previously, the target price had yet another drop from $9 to $6, while Loop Capital kept a Hold rating on EXFY stock.

The Average True Range (ATR) for Expensify Inc is set at 0.15, with the Price to Sales ratio for EXFY stock in the period of the last 12 months amounting to 1.20. The Price to Book ratio for the last quarter was 1.62, with the Price to Cash per share for the same quarter was set at 0.85.

EXFY Stock Performance Analysis:

Expensify Inc [EXFY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.21. With this latest performance, EXFY shares gained by 35.14% in over the last four-week period, additionally sinking by -2.44% over the last 6 months – not to mention a drop of -74.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EXFY stock in for the last two-week period is set at 73.02, with the RSI for the last a single of trading hit 79.79, and the three-weeks RSI is set at 67.22 for Expensify Inc [EXFY]. The present Moving Average for the last 50 days of trading for this stock 1.5800, while it was recorded at 1.5900 for the last single week of trading, and 2.0500 for the last 200 days.

Insight into Expensify Inc Fundamentals:

Expensify Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.03 and a Current Ratio set at 2.03.

Expensify Inc [EXFY] Institutonal Ownership Details

The top three institutional holders of EXFY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in EXFY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in EXFY stock with ownership which is approximately 5.1238%.