Expensify Inc (NASDAQ:EXFY) saw an upside of 1.22% to close Friday at $3.31 after adding $0.04 on the day. The 5-day average trading volume is 704,580 shares of the company’s common stock. It has gained $3.47 in the past week and touched a new high 1 time within the past 5 days. An average of 692,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 762,396.
EXFY’s 1-month performance is -28.51% or -$1.17 on its low of $3.21 reached on 09/22/23. The company’s shares have touched a 52-week low of $3.23 and high of $16.33, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, EXFY has lost -62.51% or -$5.52 and has reached a new high 12 times. However, the current price is down -79.72% from the 52-week high price.
Insider Transactions
EXFY stock investors last saw insider trading activity on Sep 13.Barrett David Michael (Chief Executive Officer) most recently sold 30,000 shares at $3.86 per share on Sep 13. This transaction cost the insider $115,800. Chief Executive Officer, Barrett David Michael, sold 20,000 shares at a price of $4.09 on Sep 12. Then, on Sep 11, Chief Executive Officer Barrett David Michael sold 66,667 shares at a price of $3.88 per share. This transaction amounted to $258,668.
Valuation Metrics
EXFY stock has a beta of 1.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.66 while the price-to-book (PB) in the most recent quarter is 2.74, with the price to cash flow ratio at 21.41.
Expensify Inc’s quick ratio for the recent period was 2.94, with the current ratio over the same period at 2.94. In terms of profitability, the gross margin trailing 12 months is 58.74%. The trailing 12-month EBITDA margin is -5.41%. The firm’s gross profit as reported stood at $106.83 million against revenue of $169.5 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 29.29% to -$11.3 million, while revenue of -$5.95 million was 47.35% off the previous quarter. EBITDA for the quarter stood at more than -$7.99 million. EXFY stock balance sheet for the recent quarter shows that total liabilities totaled 112.52 million, with total debt at $65.24 million. Shareholders hold equity totaling $82.85 million.
Let’s look briefly at Expensify Inc (EXFY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 23.77% to suggest the stock is trending oversold, with historical volatility in this time period at 74.37%.
The stock’s 5-day moving average is $3.34, reflecting a -4.34% or -$0.15 change from its current price. EXFY is currently trading -24.43% above its 20-day SMA, -57.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -59.46% and SMA200 by-60.26%.
Stochastic %K and %D was 4.89% and 4.16% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 26.11%, while the 14-day stochastic is at 8.13% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at -0.24 and -0.43 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Expensify Inc (NASDAQ: EXFY), JP Morgan launched coverage with an Underweight rating. Analysts offering their rating for EXFY stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate EXFY as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is EXFY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $8.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Expensify Inc (EXFY) stock is $6.67.
