At the time of writing, Expensify Inc [EXFY] stock is trading at $1.51, up 4.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The EXFY shares have gain 0.67% over the last week, with a monthly amount drifted -17.49%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Loop Capital downgraded its rating to Hold on August 09, 2023, and dropped its price target to $6. On August 09, 2023, downgrade downgraded it’s rating to Mkt Perform. Morgan Stanley upgraded its rating to a Equal-Weight and decreased its price target to $5 on June 12, 2023. BMO Capital Markets downgraded its rating to a Market Perform and reduced its price target to $8.50 on May 10, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on January 17, 2023, and assigned it a price target of $9. In a note dated December 07, 2022, Lake Street initiated an Buy rating and provided a target price of $12 on this stock.
For the past year, the stock price of Expensify Inc fluctuated between $1.40 and $8.64. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Expensify Inc [NASDAQ: EXFY] shares were valued at $1.51 at the most recent close of the market. An investor can expect a potential return of 1555.63% based on the average EXFY price forecast.
Analyzing the EXFY fundamentals
According to Expensify Inc [NASDAQ:EXFY], the company’s sales were 150.69M for trailing twelve months, which represents an -19.00% plunge. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -0.42 and Total Capital is -0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4567 points at the first support level, and at 1.4033 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5467, and for the 2nd resistance point, it is at 1.5833.
Ratios To Look Out For
It is important to note that Expensify Inc [NASDAQ:EXFY] has a current ratio of 2.02. On the other hand, the Quick Ratio is 2.02, and the Cash Ratio is 1.11. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 1.28.
Transactions by insiders
Recent insider trading involved Barrett David Michael, Chief Executive Officer, that happened on Apr 17 ’24 when 16575.0 shares were sold. 10% Owner, McLaughlin Steven J. completed a deal on Apr 16 ’24 to buy 76079.0 shares. Meanwhile, Chief Executive Officer Barrett David Michael sold 16950.0 shares on Apr 16 ’24.
