The stock of Expensify Inc (NASDAQ: EXFY) has increased by 5.43 when compared to last closing price of 3.49. Despite this, the company has experienced a 12.87% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Expensify’s Q3 2024 results show declining revenue but improved free cash flow guidance. The global expense and travel management software market is projected to grow significantly, driven by mobile device use, cost reduction demands, and AI technologies. Despite stable gross margins and reduced SG&A costs, Expensify’s revenue growth remains challenged, with a focus on transitioning to its Platform 2.0 approach.
Is It Worth Investing in Expensify Inc (NASDAQ: EXFY) Right Now?
The 36-month beta value for EXFY is at 1.91. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for EXFY is 55.00M, and currently, shorts hold a 0.83% of that float. The average trading volume for EXFY on December 06, 2024 was 563.40K shares.
EXFY’s Market Performance
EXFY’s stock has seen a 12.87% increase for the week, with a 91.64% rise in the past month and a 43.73% gain in the past quarter. The volatility ratio for the week is 6.37%, and the volatility levels for the past 30 days are at 8.63% for Expensify Inc The simple moving average for the last 20 days is 18.27% for EXFY stock, with a simple moving average of 85.65% for the last 200 days.
Analysts’ Opinion of EXFY
JMP Securities, on the other hand, stated in their research note that they expect to see EXFY reach a price target of $2.50. The rating they have provided for EXFY stocks is “Mkt Outperform” according to the report published on August 09th, 2024.
EXFY Trading at 56.46% from the 50-Day Moving Average
After a stumble in the market that brought EXFY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.78% of gains for the given period.
Volatility was left at 8.63%, however, over the last 30 days, the volatility rate increased by 6.37%, as shares surge +83.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.46% upper at present.
During the last 5 trading sessions, EXFY rose by +11.20%, which changed the moving average for the period of 200-days by +127.99% in comparison to the 20-day moving average, which settled at $3.11. In addition, Expensify Inc saw 48.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EXFY starting from Muralidharan Anuradha, who sale 29,410 shares at the price of $3.40 back on Dec 03 ’24. After this action, Muralidharan Anuradha now owns 3,941 shares of Expensify Inc, valued at $99,994 using the latest closing price.
Anuradha Muralidharan, the Officer of Expensify Inc, proposed sale 29,410 shares at $3.40 during a trade that took place back on Dec 03 ’24, which means that Anuradha Muralidharan is holding shares at $100,000 based on the most recent closing price.
Stock Fundamentals for EXFY
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.53 for the gross margin
The net margin for Expensify Inc stands at -0.12. The total capital return value is set at -0.06. Equity return is now at value -15.10, with -8.35 for asset returns.
Based on Expensify Inc (EXFY), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 2.76. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -5.26.
Currently, EBITDA for the company is -27.98 million with net debt to EBITDA at 8.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.14. The receivables turnover for the company is 10.86for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.86.
Conclusion
In conclusion, Expensify Inc (EXFY) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
