Exodus Movement (NYSEAMERICAN:EXOD) Trading Down 6.5% - Here's Why

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report) shares were down 6.5% on Tuesday . The stock traded as low as $31.51 and last traded at $31.51. Approximately 30,540 shares traded hands during trading, a decline of 71% from the average daily volume of 104,393 shares. The stock had previously closed at $33.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EXOD shares. Benchmark raised their price objective on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. HC Wainwright raised their price objective on shares of Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods started coverage on shares of Exodus Movement in a research note on Friday, May 2nd. They set an "outperform" rating and a $65.00 price target on the stock. BTIG Research reissued a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Finally, Northland Securities began coverage on Exodus Movement in a report on Thursday. They set an "outperform" rating and a $50.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $58.00.

Exodus Movement Trading Down 4.9%

The business has a 50 day moving average of $32.84 and a two-hundred day moving average of $38.27. The firm has a market cap of $1.04 billion, a P/E ratio of 28.14 and a beta of 0.26.

Institutional Trading of Exodus Movement

Institutional investors and hedge funds have recently modified their holdings of the business. Cannon Global Investment Management LLC bought a new position in Exodus Movement in the first quarter valued at about $201,000. CWM LLC bought a new position in shares of Exodus Movement during the first quarter worth about $158,000. Invesco Ltd. bought a new position in shares of Exodus Movement during the first quarter worth about $420,000. OMERS ADMINISTRATION Corp bought a new position in shares of Exodus Movement during the first quarter worth about $262,000. Finally, Floyd Financial Group LLC bought a new position in shares of Exodus Movement during the second quarter worth about $1,087,000.

Exodus Movement Company Profile

Exodus Movement, Inc develops blockchain asset investors platform to secure, exchange and manage wealth inside one application. The company was founded by Daniel Castagnoli and Jon Paul Richardson in 2015 and is headquartered in Omaha, NE.