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Exodus Movement (NYSEAMERICAN:EXOD) Stock Price Up 9.4% - Still a Buy?

Exodus Movement logo with Computer and Technology background

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s share price traded up 9.4% during trading on Tuesday . The stock traded as high as $31.50 and last traded at $31.48. 74,580 shares changed hands during trading, a decline of 26% from the average session volume of 101,408 shares. The stock had previously closed at $28.77.

Wall Street Analysts Forecast Growth

EXOD has been the topic of several recent research reports. BTIG Research reiterated a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. Benchmark increased their price target on Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. HC Wainwright increased their price target on Exodus Movement from $50.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods started coverage on Exodus Movement in a report on Friday, May 2nd. They issued an "outperform" rating and a $65.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $59.60.

Read Our Latest Stock Analysis on EXOD

Exodus Movement Stock Performance

The business has a 50-day moving average price of $35.30 and a 200 day moving average price of $36.93. The stock has a market capitalization of $856.10 million, a P/E ratio of 23.14 and a beta of 0.59.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of Exodus Movement during the first quarter worth about $262,000. Invesco Ltd. purchased a new stake in shares of Exodus Movement during the first quarter worth about $420,000. CWM LLC purchased a new stake in shares of Exodus Movement during the first quarter worth about $158,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Exodus Movement during the first quarter worth about $201,000.

About Exodus Movement

(Get Free Report)

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.

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