Exodus Movement (NYSEAMERICAN:EXOD) Stock Price Up 9.4% - Here's Why

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EXOD shares. Benchmark increased their price objective on shares of Exodus Movement from $38.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. BTIG Research reiterated a "buy" rating on shares of Exodus Movement in a report on Monday, May 12th. 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 objective for the company. Finally, HC Wainwright lifted their target price on Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $59.60.

Exodus Movement Price Performance

The company has a fifty day moving average of $35.77 and a two-hundred day moving average of $36.62. The stock has a market capitalization of $979.71 million, a P/E ratio of 26.48 and a beta of 0.63.

Institutional Investors Weigh In On Exodus Movement

Several institutional investors have recently bought and sold shares of EXOD. Invesco Ltd. bought a new stake in Exodus Movement during the first quarter worth approximately $420,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Exodus Movement in the 1st quarter worth $262,000. Cannon Global Investment Management LLC bought a new position in shares of Exodus Movement during the 1st quarter valued at about $201,000. Finally, CWM LLC bought a new position in shares of Exodus Movement during the 1st quarter valued at about $158,000.

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.

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