Exodus Movement (NYSEAMERICAN:EXOD) Stock Price Up 4.9% - What's Next?

Key Points

• Shares of Exodus Movement saw a **4.9% increase**, closing at **$29.25**, despite a **76% drop** in trading volume compared to the average session.
• Several analysts have issued positive ratings on Exodus Movement, with targets ranging from **$45.00 to $56.14**, and a consensus rating of **"Buy"** from nine analysts.
• The company has a market capitalization of **$877.33 million** and develops a platform for **blockchain asset investors** to manage their wealth.

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s stock price was up 4.9% on Tuesday . The stock traded as high as $29.30 and last traded at $29.25. Approximately 26,604 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 109,425 shares. The stock had previously closed at $27.88.

Wall Street Analysts Forecast Growth

EXOD has been the topic of a number of recent analyst reports. Cantor Fitzgerald began coverage on Exodus Movement in a report on Friday, August 15th. They issued an "overweight" rating and a $45.00 price objective on the stock. Northland Capmk upgraded Exodus Movement to a "strong-buy" rating in a research report on Thursday, July 17th. Zacks Research upgraded Exodus Movement from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. Finally, Northland Securities initiated coverage on Exodus Movement in a research report on Thursday, July 17th. They set an "outperform" rating and a $50.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $56.14.

Exodus Movement Stock Down 0.3%

The company's fifty day moving average is $29.22 and its two-hundred day moving average is $34.33. The stock has a market cap of $848.26 million, a price-to-earnings ratio of 10.50 and a beta of 0.19.

Hedge Funds Weigh In On Exodus Movement

Several institutional investors have recently added to or reduced their stakes in EXOD. CWM LLC acquired a new stake in Exodus Movement during the 1st quarter worth approximately $158,000. Cannon Global Investment Management LLC purchased a new position in Exodus Movement in the 1st quarter valued at $201,000. OMERS ADMINISTRATION Corp acquired a new position in Exodus Movement in the 1st quarter valued at $262,000. Invesco Ltd. purchased a new position in Exodus Movement during the 1st quarter worth $420,000. Finally, Vident Advisory LLC purchased a new position in Exodus Movement during the 2nd quarter worth $369,000.

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.