Exodus Movement (NYSEAMERICAN:EXOD) Trading 6.3% Higher - Here's Why

Exodus Movement, Inc. (NYSEAMERICAN:EXOD - Get Free Report)'s stock price rose 6.3% during trading on Wednesday . The company traded as high as $33.37 and last traded at $33.29. Approximately 19,544 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 104,510 shares. The stock had previously closed at $31.33.

Wall Street Analyst Weigh In

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

Exodus Movement Trading Up 5.0%

The company has a market cap of $1.09 billion, a PE ratio of 29.54 and a beta of 0.26. The firm's 50-day simple moving average is $32.47 and its two-hundred day simple moving average is $38.50.

Institutional Trading of Exodus Movement

Large investors have recently made changes to their positions in the business. CWM LLC purchased a new stake in Exodus Movement during the first quarter worth $158,000. Cannon Global Investment Management LLC purchased a new stake in Exodus Movement during the first quarter worth $201,000. OMERS ADMINISTRATION Corp purchased a new stake in Exodus Movement during the first quarter worth $262,000. Invesco Ltd. purchased a new stake in Exodus Movement during the first quarter worth $420,000. Finally, Floyd Financial Group LLC acquired a new position in Exodus Movement during the second quarter worth $1,087,000.

About Exodus Movement

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.