Exodus Movement (NYSEAMERICAN:EXOD) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• Exodus Movement (NYSEAMERICAN:EXOD) has been upgraded by Cantor Fitzgerald to a "strong-buy" rating, a positive indication for investors.
• Other analysts, including HC Wainwright and Northland Capital Markets, have increased their price targets for Exodus Movement, indicating a strong market sentiment around the stock.
• The stock has shown significant volatility, with a fifty-two week low of $12.02 and a high of $117.40, reflecting its potential for growth.

Stock analysts at Cantor Fitzgerald began coverage on shares of Exodus Movement (NYSEAMERICAN:EXOD - Get Free Report) in a report released on Friday, MarketBeat reports. The brokerage set an "overweight" rating and a $45.00 price target on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 56.14% from the stock's current price.

Several other equities research analysts have also commented on the company. Keefe, Bruyette & Woods started coverage on Exodus Movement in a research report on Friday, May 2nd. They issued an "outperform" rating and a $65.00 price objective on the stock. HC Wainwright increased their target price on Exodus Movement from $50.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. BTIG Research reiterated a "buy" rating on shares of Exodus Movement in a research report on Monday, May 12th. Northland Securities initiated coverage on Exodus Movement in a research report on Thursday, July 17th. They set an "outperform" rating and a $50.00 target price on the stock. Finally, Northland Capmk upgraded Exodus Movement to a "strong-buy" rating in a report on Thursday, July 17th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $56.14.

Exodus Movement Stock Performance

NYSEAMERICAN EXOD traded up $1.97 during trading hours on Friday, reaching $28.82. The stock had a trading volume of 155,503 shares, compared to its average volume of 136,165. The stock has a fifty day moving average of $31.39 and a 200 day moving average of $38.58. The stock has a market cap of $826.56 million, a P/E ratio of 10.37 and a beta of 0.24. Exodus Movement has a 52-week low of $12.02 and a 52-week high of $117.40.

Hedge Funds Weigh In On Exodus Movement

Several hedge funds and other institutional investors have recently made changes to their positions in EXOD. Cannon Global Investment Management LLC purchased a new position in shares of Exodus Movement in the 1st quarter valued at about $201,000. CWM LLC purchased a new position in shares of Exodus Movement in the 1st quarter valued at about $158,000. Invesco Ltd. purchased a new position in shares of Exodus Movement in the 1st quarter valued at about $420,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Exodus Movement in the 1st quarter valued at about $262,000. Finally, Floyd Financial Group LLC purchased a new position in shares of Exodus Movement in the 2nd quarter valued at about $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.