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Friday, September 29, 2023

An Evaluation Of Expensify Inc. (NASDAQ: EXFY) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Expensify Inc. (EXFY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 2.35%, to $3.92. The Expensify Inc. has recorded 14,207 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Small Business Expo Brings Expensify to Thousands of Attendees.

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Stocks Info

EXFY belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $3.83 and fluctuated between $4.1000 as its day high and $3.8009 as its day low. The current market capitalization of Expensify Inc. is $333.98M. A total of 0.96 million shares were traded on the day, compared to an average of 773.42K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EXFY has seen 40 BUY and 19 SELL insider trades, representing the acquisition of 1,449,182 and the disposition of 10,149,019 shares. Over the last 12 months, there were 96 BUYs and 61 SELLs from insiders. Insiders purchased 1,739,967 shares during that period but sold 10,787,798.

In the most recent transaction, Barrett David Michael sold 20,000 shares of EXFY for 4.09 per share on Sep 12. After the transaction, the Chief Executive Officer now owns 2,713,348 company shares. In a previous transaction on Sep 11, Barrett David Michael sold 66,667 shares at 3.88 per share. EXFY shares that Chief Executive Officer owns now total 2,733,348.

Among the insiders who sold shares, Barrett David Michael disposed of 263,333 shares on Sep 08 at a per-share price of $3.96. This resulted in the Chief Executive Officer holding 2,800,015 shares of EXFY after the transaction. In another insider transaction, Vidal Daniel sold 5,000 shares at $4.39 per share on Sep 01. Company shares held by the Director now total 89,232.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EXFY in the last 3 months, the mean price target is $7.14 with high estimates of $10.00 and low estimates of $5.00. In terms of 52-week highs and lows, EXFY has a high of $17.51 and a low of $3.81.

As of this writing, EXFY has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.08 per share and a lower estimate of -$0.02. The company reported an EPS of $0.05 in the last quarter, which was -37.50% lower than expectations of $0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EXFY’s latest balance sheet shows that the firm has $98.40M in Cash & Short Term Investments as of fiscal 2021. There were $69.97M in debt and $53.58M in liabilities at the time. Its Book Value Per Share was $1.22, while its Total Shareholder’s Equity was $76.61M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EXFY is Buy with a score of 3.63.

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