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Expensify Inc (EXFY) gets rating Upgrade from JMP Securities

Expensify Inc’s recently made public that its Chief Operating Officer Muralidharan Anuradha unloaded Company’s shares for reported $6676.0 on Sep 16 ’24. In the deal valued at $2.28 per share,2,928 shares were sold. As a result of this transaction, Muralidharan Anuradha now holds 38,850 shares worth roughly $71872.5.

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Then, Muralidharan Anuradha sold 198 shares, generating $449 in total proceeds. Upon selling the shares at $2.27, the Chief Operating Officer now owns 39,090 shares.

Before that, Mills Jason Fahr sold 2,862 shares. Expensify Inc shares valued at $6,497 were divested by the Director at a price of $2.27 per share. As a result of the transaction, Mills Jason Fahr now holds 318,532 shares, worth roughly $0.59 million.

JMP Securities upgraded its Expensify Inc [EXFY] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late May from “an Underweight” to “an Equal-weight”. JP Morgan began covering EXFY with “an Underweight” recommendation on September 15, 2023. Loop Capital revised its rating on August 09, 2023. It rated EXFY as “a Hold” which previously was an “a Buy”.

Price Performance Review of EXFY

On Friday, Expensify Inc [NASDAQ:EXFY] saw its stock jump 2.21% to $1.85. Over the last five days, the stock has lost -7.50%. Expensify Inc shares have fallen nearly -25.10% since the year began. Nevertheless, the stocks have fallen -39.34% over the past one year. While a 52-week high of $3.42 was reached on 09/10/24, a 52-week low of $1.24 was recorded on 06/14/24. SMA at 50 days reached $2.1310, while 200 days put it at $1.8737.

Levels Of Support And Resistance For EXFY Stock

The 24-hour chart illustrates a support level at 1.7867, which if violated will result in even more drops to 1.7233. On the upside, there is a resistance level at 1.9017. A further resistance level may holdings at 1.9533. The Relative Strength Index (RSI) on the 14-day chart is 35.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2279, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.50%. Stochastics %K at 7.62% indicates the stock is a buying.

How much short interest is there in Expensify Inc?

A steep rise in short interest was recorded in Expensify Inc stocks on 2024-09-13, dropping by 20770.0 shares to a total of 0.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.48 million shares. There was a decline of -4.49%, which implies that there is a negative sentiment for the stock.

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