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Thursday, January 21, 2021

Can We Expect More Volatility From eXp World Holdings Inc. (EXPI)?

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eXp World Holdings Inc. (EXPI) shares are trading at higher $50.57 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $51.50.

To add more color to this target, the company’s high over the last year is $62.50 and the low is $6.51. Over the last 52 weeks, EXPI is up 408.75% while the S&P 500 is up 14.95%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, EXPI reported a profit of $15.22 million. eXp World Holdings Inc. also saw revenues increase to $564.02 million. In addition, EXPI has free cash flow of $85.52 million as of 09-2020. The company’s EBITDA came in at $16.27 million which compares well with its peers.

EXPI booked profit margins of 1.70%, its Return on Equity (ROE) is 32.60%, and its Return on Assets is 16.30%. All told, it is clear that, EXPI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EXPI has a short ratio of 1.48 and outstanding shares of 69.26M.

Company Outlook

EXPI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.94 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.33. Investors should also keep an eye on sector updates as EXPI has historically followed its peers on positive news.

All told, eXp World Holdings Inc. EXPI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EXPI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

eXp World Holdings Inc. EXPI is now commanding a market cap of 3.31B and a float of 30.67M. EXPI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EXPI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in EXPI, either long or short, and we have not been compensated for this article.

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