Will XPON surge today

XPON is not expected to surge today. Here's why:

1. Financial Performance: Expion360 Inc. (XPON) has reported a net loss of $2.22 million for the second quarter of 2024, which is a 50% increase from the previous year. Additionally, the company's revenue has decreased by 26% to $1.28 million compared to the previous year. These financial results indicate that the company is currently unprofitable and facing a challenging financial situation.
2. Stock Price Trend: The stock price of XPON has experienced a significant decline, with a 1-week percentage change of 213.29% and a 1-month percentage change of 115.94%. However, it's important to note that the recent surge in stock price does not necessarily indicate a positive trend, as the stock has also experienced a steep decline of -98.57% over the past year.

3. Technical Indicators: The stock's 5-day moving average is $0.08, and the 10-day moving average is $0.07. These indicators suggest that the stock is currently experiencing short-term volatility.

4. Market Sentiment: The sentiment around XPON is negative, with the company's stock being heavily shorted, indicating a lack of confidence in the company's future prospects. Additionally, the company has missed earnings expectations, which could further negatively impact investor sentiment.
5. Upcoming Events: There are no scheduled earnings reports for XPON in the next trading day, which means that there won't be any new financial information to influence the stock price.

In conclusion, while there has been a recent surge in the stock price of XPON, the company's financial performance, market sentiment, and technical indicators suggest that the stock is not likely to continue its upward trend today. Investors should exercise caution and consider these factors when making investment decisions.