Exyn Technologies, Inc.’s Lock-Up Period Will Expire on November 11th (NASDAQ:EXYN)

Exyn Technologies’ (NASDAQ:EXYN) lock-up period is set to expire on Wednesday, November 11th. Exyn Technologies had issued 2,500,000 shares in its initial public offering on May 15th. The total size of the offering was $19,375,000 based on an initial share price of $7.75. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EXYN shares. Weiss Ratings began coverage on shares of Exyn Technologies in a research report on Monday, August 24th. They set a “sell (e-)” rating on the stock. Wall Street Zen lowered shares of Exyn Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Exyn Technologies Stock Performance

Shares of EXYN opened at $2.24 on Friday. The company has a fifty day moving average price of $2.55. Exyn Technologies has a 52 week low of $1.50 and a 52 week high of $7.20.

Exyn Technologies (NASDAQ:EXYN) last released its earnings results on Thursday, August 20th. The company reported ($1.55) earnings per share (EPS) for the quarter. The firm had revenue of $0.95 million during the quarter.

Hedge Funds Weigh In On Exyn Technologies

A hedge fund recently bought a new position in Exyn Technologies stock. Alyeska Investment Group L.P. purchased a new position in shares of Exyn Technologies, Inc. (NASDAQ:EXYN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies Company Profile

Exyn Technologies develops autonomous robotics and software for operating in complex environments where GPS signals are unavailable or unreliable. Its systems are designed to collect and map data in places that can be difficult or hazardous for people to access.

The company’s offerings include autonomous aerial robots and its ExynAI autonomy software. These technologies support applications such as underground mine surveying, inspection and mapping, helping industrial customers gather information without relying on continuous human control.

Founded in 2014 and based in Philadelphia, Exyn serves mining and other industrial markets.