Expion360 Stock Drops as Nasdaq Timeline Pressures XPON
Expion360 shares fell 6.6% to $0.50 late Wednesday after Zacks downgraded the stock to Underperform, citing falling sales and growing losses. The battery maker remains below Nasdaq’s $1 minimum bid, with a compliance deadline of July 28. Net sales dropped 24% in Q1 to $1.6 million, and net loss widened to $1.8 million. Market cap stood at about $5.3 million as of 15:32 EDT.