Why Exponent Inc’s (EXPO) Stock Is Down 12.83%

By Jenna Brashear
February 02, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Exponent Inc before investing.

In this article, we go over a few key elements for understanding Exponent Inc’s stock price such as:

  • Exponent Inc’s current stock price and volume
  • Why Exponent Inc’s stock price changed recently
  • Upgrades and downgrades for EXPO from analysts
  • EXPO’s stock price momentum as measured by its relative strength

About Exponent Inc (EXPO)

Before we jump into Exponent Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Exponent, Inc., together with its subsidiaries, is a science and engineering consulting company. The Company's service offerings are provided on a project-by-project basis. Its segments include Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment is a service group providing technical consulting in different practices primarily in engineering, including biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences and vehicle engineering. The Environmental and Health segment provides services in the area of environmental, epidemiology and health risk analysis, including chemical regulation and food safety; ecological and biological sciences; environmental and earth sciences, and health sciences.

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Exponent Inc’s Stock Price as of Market Close

As of February 02, 2024, 4:00 PM, CST, Exponent Inc’s stock price was $78.39.

Exponent Inc is down 12.83% from its previous closing price of $89.93.

During the last market session, Exponent Inc’s stock traded between $87.97 and $90.09. Currently, there are 51.20 million shares of Exponent Inc stock available for purchase.

Exponent Inc’s price-earnings (P/E) ratio is currently at 45.6, which is high compared to the Business Support Services industry median of 27. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Exponent Inc Stock Price History

Exponent Inc’s (EXPO) price is currently down 11.11% so far this month.

During the month of February, Exponent Inc’s stock price has reached a high of $90.09 and a low of $68.70.

Over the last year, Exponent Inc has hit prices as high as $112.75 and as low as $64.61. Year to date, Exponent Inc’s stock is down 20.89%.

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What Caused Exponent Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 01, 2024, there was 1 analyst who downgraded Exponent Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Exponent Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Exponent Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Exponent Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Exponent Inc (EXPO) by visiting AAII Stock Evaluator.

Relative Price Strength of Exponent Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 01, 2024, Exponent Inc has a weighted four-quarter relative price strength of -3.73%, which translates to a Momentum Score of 55 and is considered to be Average.

Want to learn more about how Exponent Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Exponent Inc Stock Price: Bottom Line

As of February 2, 2024, Exponent Inc’s stock price is $78.39, which is down 12.83% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Exponent Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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