Modular Medical Inc (NASDAQ:MODD) Up Almost 34.04% In One Month, Looking Good For The Long Term

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In last trading session, Modular Medical Inc (NASDAQ:MODD) saw 58728.0 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.96 trading at $0.12 or 6.36% at ring of the bell on the day assigns it a market valuation of $63.72M. That closing price of MODD’s stock is at a discount of -13.27% from its 52-week high price of $2.22 and is indicating a premium of 53.06% from its 52-week low price of $0.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 55650.0 shares which gives us an average trading volume of 53.51K if we extend that period to 3-months.

Modular Medical Inc (NASDAQ:MODD) trade information

Modular Medical Inc’s shares saw a change of 7.53% in year-to-date performance and have moved 7.53% in past 5-day. Modular Medical Inc (NASDAQ:MODD) showed a performance of 34.04% in past 30-days. Number of shares sold short was 0.19 million shares which calculate 3.48 days to cover the short interests.

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1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 100k for the same. And 1 analysts are in estimates of company making revenue of 200k in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.20% during past 5 years.

Modular Medical Inc (NASDAQ:MODD)’s Major holders

Insiders are in possession of 10.03% of company’s total shares while institution are holding 40.77 percent of that, with stock having share float percentage of 45.31%. Investors also watch the number of corporate investors in a company very closely, which is 40.77% institutions for Modular Medical Inc that are currently holding shares of the company. SOLAS CAPITAL MANAGEMENT, LLC is the top institutional holder at MODD for having 1.88 million shares of worth $2.97 million. And as of 2024-06-30, it was holding 6.319 of the company’s outstanding shares.

The second largest institutional holder is SIO CAPITAL MANAGEMENT, LLC, which was holding about 1.54 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.171 of outstanding shares, having a total worth of $2.43 million.