In the last trading session, 1.15 million Modular Medical Inc (NASDAQ:MODD) shares changed hands as the company’s beta touched 0. With the company’s per share price at $2.27 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $73.91M. MODD’s last price was a discount, traded about -16.74% off its 52-week high of $2.65. The share price had its 52-week low at $0.92, which suggests the last value was 59.47% up since then. When we look at Modular Medical Inc’s average trading volume, we note the 10-day average is 2.2 million shares, with the 3-month average coming to 379.22K.
Modular Medical Inc (NASDAQ:MODD) trade information
The company’s shares are showing year-to-date upside of 24.73%, with the 5-day performance at 23.37% in the green. However, in the 30-day time frame, Modular Medical Inc (NASDAQ:MODD) is 44.59% up. Looking at the short shares, we see there were 0.19 million shares sold at short interest cover period of 3.48 days.
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Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 100k. 1 analysts are of the opinion that Modular Medical Inc’s revenue for the current quarter will be 200k.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -11.20%. The 2024 estimates are for Modular Medical Inc earnings to increase by 41.03%.
Modular Medical Inc (NASDAQ:MODD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.03% of Modular Medical Inc shares while 40.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.31%. There are 40.77% institutions holding the Modular Medical Inc stock share, with SOLAS CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 6.319% of the shares, roughly 1.88 million MODD shares worth $2.97 million.
SIO CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 5.171% or 1.54 million shares worth $2.43 million as of 2024-06-30.
