Modular Medical Inc (NASDAQ: MODD): What It’s Worth And What To Do About It

Modular Medical Inc (NASDAQ:MODD)’s traded shares stood at 0.58 million during the last session. At the close of trading, the stock’s price was $2.33, to imply an increase of 6.39% or $0.14 in intraday trading. The MODD share’s 52-week high remains $2.65, putting it -13.73% down since that peak but still an impressive 60.52% since price per share fell to its 52-week low of $0.92. The company has a valuation of $75.86M, with an average of 2.32 million shares in intraday trading volume over the past 10 days and average of 414.67K shares over the past 3 months.

Modular Medical Inc (NASDAQ:MODD) trade information

After registering a 6.39% upside in the last session, Modular Medical Inc (MODD) has traded red over the past five days. The 5-day price performance for the stock is 2.64%, and 33.91% over 30 days. With these gigs, the year-to-date price performance is 28.02%. Short interest in Modular Medical Inc (NASDAQ:MODD) saw shorts transact 0.17 million shares and set a 2.69 days time to cover.

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Revenue forecast for the current quarter as set by 1 analysts is 100k. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 200k.Earnings reports from the last fiscal year show that sales brought in nan and nan respectively in the corresponding quarters.

MODD Dividends

Modular Medical Inc has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Modular Medical Inc insiders hold 10.03% of total outstanding shares, with institutional holders owning 40.77% of the shares at 45.31% float percentage. In total, 40.77% institutions holds shares in the company, led by SOLAS CAPITAL MANAGEMENT, LLC. As of 2024-06-30, the company held over 1.88 million shares (or 6.319% of shares), all amounting to roughly $2.97 million.

The next major institution holding the largest number of shares is SIO CAPITAL MANAGEMENT, LLC with 1.54 million shares, or about 5.171% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.43 million.

We also have Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Modular Medical Inc (MODD) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 876.66 shares. This is just over 13.72% of the total shares, with a market valuation of $2.04 million. Data from the same date shows that the other fund manager holds a little less at 140.92, or 2.21% of the shares, all valued at about 0.33 million.