In today’s recent session, 0.42 million shares of the Modular Medical Inc (NASDAQ:MODD) were traded. Most recently the company’s share price was $2.32, and it changed around $0.05 or 1.98% from the last close, which brings the market valuation of the company to $75.38M. MODD at last check was trading at a discount to its 52-week high of $2.65, offering almost -14.22% off that amount. The share price’s 52-week low was $0.92, which indicates that the recent value has risen by an impressive 60.34% since then. We note from Modular Medical Inc’s average daily trading volume that its 10-day average is 2.46 million shares, with the 3-month average coming to 437.30K.
Modular Medical Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended MODD as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Modular Medical Inc is expected to report earnings per share of -0.11 for the current quarter.
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Modular Medical Inc (NASDAQ:MODD) trade information
Instantly MODD has been showing a green trend so far today with a performance of 1.98% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.41 on recent trading dayincreased the stock’s daily price by 3.73%. The company’s shares are currently up 27.20% year-to-date, but still up 12.38% over the last five days. On the other hand, Modular Medical Inc (NASDAQ:MODD) is 36.18% up in the 30-day period. We can see from the shorts that 0.17 million shares have been sold at a short interest cover period of 2.69 day(s).
Modular Medical Inc (MODD) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 42.10% in revenue this quarter, and will report an increase of 52.20% in the next quarter.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 100k in revenue for the current quarter. 1 analysts expect Modular Medical Inc to make 200k in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -11.20%.
MODD Dividends
Modular Medical Inc’s next quarterly earnings report is expected to be released on 2024-Nov-11.
Modular Medical Inc (NASDAQ:MODD)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.03% of Modular Medical Inc shares, and 40.77% of them are in the hands of institutional investors. The stock currently has a share float of 45.31%. Modular Medical Inc stock is held by 33.0 institutions, with SOLAS CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 6.319% of the shares, which is about 1.88 million shares worth $2.97 million.
SIO CAPITAL MANAGEMENT, LLC, with 5.171% or 1.54 million shares worth $2.43 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 876.66 shares worth $2.02 million, making up 13.72% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 140.92 shares worth around $0.32 million, which represents about 2.21% of the total shares outstanding.
