Modular Medical Inc (NASDAQ:MODD) has seen 1.29 million shares traded in the last trading session. The company, currently valued at $50.47M, closed the last trade at $1.68 per share which meant it lost -$0.26 on the day or -13.40% during that session. The MODD stock price is -57.74% off its 52-week high price of $2.65 and 40.48% above the 52-week low of $1.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.27 million shares traded. The 3-month trading volume is 504.90K shares.
Modular Medical Inc (NASDAQ:MODD) trade information
Sporting -13.40% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MODD stock price touched $1.68 or saw a rise of 23.64%. Year-to-date, Modular Medical Inc shares have moved -7.69%, while the 5-day performance has seen it change -18.84%. Over the past 30 days, the shares of Modular Medical Inc (NASDAQ:MODD) have changed -25.33%. Short interest in the company has seen 0.65 million shares shorted with days to cover at 8.97.
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Modular Medical Inc (MODD) estimates and forecasts
The company’s shares have gained 5.66% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.00%.
1 analysts offering their estimates for the company have set an average revenue estimate of 200k for the current quarter. 1 have an estimated revenue figure of 400k for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.20% over the past 5 years.
MODD Dividends
Modular Medical Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Modular Medical Inc (NASDAQ:MODD)’s Major holders
Insiders own 10.04% of the company shares, while shares held by institutions stand at 44.12% with a share float percentage of 49.04%. Investors are also buoyed by the number of investors in a company, with Modular Medical Inc having a total of 33.0 institutions that hold shares in the company. The top two institutional holders are SOLAS CAPITAL MANAGEMENT, LLC with over 1.88 million shares worth more than $2.97 million. As of 2024-06-30, SOLAS CAPITAL MANAGEMENT, LLC held 6.319% of shares outstanding.
The other major institutional holder is SIO CAPITAL MANAGEMENT, LLC, with the holding of over 1.54 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.43 million and represent 5.171% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 13.72% shares in the company for having 876.66 shares of worth $1.47 million while later fund manager owns 170.91 shares of worth $0.29 million as of Sep 30, 2024 , which makes it owner of about 2.67% of company’s outstanding stock.
