Modular Medical Inc (NASDAQ:MODD) Stock Dropped -23.63% Year-To-Date, What Analysts Expect Next?

In last trading session, Modular Medical Inc (NASDAQ:MODD) saw 0.39 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.39 trading at -$0.04 or -2.80% at ring of the bell on the day assigns it a market valuation of $56.49M. That closing price of MODD’s stock is at a discount of -90.65% from its 52-week high price of $2.65 and is indicating a premium of 22.3% from its 52-week low price of $1.08. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.18 million shares which gives us an average trading volume of 183.18K if we extend that period to 3-months.

Modular Medical Inc (NASDAQ:MODD) trade information

Upright in the red during last session for losing -2.80%, in the last five days MODD remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $1.39 price level, adding 12.61% to its value on the day. Modular Medical Inc’s shares saw a change of -23.63% in year-to-date performance and have moved -12.58% in past 5-day. Modular Medical Inc (NASDAQ:MODD) showed a performance of -32.52% in past 30-days. Number of shares sold short was 0.65 million shares which calculate 8.97 days to cover the short interests.

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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 10.04% of company’s total shares while institution are holding 44.12 percent of that, with stock having share float percentage of 49.04%. Investors also watch the number of corporate investors in a company very closely, which is 44.12% 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.