Modular Medical Inc (MODD) Down -0.45% From Its 52-Week High, But Growth Potential Is Changing Over Time

Modular Medical Inc (NASDAQ:MODD) currently has a daily average trading volume of 120.78K but it saw 14500824 shares traded in last market. With a market cap of 71.96M USD, the company’s current market price of $2.21 came rising about 12.93 while comparing to the previous closing price of $1.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.22 and as low as $0.92. In the recent trading on the day, stock has struck highest price mark of $2.0432 while lowest mark touched by it was $2.65.

Taking a look at 20-day trading activity of Modular Medical Inc (MODD) gives us an average price of $1.7500, while its current price level is -0.45% below from 52-week high level whereas it is 140.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.6300 while that of 200 days or SMA-200 reads an average of $1.6600. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.17% during that period while stretching the period over a month that decreases to 6.68%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 80.35 which implies that the stock is in overbought territory.

Over the week, MODD’s stock price is moving 22.78% up while it is 49.32% when we observe its performance for the past one month. Year-to-date it is 21.43% up and over the past year, the stock is showing an upside performance of 84.17%.

Currently, Modular Medical Inc’s total number of outstanding shares is 32.46M. Company’s return on investment (ROI) stands at -204.70% and return on equity (ROE) at -182.61%. Stock has a price to book (P/B) ratio of 8.98. Its return on asset (ROA) is -150.56% on average.