Modular Medical Inc (NASDAQ:MODD) does about 379.22K shares in volume on a normal day but saw 1150924 shares change hands in the recent trading day. The company now has a market cap of 73.91M USD. Its current market price is $2.27, marking no change compared to the previous close of $2.27. The 52 week high reached by this stock is $2.65 whilst the lowest price level in 52 weeks is $0.92.
Modular Medical Inc (MODD) has a 20-day trading average at $1.82 and the current price is -14.34% off the 52-week high compared with 146.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.65 and its 200-day simple moving average is $1.67. If we look at the stock’s price movements over the week, volatility stands at 14.27%, which decreases to 7.20% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.79 to suggest the stock is overbought.
The consensus objective for the share price is $8.00, suggesting that the stock has a potential upside of 71.62% over the period.
The current price level is 26.91%, 38.54%, and 36.32% away from its SMA20, SMA50, and SMA200 respectively, with the MODD price moving below the 50-day SMA on current market day. Modular Medical Inc (MODD) stock is up 23.37% over the week and 44.59% over the past month. Its price is 24.73% year-to-date and 95.69% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -0.19 above consensus estimates by 0.02. The company’s next earnings report forecasts estimating quarterly EPS at -0.11 and -0.56 for whole year. Expected sales for next quarter are $200k, which analysts say will come at $1.15M for the current fiscal year and next year at $10.7M. In addition, estimates put the company’s current quarterly revenue at an average of $100k.
To reach the target analysts have set, the stock logically needs to grow 71.62 percent from here.
Outstanding shares total 32.46M with insiders holding 10.03% of the shares and institutional holders owning 40.77% of the company’s common stock. The company has a return on investment of -204.70% and return on equity of -182.61%. Price to book ratio is 9.22.
