Modular Medical Inc [NASDAQ: MODD] surged by $0.07 during the normal trading session on Monday and reaching a high of $0.6223 during the day while it closed the day at $0.56.
Modular Medical Inc stock has also gained 1.79% of its value over the past 7 days. However, MODD stock has declined by -21.12% in the 3 months of the year. Over the past six months meanwhile, it has lost -44.39% and lost -74.84% year-on date.
The market cap for MODD stock reached $30.74 million, with 55.27 million shares outstanding and 50.15 million shares in the current float. Compared to the average trading volume of 520.08K shares, MODD reached a trading volume of 12053569 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Modular Medical Inc [MODD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MODD shares is $8.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MODD stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Price to Book ratio for the last quarter was 2.60, with the Price to Cash per share for the same quarter was set at 0.14.
MODD stock trade performance evaluation
Modular Medical Inc [MODD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.79. With this latest performance, MODD shares dropped by -18.18% in over the last four-week period, additionally sinking by -44.39% over the last 6 months – not to mention a drop of -59.41% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MODD stock in for the last two-week period is set at 41.19, with the RSI for the last a single of trading hit 0.0494, and the three-weeks RSI is set at 0.0465 for Modular Medical Inc [MODD]. The present Moving Average for the last 50 days of trading for this stock 0.6626, while it was recorded at 0.5262 for the last single week of trading, and 0.8454 for the last 200 days.
Modular Medical Inc (MODD) Capital Structure & Debt Analysis
According to recent financial data for Modular Medical Inc. ( MODD), the Return on Equity (ROE) stands at -215.41%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -176.46%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Modular Medical Inc’s Return on Invested Capital (ROIC) is -176.46%, showcasing its effectiveness in deploying capital for earnings.
Modular Medical Inc (MODD) Efficiency & Liquidity Metrics
Based on Modular Medical Inc’s (MODD) latest financial statements, the Debt-to-Equity Ratio is 0.06%, indicating its reliance on debt financing relative to shareholder equity.
Modular Medical Inc (MODD) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Modular Medical Inc. (MODD) effectively leverages its workforce, generating an average of -$396111.11 per employee. The company’s liquidity position is robust, with a Current Ratio of 4.04% and a Quick Ratio of 4.04%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for Modular Medical Inc [MODD] stock
With the latest financial reports released by the company, Modular Medical Inc posted -0.14/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MODD.
Modular Medical Inc [MODD]: Institutional Ownership
There are presently around $38.85%, or 41.23%% of MODD stock, in the hands of institutional investors. The top three institutional holders of MODD stocks are: SOLAS CAPITAL MANAGEMENT, LLC with ownership of 1.88 million shares, which is approximately 5.5516%. SIO CAPITAL MANAGEMENT, LLC, holding 1.54 million shares of the stock with an approximate value of $$2.43 million in MODD stocks shares; and SIO CAPITAL MANAGEMENT, LLC, currently with $$2.41 million in MODD stock with ownership which is approximately 4.5006%.
