Modular Medical Inc (MODD) volume hits 0.65 million: A New Opening for Investors

Modular Medical Inc (NASDAQ: MODD) open the trading on Wednesday, with great promise as it jumped 1.94% to $2.10, before settling in for the price of $2.06 at the close. Taking a more long-term approach, MODD posted a 52-week range of $0.92-$2.65.

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The Healthcare Sector giants’ yearly sales growth during the last 5-year period was 0.00%. Meanwhile, its Annual Earning per share during the time was -11.20%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 41.03%. This publicly-traded company’s shares outstanding now amounts to $32.46 million, simultaneously with a float of $29.07 million. The organization now has a market capitalization sitting at $68.38 million. At the time of writing, stock’s 50-day Moving Average stood at $1.67, while the 200-day Moving Average is $1.68.

Modular Medical Inc (MODD) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Medical Devices industry. Modular Medical Inc’s current insider ownership accounts for 10.72%, in contrast to 43.01% institutional ownership. According to the most recent insider trade that took place on Aug 19 ’24, this organization’s Director bought 15,000 shares at the rate of 1.69, making the entire transaction reach 25,350 in total value, affecting insider ownership by 66,139. Preceding that transaction, on Feb 16 ’24, Company’s Director by Deputization bought 900,000 for 1.10, making the whole transaction’s value amount to 990,000. This particular insider is now the holder of 3,118,227 in total.

Modular Medical Inc (MODD) Earnings and Revenue Records

Modular Medical Inc’s EPS increase for this current 12-month fiscal period is 41.03% and is forecasted to reach -0.35 in the upcoming year.

Modular Medical Inc (NASDAQ: MODD) Trading Performance Indicators

Let’s observe the current performance indicators for Modular Medical Inc (MODD). It’s Quick Ratio in the last reported quarter now stands at 4.03. The Stock has managed to achieve an average true range (ATR) of 0.17.

In the same vein, MODD’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.69, a figure that is expected to reach -0.11 in the next quarter, and analysts are predicting that it will be -0.35 at the market close of one year from today.

Technical Analysis of Modular Medical Inc (MODD)

[Modular Medical Inc, MODD] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 43.70% While, its Average True Range was 0.20.

Raw Stochastic average of Modular Medical Inc (MODD) in the period of the previous 100 days is set at 60.39%, which indicates a major rise in contrast to 43.30% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 72.48% that was higher than 61.06% volatility it exhibited in the past 100-days period.