Modular Medical Inc (MODD)’s financial ratios: A comprehensive overview

In the latest session, Modular Medical Inc (NASDAQ: MODD) closed at $1.85 down -5.13% from its previous closing price of $1.95. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 145087 shares were traded.

Ratios:

For a deeper understanding of Modular Medical Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.24.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 16 ’24 when MANCHESTER MANAGEMENT CO LLC bought 900,000 shares for $1.10 per share. The transaction valued at 990,000 led to the insider holds 3,118,227 shares of the business.

Sheibley Philip Brent bought 10,000 shares of MODD for $12,900 on Nov 01 ’23. The Director now owns 46,139 shares after completing the transaction at $1.29 per share. On Oct 16 ’23, another insider, MANCHESTER MANAGEMENT CO LLC, who serves as the Director by Deputization of the company, bought 20,000 shares for $1.10 each. As a result, the insider paid 21,974 and bolstered with 144,750 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MODD now has a Market Capitalization of 57.33M and an Enterprise Value of 56.56M.

Stock Price History:

Over the past 52 weeks, MODD has reached a high of $2.22, while it has fallen to a 52-week low of $0.84. The 50-Day Moving Average of the stock is 1.7705, while the 200-Day Moving Average is calculated to be 1.3453.

Shares Statistics:

For the past three months, MODD has traded an average of 211.37K shares per day and 142.32k over the past ten days. A total of 30.99M shares are outstanding, with a floating share count of 27.74M. Insiders hold about 10.50% of the company’s shares, while institutions hold 24.34% stake in the company. Shares short for MODD as of Mar 15, 2024 were 204.98k with a Short Ratio of 0.97, compared to 212.7k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.66% and a Short% of Float of 0.80%.

Earnings Estimates

There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.2, while EPS last year was -$0.33. The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.2 and low estimates of -$0.2.

Analysts are recommending an EPS of between -$0.72 and -$0.84 for the fiscal current year, implying an average EPS of -$0.78. EPS for the following year is -$0.72, with 2 analysts recommending between -$0.66 and -$0.79.

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