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Modular Medical Inc (NASDAQ: MODD) closed the day trading at $2.30 up 1.77% from the previous closing price of $2.26. In other words, the price has increased by $1.77 from its previous closing price. On the day, 1.12 million shares were traded. MODD stock price reached its highest trading level at $2.315 during the session, while it also had its lowest trading level at $2.1.
Ratios:
For a better understanding of MODD, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.03 and its Current Ratio is at 4.03. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.09.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 19 ’24 when Sheibley Philip Brent bought 15,000 shares for $1.69 per share. The transaction valued at 25,350 led to the insider holds 66,139 shares of the business.
MANCHESTER MANAGEMENT CO LLC bought 900,000 shares of MODD for $990,000 on Feb 16 ’24. The Director by Deputization now owns 3,118,227 shares after completing the transaction at $1.10 per share. On Nov 01 ’23, another insider, Sheibley Philip Brent, who serves as the Director of the company, bought 10,000 shares for $1.29 each. As a result, the insider paid 12,900 and bolstered with 46,139 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 74891216 and an Enterprise Value of 70939240.
Stock Price History:
Over the past 52 weeks, MODD has reached a high of $2.65, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is 30.16%, while the 200-Day Moving Average is calculated to be 34.42%.
Shares Statistics:
Over the past 3-months, MODD traded about 449.12K shares per day on average, while over the past 10 days, MODD traded about 634780 shares per day. A total of 32.46M shares are outstanding, with a floating share count of 29.07M. Insiders hold about 10.71% of the company’s shares, while institutions hold 43.01% stake in the company. Shares short for MODD as of 1724976000 were 171636 with a Short Ratio of 0.38, compared to 1722384000 on 202462. Therefore, it implies a Short% of Shares Outstanding of 171636 and a Short% of Float of 0.8699999999999999.
