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After finishing at $1.63 in the prior trading day, Modular Medical Inc (NASDAQ: MODD) closed at $1.64, up 0.61%. In other words, the price has increased by $0.61 from its previous closing price. On the day, 0.41 million shares were traded. MODD stock price reached its highest trading level at $1.81 during the session, while it also had its lowest trading level at $1.5851.
Ratios:
Our goal is to gain a better understanding of MODD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.36 and its Current Ratio is at 3.36. In the meantime, Its Debt-to-Equity ratio is 0.15 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 Nov 21 ’24 when MANCHESTER MANAGEMENT CO LLC bought 166,666 shares for $1.50 per share. The transaction valued at 249,999 led to the insider holds 3,284,743 shares of the business.
Sheibley Philip Brent bought 15,000 shares of MODD for $25,350 on Aug 19 ’24. The Director now owns 66,139 shares after completing the transaction at $1.69 per share. On Feb 16 ’24, another insider, MANCHESTER MANAGEMENT CO LLC, who serves as the Director by Deputization of the company, bought 900,000 shares for $1.10 each. As a result, the insider paid 990,000 and bolstered with 3,118,227 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 65830420 and an Enterprise Value of 63450112.
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 $1.08. The 50-Day Moving Average of the stock is -24.19%, while the 200-Day Moving Average is calculated to be -9.85%.
Shares Statistics:
The stock has traded on average 526.96K shares per day over the past 3-months and 285090 shares per day over the last 10 days, according to various share statistics. A total of 32.46M shares are outstanding, with a floating share count of 30.97M. Insiders hold about 10.72% of the company’s shares, while institutions hold 43.84% stake in the company. Shares short for MODD as of 1730332800 were 648340 with a Short Ratio of 1.23, compared to 1727654400 on 801866. Therefore, it implies a Short% of Shares Outstanding of 648340 and a Short% of Float of 3.27.
