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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.76 million shares were traded. MODN stock price reached its highest trading level at $29.76 during the session, while it also had its lowest trading level at $29.64.
Ratios:
For a better understanding of MODN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.89. For the most recent quarter (mrq), Quick Ratio is recorded 3.96 and its Current Ratio is at 3.96. In the meantime, Its Debt-to-Equity ratio is 2.34 whereas as Long-Term Debt/Eq ratio is at 2.30.
On December 13, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $30 to $25.
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 Mar 14 ’24 when Lyon Christopher sold 8,124 shares for $25.26 per share. The transaction valued at 205,212 led to the insider holds 229,721 shares of the business.
Ederer John sold 8,018 shares of MODN for $202,936 on Mar 14 ’24. The Chief Financial Officer now owns 307,127 shares after completing the transaction at $25.31 per share. On Mar 14 ’24, another insider, Selig Laura, who serves as the Chief People Officer of the company, sold 2,655 shares for $25.32 each. As a result, the insider received 67,225 and left with 141,517 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, MODN now has a Market Capitalization of 1168891904 and an Enterprise Value of 1144704384. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.61 while its Price-to-Book (P/B) ratio in mrq is 9.31. Its current Enterprise Value per Revenue stands at 4.51 whereas that against EBITDA is 244.752.
Stock Price History:
Over the past 52 weeks, MODN has reached a high of $35.96, while it has fallen to a 52-week low of $20.90. The 50-Day Moving Average of the stock is 10.40%, while the 200-Day Moving Average is calculated to be 10.82%.
Shares Statistics:
Over the past 3-months, MODN traded about 638.92K shares per day on average, while over the past 10 days, MODN traded about 1124430 shares per day. A total of 38.76M shares are outstanding, with a floating share count of 36.57M. Insiders hold about 7.23% of the company’s shares, while institutions hold 98.95% stake in the company. Shares short for MODN as of 1711584000 were 2827267 with a Short Ratio of 4.43, compared to 1709164800 on 2562274. Therefore, it implies a Short% of Shares Outstanding of 2827267 and a Short% of Float of 9.36.
