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The price of Modular Medical Inc (NASDAQ: MODD) closed at $2.22 in the last session, down -1.77% from day before closing price of $2.26. In other words, the price has decreased by -$1.77 from its previous closing price. On the day, 0.57 million shares were traded. MODD stock price reached its highest trading level at $2.37 during the session, while it also had its lowest trading level at $2.14.
Ratios:
We take a closer look at MODD’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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.
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 73588784 and an Enterprise Value of 68334320.
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 $1.00. The 50-Day Moving Average of the stock is 0.93%, while the 200-Day Moving Average is calculated to be 23.71%.
Shares Statistics:
According to the various share statistics, MODD traded on average about 484.03K shares per day over the past 3-months and 56830 shares per day over the past 10 days. A total of 32.46M shares are outstanding, with a floating share count of 29.07M. Insiders hold about 10.72% of the company’s shares, while institutions hold 45.02% stake in the company. Shares short for MODD as of 1728950400 were 681308 with a Short Ratio of 1.41, compared to 1726185600 on 865271. Therefore, it implies a Short% of Shares Outstanding of 681308 and a Short% of Float of 3.4299999999999997.
