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Modular Medical (MODD) Stock Price, News & Analysis

Modular Medical logo
$2.06 -0.04 (-1.90%)
(As of 11/20/2024 ET)

About Modular Medical Stock (NASDAQ:MODD)

Key Stats

Today's Range
$2.05
$2.18
50-Day Range
$2.03
$2.37
52-Week Range
$1.00
$2.65
Volume
93,745 shs
Average Volume
99,876 shs
Market Capitalization
$71.21 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.00
Consensus Rating
Buy

Company Overview

Modular Medical, Inc. operates as a medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for type-1 and type-2 diabetes. The company is headquartered in San Diego, California.

Modular Medical Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
61st Percentile Overall Score

MODD MarketRank™: 

Modular Medical scored higher than 61% of companies evaluated by MarketBeat, and ranked 441st out of 963 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Modular Medical has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Modular Medical has received no research coverage in the past 90 days.

  • Read more about Modular Medical's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Modular Medical is -3.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Modular Medical is -3.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Modular Medical has a P/B Ratio of 10.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.23% of the float of Modular Medical has been sold short.
  • Short Interest Ratio / Days to Cover

    Modular Medical has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Modular Medical has recently decreased by 4.84%, indicating that investor sentiment is improving.
  • Dividend Yield

    Modular Medical does not currently pay a dividend.

  • Dividend Growth

    Modular Medical does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.23% of the float of Modular Medical has been sold short.
  • Short Interest Ratio / Days to Cover

    Modular Medical has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Modular Medical has recently decreased by 4.84%, indicating that investor sentiment is improving.
  • News Sentiment

    Modular Medical has a news sentiment score of 1.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Modular Medical this week, compared to 0 articles on an average week.
  • Search Interest

    1 people have searched for MODD on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Modular Medical insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    32.34% of the stock of Modular Medical is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 27.47% of the stock of Modular Medical is held by institutions.

  • Read more about Modular Medical's insider trading history.
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MODD Stock News Headlines

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Why Is Modular Medical Stock Up Today?
See More Headlines

MODD Stock Analysis - Frequently Asked Questions

Modular Medical's stock was trading at $1.82 on January 1st, 2024. Since then, MODD stock has increased by 13.2% and is now trading at $2.06.
View the best growth stocks for 2024 here
.

Modular Medical, Inc. (NASDAQ:MODD) released its quarterly earnings data on Tuesday, August, 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.08.

Modular Medical (MODD) raised $15 million in an initial public offering (IPO) on Thursday, February 10th 2022. The company issued 2,500,000 shares at a price of $6.00 per share. Oppenheimer & Co. acted as the underwriter for the IPO and The Benchmark Company and Lake Street were co-managers.

Modular Medical's top institutional investors include Bard Associates Inc. (4.49%), Corsair Capital Management L.P. (1.65%), Geode Capital Management LLC (0.94%) and Sio Capital Management LLC (0.37%). Insiders that own company stock include Manchester Management Co Llc, Philip Brent Sheibley and Paul Diperna.
View institutional ownership trends
.

Shares of MODD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Modular Medical investors own include MSP Recovery (LIFW), MSP Recovery (LIFW), Top KingWin (TCJH), Top KingWin (TCJH), AutoZone (AZO), Intel (INTC) and TJX Companies (TJX).

Company Calendar

Last Earnings
8/13/2024
Today
11/21/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
Medical Equipment
Current Symbol
NASDAQ:MODD
Fax
N/A
Employees
39
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.00
High Stock Price Target
$5.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+142.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-17,470,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$0.20 per share

Miscellaneous

Free Float
23,391,000
Market Cap
$71.21 million
Optionable
Not Optionable
Beta
0.59
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This page (NASDAQ:MODD) was last updated on 11/21/2024 by MarketBeat.com Staff
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