With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $2.5 whereas the lowest price it dropped to was $2.26. The 52-week range on MODD shows that it touched its highest point at $2.65 and its lowest point at $0.92 during that stretch. It currently has a 1-year price target of $8.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MODD was up-trending over the past week, with a rise of 2.64%, but this was up by 32.39% over a month. Three-month performance surged to 49.97% while six-month performance rose 17.68%. The stock gained 100.86% in the past year, while it has gained 28.02% so far this year. A look at the trailing 12-month EPS for MODD yields -0.69 with Next year EPS estimates of -0.35. For the next quarter, that number is -0.11. This implies an EPS growth rate of 41.03% for this year and 23.91% for next year.
Float and Shares Shorts:
At present, 32.46 million MODD shares are outstanding with a float of 29.07 million shares on hand for trading. On 2024-08-30, short shares totaled 0.17 million, which was 53.0 higher than short shares on 1722384000. In addition to Mr. Paul M. DiPerna as the firm’s Founder, Chairman, President, CFO & Treasurer, Mr. James E. Besser serves as its Chief Executive Officer.
Institutional Ownership:
Through their ownership of 0.40765998 of MODD’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, MODD reported revenue of $0.0 and operating income of $-4220000.0. The EBITDA in the recently reported quarter was $-4024000.0 and diluted EPS was $-0.12.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MODD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
