With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.35 million shares. The 52-week range on MOD shows that it touched its highest point at $146.84 and its lowest point at $64.79 during that stretch. It currently has a 1-year price target of $138.80. Beta for the stock currently stands at 2.07.
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 MOD was up-trending over the past week, with a rise of 11.83%, but this was up by 25.64% over a month. Three-month performance dropped to -13.16% while six-month performance fell -18.21%. The stock lost -2.99% in the past year, while it has lost -21.25% so far this year. A look at the trailing 12-month EPS for MOD yields 2.97 with Next year EPS estimates of 4.63. For the next quarter, that number is 0.96. This implies an EPS growth rate of 19.59% for this year and 19.04% for next year. EPS is expected to grow by 23.78% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.90%.
Float and Shares Shorts:
At present, 52.50 million MOD shares are outstanding with a float of 51.52 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MOD since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. 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. Analysts have provided yearly estimates in a range of $3.27174 being high and $3.18251 being low. For MOD, this leads to a yearly average estimate of $3.242. Based on analyst estimates, the high estimate for the next quarter is $1.17 and the low estimate is $1.03. The average estimate for the next quarter is thus $1.11.
