With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.07 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 $135.25. Beta for the stock currently stands at 2.05.
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 down-trending over the past week, with a drop of -0.92%, but this was down by -2.95% over a month. Three-month performance surged to 14.81% while six-month performance fell -33.21%. The stock gained 1.56% in the past year, while it has lost -20.70% so far this year. A look at the trailing 12-month EPS for MOD yields 3.41 with Next year EPS estimates of 5.52. For the next quarter, that number is 0.98. This implies an EPS growth rate of 10.95% for this year and 22.74% for next year.
Float and Shares Shorts:
At present, 52.40 million MOD shares are outstanding with a float of 51.34 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 $1.13 and the low estimate is $1.09. The average estimate for the next quarter is thus $1.11.
