Modular Medical Stock Price on November 6, 2024
| MODD Stock | USD 1.42 0.10 7.58% |
Below is the normalized historical share price chart for Modular Medical extending back to September 12, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Modular Medical stands at 1.42, as last reported on the 27th of December, with the highest price reaching 1.48 and the lowest price hitting 1.31 during the day.
If you're considering investing in Modular Stock, it is important to understand the factors that can impact its price. Modular Medical has Sharpe Ratio of -0.21, which conveys that the firm had a -0.21% return per unit of risk over the last 3 months. Modular Medical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Modular Medical's Standard Deviation of 3.19, mean deviation of 2.33, and Risk Adjusted Performance of (0.17) to check out the risk estimate we provide.
At present, Modular Medical's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 81.3 M, whereas Sale Purchase Of Stock is projected to grow to (12.1 K). . At present, Modular Medical's Price Earnings To Growth Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 3.69, whereas Price To Operating Cash Flows Ratio is forecasted to decline to (3.05). Modular Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 25th of January 2007 | 200 Day MA 1.8031 | 50 Day MA 1.9229 | Beta (3.76) |
Modular |
Sharpe Ratio = -0.211
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| Negative Returns | MODD |
Estimated Market Risk
| 3.25 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.69 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Modular Medical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Modular Medical by adding Modular Medical to a well-diversified portfolio.
Price Book 8.2417 | Book Value 0.355 | Enterprise Value 54.1 M | Enterprise Value Ebitda (3.21) | Shares Float 24 M |
Modular Medical Main Headline on 6th of November 2024
Acquisition by Kevin Schmid of 18769 shares of Modular Medic... by Kevin Schmid
Filed transaction by Modular Medical Officer Chief Operating Officer. Grant, award or other acquisition pursuant to Rule 16b-3
Modular Medical Valuation on November 6, 2024
It is possible to determine the worth of Modular Medical on a given historical date. On November 6, 2024 Modular was worth 2.33 at the beginning of the trading date compared to the closed value of 2.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Modular Medical stock. Still, in general, we apply an absolute valuation method to find Modular Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Modular Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Modular Medical's related companies.
| Open | High | Low | Close | Volume | |
| 2.24 | 2.27 | 2.18 | 2.26 | 96,518 | |
11/06/2024 | 2.33 | 2.33 | 2.19 | 2.26 | 93,866 |
| 2.25 | 2.37 | 2.14 | 2.22 | 574,738 |
| Backtest Modular Medical | | | Modular Medical History | | | Modular Medical Valuation | Previous | Next |
Modular Medical Trading Date Momentum on November 6, 2024
| On November 07 2024 Modular Medical was traded for 2.22 at the closing time. The top price for the day was 2.37 and the lowest listed price was 2.14 . The trading volume for the day was 574.7 K. The trading history from November 7, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.77% . The trading delta at closing time against the current closing price is 6.64% . |
Modular Medical Fundamentals Correlations and Trends
By evaluating Modular Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Modular Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Modular financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Modular Medical Stock history
Modular Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Modular is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Modular Medical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Modular Medical stock prices may prove useful in developing a viable investing in Modular Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 22.4 M | 23.5 M | |
| Net Loss | -12.5 M | -11.9 M |
Modular Medical Stock Technical Analysis
Modular Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Modular Medical Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Modular Medical cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Modular Medical December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Modular Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Modular Medical shares will generate the highest return on investment. By undertsting and applying Modular Medical stock market strength indicators, traders can identify Modular Medical entry and exit signals to maximize returns
Modular Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Modular Medical's price direction in advance. Along with the technical and fundamental analysis of Modular Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Modular to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 1.02 |
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Complementary Tools for Modular Stock analysis
When running Modular Medical's price analysis, check to measure Modular Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Modular Medical is operating at the current time. Most of Modular Medical's value examination focuses on studying past and present price action to predict the probability of Modular Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Modular Medical's price. Additionally, you may evaluate how the addition of Modular Medical to your portfolios can decrease your overall portfolio volatility.
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