Should I buy or sell Modular Medical stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Modular Medical in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MODD shares. View MODD analyst ratings or view top-rated stocks .

What is Modular Medical's stock price target for 2024?

2 analysts have issued 1-year price targets for Modular Medical's stock. Their MODD share price targets range from $3.50 to $5.00. On average, they predict the company's stock price to reach $4.25 in the next twelve months. This suggests a possible upside of 174.2% from the stock's current price. View analysts price targets for MODD or view top-rated stocks among Wall Street analysts .

How have MODD shares performed in 2024?

Modular Medical's stock was trading at $1.82 at the beginning of the year. Since then, MODD shares have decreased by 14.8% and is now trading at $1.55. View the best growth stocks for 2024 here .

When is Modular Medical's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, June 24th 2024. View our MODD earnings forecast .

How were Modular Medical's earnings last quarter?

Modular Medical, Inc. (NASDAQ:MODD) released its quarterly earnings results on Tuesday, February, 13th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.06.

When did Modular Medical IPO?

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 $6.00 per share. Oppenheimer & Co. acted as the underwriter for the IPO and The Benchmark Company and Lake Street were co-managers.

How do I buy shares of Modular Medical?

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 .

NASDAQ:MODD

Modular Medical (MODD) Stock Price, News & Analysis

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$1.55

-0.02 (-1.27%)

(As of 02:57 PM ET)

Compare

Today's Range: $1.52
▼
$1.57
50-Day Range: $1.14
▼
$2.06
52-Week Range: $0.84
▼
$2.22

Volume: 59,364 shs
Average Volume: 201,241 shs
Market Capitalization: $33.94 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.25

Get Modular Medical alerts:

Modular Medical MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 174.2% Upside
$4.25 Price Target
Short Interest: Healthy
0.83% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$990,000 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.72) to ($0.66) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 out of 5 stars

Medical Sector

356th out of 930 stocks

Surgical & Medical Instruments Industry

43rd out of 99 stocks

3.5

Analyst's Opinion

Consensus Rating
Modular Medical has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Modular Medical has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.83% 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 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Modular Medical has recently increased by 11.95%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Modular Medical does not currently pay a dividend.
Dividend Growth
Modular Medical does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MODD.

3.3

News and Social Media Coverage

News Sentiment
Modular Medical has a news sentiment score of 0.94. 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 0.66 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Modular Medical this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added Modular Medical to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Modular Medical insiders have bought more of their company's stock than they have sold. Specifically, they have bought $990,000.00 in company stock and sold $0.00 in 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Modular Medical are expected to grow in the coming year, from ($0.72) to ($0.66) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Modular Medical is -1.60, 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 -1.60, 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 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Modular Medical Stock (NASDAQ:MODD)

Modular Medical, Inc. operates as a development stage medical device company. It focuses on the design, development, and commercialization of insulin pumps. It offers MODD1, a two-part patch pump for diabetes. The company was founded in 1998 and is headquartered in San Diego, California.

MODD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MODD Stock News Headlines

April 10, 2024 | americanbankingnews.com

Head-To-Head Comparison: Drägerwerk AG & Co. KGaA (OTCMKTS:DGWPF) & Modular Medical (NASDAQ:MODD)

April 7, 2024 | newsweek.com

7 Best Video Conferencing Software of April 2024

April 16, 2024 | StockEarnings (Ad)

Your eBook: Mastering Earnings Announcements Trading

April 7, 2024 | msn.com

Best Mods For Content Warning

March 26, 2024 | finanznachrichten.de

Modular Medical, Inc.: Modular Medical Announces Steve Gemmell as New Vice President of Engineering

March 26, 2024 | finance.yahoo.com

Modular Medical Announces Steve Gemmell as New Vice President of Engineering

March 16, 2024 | msn.com

Weekend News Roundup March 16, 2024

February 25, 2024 | benzinga.com

Modular Medical Stock (NASDAQ:MODD) Earnings Dates and Earning Calls

April 16, 2024 | StockEarnings (Ad)

Your eBook: Mastering Earnings Announcements Trading

February 21, 2024 | finanznachrichten.de

Modular Medical, Inc.: Modular Medical Announces Closing of $10 Million Public Offering

February 21, 2024 | finance.yahoo.com

Modular Medical Announces Closing of $10 Million Public Offering

February 16, 2024 | finanznachrichten.de

Modular Medical, Inc.: Modular Medical Announces Proposed Public Offering

February 16, 2024 | seekingalpha.com

Modular Medical announces proposed underwritten public offering

February 15, 2024 | finance.yahoo.com

Modular Medical Announces Pricing of $10 Million Public Offering

February 15, 2024 | finance.yahoo.com

Modular Medical Announces Proposed Public Offering

February 3, 2024 | msn.com

Starfield Player Builds Incredible Charizard Ship

February 2, 2024 | msn.com

Modular Medical, Inc. (MODD) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

January 24, 2024 | finanznachrichten.de

Modular Medical, Inc.: Modular Medical Announces Issuance of New US Patent

January 24, 2024 | finance.yahoo.com

Modular Medical Announces Issuance of New US Patent

January 19, 2024 | finanznachrichten.de

Modular Medical, Inc.: Modular Medical Announces 510(k) Submission of MODD1 Insulin Pump

January 19, 2024 | finance.yahoo.com

Modular Medical Announces 510(k) Submission of MODD1 Insulin Pump

December 21, 2023 | finance.yahoo.com

Modular Medical Announces Collaboration with Glooko

December 12, 2023 | msn.com

1 killed, 2 hospitalized by suspected carbon monoxide poisoning at The Evergreen State College

December 11, 2023 | finance.yahoo.com

Registration Is Now Open For Tribe Public's Webinar Event "Diabetes Care For The Rest Of Us." Featuring Modular Medical CEO On Friday, December 15, 2023

November 28, 2023 | benzinga.com

Modular Medical Stock (NASDAQ:MODD) Dividends: History, Yield and Dates

November 14, 2023 | finance.yahoo.com

Modular Medical to Attend the Benchmark Company's Upcoming Discovery One-on-One Investor Conference

November 10, 2023 | morningstar.com

Modular Medical Inc MODD

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/16/2024
Next Earnings (Estimated): 6/24/2024
Fiscal Year End: 3/31/2025

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Surgical & medical instruments
Sub-Industry: N/A
Current Symbol: NASDAQ:MODD
CUSIP: N/A
CIK: 1074871
Web: modular-medical.com
Phone: (858) 800-3500
Fax: N/A
Employees: 37
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.25
High Stock Price Target: $5.00
Low Stock Price Target: $3.50
Potential Upside/Downside: +174.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.97)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-13,880,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -235.93%
Return on Assets: -180.37%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.63
Quick Ratio: 1.63

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.46 per share
Price / Book: 3.37

Miscellaneous

Outstanding Shares: 21,899,000
Free Float: 14,817,000
Market Cap: $33.94 million
Optionable: Not Optionable
Beta: 0.43

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Key Executives

Mr. Paul M. DiPerna (Age 65)
Founder, Chairman, President, CFO & Treasurer
Comp: $300k
Mr. James E. Besser (Age 48)
Chief Executive Officer
Mr. Kevin Schmid (Age 65)
Chief Operating Officer
Comp: $252.91k
Marc Goldman
Head of Engineering

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MODD Stock Analysis - Frequently Asked Questions

Should I buy or sell Modular Medical stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Modular Medical in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MODD shares.
View MODD analyst ratings or view top-rated stocks.
What is Modular Medical's stock price target for 2024?: 2 analysts have issued 1-year price targets for Modular Medical's stock. Their MODD share price targets range from $3.50 to $5.00. On average, they predict the company's stock price to reach $4.25 in the next twelve months. This suggests a possible upside of 174.2% from the stock's current price.
View analysts price targets for MODD or view top-rated stocks among Wall Street analysts.
How have MODD shares performed in 2024?: Modular Medical's stock was trading at $1.82 at the beginning of the year. Since then, MODD shares have decreased by 14.8% and is now trading at $1.55.
View the best growth stocks for 2024 here.
When is Modular Medical's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, June 24th 2024.
View our MODD earnings forecast.

How were Modular Medical's earnings last quarter?: Modular Medical, Inc. (NASDAQ:MODD) released its quarterly earnings results on Tuesday, February, 13th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.06.
When did Modular Medical IPO?: 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 $6.00 per share. Oppenheimer & Co. acted as the underwriter for the IPO and The Benchmark Company and Lake Street were co-managers.
How do I buy shares of Modular Medical?: 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.

This page (NASDAQ:MODD) was last updated on 4/16/2024 by MarketBeat.com Staff

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Modular Medical (MODD) Stock Price, News & Analysis

Modular Medical MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Modular Medical Stock (NASDAQ:MODD)

MODD Stock Price History

MODD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MODD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™