In yesterday’s Wall Street session, Modular Medical Inc (NASDAQ:MODD) shares traded at $1.64, up 0.61% from the previous session.
MODD stock price is now -24.19% away from the 50-day moving average and -9.85% away from the 200-day moving average. The market capitalization of the company currently stands at $56.89M.
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In other news, MANCHESTER MANAGEMENT CO LLC, Chief Executive Officer bought 166,666 shares of the company’s stock on Nov 21 ’24. The stock was bought for $249,999 at an average price of $1.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,284,743 shares in the company, valued at $5.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19 ’24, Director Sheibley Philip Brent bought 15,000 shares of the business’s stock. A total of $25,350 was incurred on buying the stock at an average price of $1.69. This leaves the insider owning 66,139 shares of the company worth $0.11 million. A total of 10.72% of the company’s stock is owned by insiders.
During the past 12 months, Modular Medical Inc has had a low of $1.08 and a high of $2.65. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 3.36, and a quick ratio of 3.36. The fifty day moving average price for MODD is $2.1755 and a two-hundred day moving average price translates $1.817415 for the stock.
The latest earnings results from Modular Medical Inc (NASDAQ: MODD) was released for 2024-06-30. The company reported revenue of $5.0 million for the quarter, compared to $4.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.24 percent.
