The 36-month beta value for MODN is at 0.68. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MODN is 36.57M, and currently, shorts hold a 7.01% of that float. The average trading volume for MODN on April 26, 2024 was 647.15K shares.
MODN) stock’s latest price update
Model N Inc (NYSE: MODN) has seen a decline in its stock price by -0.10 in relation to its previous close of 29.65. However, the company has experienced a -0.50% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Model N (MODN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
MODN’s Market Performance
Model N Inc (MODN) has experienced a -0.50% fall in stock performance for the past week, with a 7.71% rise in the past month, and a 5.22% rise in the past quarter. The volatility ratio for the week is 0.56%, and the volatility levels for the past 30 days are at 1.31% for MODN. The simple moving average for the past 20 days is 2.51% for MODN’s stock, with a 10.82% simple moving average for the past 200 days.
Analysts’ Opinion of MODN
JP Morgan, on the other hand, stated in their research note that they expect to see MODN reach a price target of $25, previously predicting the price at $30. The rating they have provided for MODN stocks is “Neutral” according to the report published on December 13th, 2023.
MODN Trading at 10.11% from the 50-Day Moving Average
After a stumble in the market that brought MODN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.63% of loss for the given period.
Volatility was left at 1.31%, however, over the last 30 days, the volatility rate increased by 0.56%, as shares surge +7.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.07% upper at present.
During the last 5 trading sessions, MODN fell by -0.50%, which changed the moving average for the period of 200-days by -16.68% in comparison to the 20-day moving average, which settled at $28.99. In addition, Model N Inc saw 9.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MODN starting from Lyon Christopher, who sale 8,124 shares at the price of $25.26 back on Mar 14 ’24. After this action, Lyon Christopher now owns 229,721 shares of Model N Inc, valued at $205,212 using the latest closing price.
Ederer John, the Chief Financial Officer of Model N Inc, sale 8,018 shares at $25.31 during a trade that took place back on Mar 14 ’24, which means that Ederer John is holding 307,127 shares at $202,936 based on the most recent closing price.
Stock Fundamentals for MODN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.57 for the gross margin
The net margin for Model N Inc stands at -0.12. The total capital return value is set at 0.06. Equity return is now at value -26.74, with -7.02 for asset returns.
Based on Model N Inc (MODN), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 2.34. The interest coverage ratio of the stock is 9.15.
Currently, EBITDA for the company is 13.24 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 4.55. The receivables turnover for the company is 3.05for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.96.
Conclusion
In conclusion, Model N Inc (MODN) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
