The stock of Model N Inc (MODN) has seen a 0.03% increase in the past week, with a 0.30% gain in the past month, and a 5.68% flourish in the past quarter. The volatility ratio for the week is 0.32%, and the volatility levels for the past 30 days are at 0.41% for MODN. The simple moving average for the last 20 days is 0.18% for MODN’s stock, with a simple moving average of 12.35% for the last 200 days.
Is It Worth Investing in Model N Inc (NYSE: MODN) Right Now?
Model N Inc (NYSE: MODN) has a higher price-to-earnings ratio of 3914.47x compared to its average ratio, 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 May 10, 2024 was 725.11K shares.
MODN) stock’s latest price update
Model N Inc (NYSE: MODN)’s stock price has dropped by -0.03 in relation to previous closing price of 29.76. Nevertheless, the company has seen a gain of 0.03% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Healthy demand for revenue management solutions across various industries leads to top-line expansion for Model N (MODN) in the second quarter of fiscal 2024.
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 7.41% 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 -17.27% of loss for the given period.
Volatility was left at 0.41%, however, over the last 30 days, the volatility rate increased by 0.32%, as shares sank -0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.13% upper at present.
During the last 5 trading sessions, MODN rose by +0.03%, which changed the moving average for the period of 200-days by -8.66% in comparison to the 20-day moving average, which settled at $29.69. In addition, Model N Inc saw 10.47% 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:
- -0.01 for the present operating margin
- 0.57 for the gross margin
The net margin for Model N Inc stands at 0.0. The total capital return value is set at -0.01. Equity return is now at value 0.23, with 0.05 for asset returns.
Based on Model N Inc (MODN), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 2.08. The interest coverage ratio of the stock is -0.57.
Currently, EBITDA for the company is 13.24 million with net debt to EBITDA at -3.69. When we switch over and look at the enterprise to sales, we see a ratio of 4.4. The receivables turnover for the company is 3.23for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.82.
Conclusion
In conclusion, Model N Inc (MODN) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
