Modine Manufacturing Co. (NYSE: MOD)’s stock price has gone rise by 14.29 in comparison to its previous close of 98.92, however, the company has experienced a 14.54% increase in its stock price over the last five trading days. zacks.com reported 2024-07-30 that Modine (MOD) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.85 per share a year ago.
Is It Worth Investing in Modine Manufacturing Co. (NYSE: MOD) Right Now?
Modine Manufacturing Co. (NYSE: MOD) has a higher price-to-earnings ratio of 37.31x compared to its average ratio. MOD has 36-month beta value of 2.28. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MOD is 51.40M, and currently, short sellers hold a 6.55% ratio of that float. The average trading volume of MOD on July 31, 2024 was 879.38K shares.
MOD’s Market Performance
The stock of Modine Manufacturing Co. (MOD) has seen a 14.54% increase in the past week, with a 10.10% rise in the past month, and a 22.05% gain in the past quarter. The volatility ratio for the week is 8.49%, and the volatility levels for the past 30 days are at 5.82% for MOD. The simple moving average for the past 20 days is 5.66% for MOD’s stock, with a 43.93% simple moving average for the past 200 days.
Analysts’ Opinion of MOD
Oppenheimer, on the other hand, stated in their research note that they expect to see MOD reach a price target of $105. The rating they have provided for MOD stocks is “Outperform” according to the report published on March 19th, 2024.
CJS Securities gave a rating of “Market Outperform” to MOD, setting the target price at $40 in the report published on June 13th of the previous year.
MOD Trading at 11.89% from the 50-Day Moving Average
After a stumble in the market that brought MOD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.87% of loss for the given period.
Volatility was left at 5.82%, however, over the last 30 days, the volatility rate increased by 8.49%, as shares surge +5.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.77% upper at present.
During the last 5 trading sessions, MOD rose by +12.64%, which changed the moving average for the period of 200-days by +124.06% in comparison to the 20-day moving average, which settled at $107.29. In addition, Modine Manufacturing Co. saw 89.37% 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 MOD starting from Agen Brian Jon, who sale 16,799 shares at the price of $95.64 back on Mar 28 ’24. After this action, Agen Brian Jon now owns 102,409 shares of Modine Manufacturing Co., valued at $1,606,584 using the latest closing price.
Wilson David J., the Director of Modine Manufacturing Co., sale 8,000 shares at $89.22 during a trade that took place back on Mar 18 ’24, which means that Wilson David J. is holding 6,109 shares at $713,768 based on the most recent closing price.
Stock Fundamentals for MOD
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.22 for the gross margin
The net margin for Modine Manufacturing Co. stands at 0.07. The total capital return value is set at 0.19. Equity return is now at value 24.10, with 9.45 for asset returns.
Based on Modine Manufacturing Co. (MOD), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 10.52.
Currently, EBITDA for the company is 309.4 million with net debt to EBITDA at 1.46. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 5.53for trailing twelve months and the total asset turnover is 1.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
To put it simply, Modine Manufacturing Co. (MOD) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
