The price-to-earnings ratio for Modine Manufacturing Co (NYSE: MOD) is above average at 46.11x. The 36-month beta value for MOD is also noteworthy at 2.31. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MOD is 51.49M, and at present, short sellers hold a 6.67% of that float. The average trading volume of MOD on November 22, 2024 was 664.43K shares.
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MOD) stock’s latest price update
Modine Manufacturing Co (NYSE: MOD)’s stock price has soared by 5.12 in relation to previous closing price of 133.65. Nevertheless, the company has seen a gain of 16.91% in its stock price over the last five trading days. zacks.com reported 2024-11-20 that Zacks.com users have recently been watching Modine (MOD) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
MOD’s Market Performance
MOD’s stock has risen by 16.91% in the past week, with a monthly rise of 9.52% and a quarterly rise of 17.64%. The volatility ratio for the week is 5.77% while the volatility levels for the last 30 days are 5.30% for Modine Manufacturing Co The simple moving average for the past 20 days is 12.11% for MOD’s stock, with a 33.63% simple moving average for the past 200 days.
Analysts’ Opinion of MOD
Many brokerage firms have already submitted their reports for MOD stocks, with B. Riley Securities repeating the rating for MOD by listing it as a “Buy.” The predicted price for MOD in the upcoming period, according to B. Riley Securities is $140 based on the research report published on August 01, 2024 of the current year 2024.
Oppenheimer gave a rating of “Outperform” to MOD, setting the target price at $105 in the report published on March 19th of the current year.
MOD Trading at 10.18% 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 -0.87% of loss for the given period.
Volatility was left at 5.30%, however, over the last 30 days, the volatility rate increased by 5.77%, as shares surge +12.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.78% upper at present.
During the last 5 trading sessions, MOD rose by +16.91%, which changed the moving average for the period of 200-days by +104.83% in comparison to the 20-day moving average, which settled at $125.31. In addition, Modine Manufacturing Co saw 135.33% 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 McGinnis Eric S, who sale 44,000 shares at the price of $127.25 back on Nov 08 ’24. After this action, McGinnis Eric S now owns 36,551 shares of Modine Manufacturing Co, valued at $5,598,807 using the latest closing price.
McGinnis Eric S, the Officer of Modine Manufacturing Co, proposed sale 44,000 shares at $127.37 during a trade that took place back on Nov 08 ’24, which means that McGinnis Eric S is holding shares at $5,604,280 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
- 0.24 for the gross margin
The net margin for Modine Manufacturing Co stands at 0.07. The total capital return value is set at 0.2. Equity return is now at value 21.44, with 9.29 for asset returns.
Based on Modine Manufacturing Co (MOD), the company’s capital structure generated 0.33 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 0.49. The interest coverage ratio of the stock is 10.24.
Currently, EBITDA for the company is 306.8 million with net debt to EBITDA at 0.96. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The receivables turnover for the company is 5.49for 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 1.77.
Conclusion
In summary, Modine Manufacturing Co (MOD) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
