Alpha Modus (NASDAQ:AMOD – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($1.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.60) by $0.58, Zacks reports.
Alpha Modus Stock Down 1.5%
Alpha Modus stock traded down $0.07 during midday trading on Friday, reaching $4.49. The stock had a trading volume of 13,635 shares, compared to its average volume of 17,703. Alpha Modus has a 52-week low of $3.40 and a 52-week high of $55.46. The firm has a market cap of $18.50 million, a price-to-earnings ratio of -0.32 and a beta of 0.59. The company has a fifty day moving average of $4.40 and a 200 day moving average of $12.87.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Modus in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alpha Modus has an average rating of “Hold” and an average target price of $60.00.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Alpha Modus during the 2nd quarter worth approximately $25,000. Polar Asset Management Partners Inc. bought a new position in Alpha Modus in the 4th quarter valued at $62,000. Millennium Management LLC purchased a new stake in Alpha Modus in the third quarter worth $118,000. Finally, Geode Capital Management LLC increased its stake in Alpha Modus by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock worth $157,000 after purchasing an additional 38,131 shares during the period. Institutional investors own 15.94% of the company’s stock.
Alpha Modus Company Profile
Alpha Modus Holdings, Inc operates as a blank check company. The company was founded on December 13, 2024 and is headquartered in Cornelius, NC.
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