Is Modular Medical Inc (MODD) Stock About to Get Hot Friday?

The market has been high on Modular Medical Inc (MODD) stock recently. MODD gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Modular Medical Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MODD!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With MODD Stock Today?

Modular Medical Inc (MODD) stock is down -1.5% while the S&P 500 is up 0.16% as of 10:48 AM on Friday, Feb 23. MODD has fallen -$0.03 from the previous closing price of $1.75 on volume of 190,200 shares. Over the past year the S&P 500 is up 30.68% while MODD has fallen -36.53%. MODD lost -$0.97 per share in the over the last 12 months.

More About Modular Medical Inc

Modular Medical Inc is a development stage medical device company, which focuses on the design, development, and commercialization of an insulin pump to address shortcomings and problems represented by the relatively limited adoption of currently available pumps for insulin-requiring people with diabetes. Click Here to get the full Stock Report for Modular Medical Inc stock.