Alpha Modus (NASDAQ:AMOD) Issues Quarterly Earnings Results

Alpha Modus (NASDAQ:AMOD) issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($1.60) by $1.52, Zacks reports.

Alpha Modus Trading Down 6.7%

NASDAQ:AMOD traded down $0.32 during mid-day trading on Thursday, hitting $4.46. The company’s stock had a trading volume of 23,655 shares, compared to its average volume of 51,397. The company has a market capitalization of $18.38 million, a price-to-earnings ratio of -0.32 and a beta of 0.60. Alpha Modus has a fifty-two week low of $3.79 and a fifty-two week high of $104.00. The stock has a fifty day moving average of $7.70 and a 200-day moving average of $17.33.

Hedge Funds Weigh In On Alpha Modus

A number of hedge funds have recently modified their holdings of AMOD. XTX Topco Ltd acquired a new stake in shares of Alpha Modus in the 2nd quarter valued at $25,000. Millennium Management LLC bought a new position in Alpha Modus in the third quarter valued at about $118,000. Polar Asset Management Partners Inc. acquired a new stake in Alpha Modus in the fourth quarter worth about $62,000. Finally, Geode Capital Management LLC raised its holdings in Alpha Modus by 12.6% during the 4th 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 last quarter. 15.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMOD has been the subject of several research reports. Maxim Group began coverage on shares of Alpha Modus in a research note on Wednesday, March 25th. They issued a “buy” rating and a $60.00 target price for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alpha Modus in a report on Wednesday, June 24th. Finally, Wall Street Zen downgraded Alpha Modus from a “hold” rating to a “sell” rating in a research report on Monday, March 16th. 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, the company currently has an average rating of “Hold” and an average price target of $60.00.

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.