Alpha Modus (NASDAQ:AMOD) Sees Unusually-High Trading Volume – Should You Buy?

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) shares saw unusually-high trading volume on Tuesday . Approximately 34,453 shares changed hands during trading, a decline of 33% from the previous session’s volume of 51,108 shares.The stock last traded at $5.3650 and had previously closed at $5.72.

Wall Street Analysts Forecast Growth

AMOD has been the topic of several recent research reports. Maxim Group initiated coverage on Alpha Modus in a report on Wednesday, March 25th. They set a “buy” rating and a $60.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Modus in a report on Friday, March 27th. Finally, Wall Street Zen cut Alpha Modus from a “hold” rating to a “sell” rating in a 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Alpha Modus Price Performance

The firm has a 50 day simple moving average of $9.98 and a 200-day simple moving average of $19.19. The company has a market cap of $17.85 million, a price-to-earnings ratio of -12.37 and a beta of 0.51.

Alpha Modus (NASDAQ:AMOD) last posted its earnings results on Thursday, May 14th. The company reported ($128.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($126.40).

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in Alpha Modus during the second quarter worth $25,000. Geode Capital Management LLC lifted its stake in Alpha Modus by 12.6% during 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 in the last quarter. Millennium Management LLC acquired a new position in Alpha Modus during the third quarter worth $118,000. Finally, Polar Asset Management Partners Inc. acquired a new position in Alpha Modus during the fourth quarter worth $62,000. 15.94% of the stock is currently owned by institutional investors and hedge funds.

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.