Model N Inc (MODN): A Great Stock For Handling Current Market Conditions?

Currently, there are 38.76M common shares owned by the public and among those 36.21M shares have been available to trade.

The company’s stock has a 5-day price change of 7.81% and 17.63% over the past three months. MODN shares are trading 10.73% year to date (YTD), with the 12-month market performance down to -8.16% lower. It has a 12-month low price of $20.90 and touched a high of $35.96 over the same period. MODN has an average intraday trading volume of 270.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.48%, 13.25%, and 10.24% respectively.

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Institutional ownership of Model N Inc (NYSE: MODN) shares accounts for 99.90% of the company’s 38.76M shares outstanding.

It has a market capitalization of $1.16B and a beta (3y monthly) value of 0.71. The earnings-per-share (ttm) stands at -$0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.22% over the week and 2.61% over the month.

Analysts forecast that Model N Inc (MODN) will achieve an EPS of $0.26 for the current quarter, $0.37 for the next quarter and $1.43 for 2025. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.27. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to increase by 15.42%, and 11.40% over the next financial year.

JP Morgan coverage for the Model N Inc (MODN) stock in a research note released on December 13, 2023 offered a Neutral rating with a price target of $25. BTIG Research was of a view on November 10, 2023 that the stock is Neutral, while Jefferies gave the stock Hold rating on July 12, 2023, issuing a price target of $40. Goldman on their part issued Buy rating on July 06, 2023.

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