Alpha Modus (NASDAQ:AMOD) Releases Quarterly Earnings Results, Beats Expectations By $0.58 EPS

Alpha Modus (NASDAQ:AMOD) issued its quarterly earnings data on Friday. The company reported ($1.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.60) by $0.58, Zacks reports.

Alpha Modus Stock Down 1.5%

Shares of NASDAQ:AMOD opened at $4.49 on Friday. The firm has a market cap of $18.50 million, a P/E ratio of -0.32 and a beta of 0.59. Alpha Modus has a 12-month low of $3.40 and a 12-month high of $55.46. The business has a fifty day simple moving average of $4.40 and a 200 day simple moving average of $12.87.

Institutional Investors Weigh In On Alpha Modus

A number of institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of Alpha Modus in the second quarter worth approximately $25,000. Polar Asset Management Partners Inc. acquired a new stake in Alpha Modus during the 4th quarter valued at approximately $62,000. Millennium Management LLC acquired a new stake in Alpha Modus during the 3rd quarter valued at approximately $118,000. 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. Institutional investors own 15.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.