Alpha Modus (NASDAQ:AMOD) Issues Earnings Results

Alpha Modus (NASDAQ:AMOD) released its quarterly earnings results on Friday. The company reported ($0.10) earnings per share for the quarter, Zacks reports.

Alpha Modus Stock Up 2.1%

Alpha Modus stock opened at $0.99 on Friday. The stock has a 50-day moving average price of $1.11 and a 200 day moving average price of $1.17. The company has a market capitalization of $41.54 million, a price-to-earnings ratio of -5.21 and a beta of 0.55. Alpha Modus has a 52 week low of $0.86 and a 52 week high of $13.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alpha Modus stock. XTX Topco Ltd purchased a new stake in Alpha Modus Holdings, Inc. (NASDAQ:AMOD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,202 shares of the company’s stock, valued at approximately $25,000. XTX Topco Ltd owned about 0.05% of Alpha Modus as of its most recent filing with the Securities and Exchange Commission (SEC). 15.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AMOD. Wall Street Zen upgraded Alpha Modus to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Modus in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Alpha Modus presently has a consensus rating of “Sell”.

About Alpha Modus

Alpha Modus Holdings, Inc operates as a blank check company. The company was founded on December 13, 2024 and is headquartered in Cornelius, NC.