Alpha Modus (NASDAQ:AMOD) Stock Price Down 7.1% – Here’s Why

Alpha Modus Holdings, Inc. (NASDAQ:AMOD) shares dropped 7.1% during trading on Wednesday . The company traded as low as $1.83 and last traded at $1.84. 41,208 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 346,839 shares. The stock had previously closed at $1.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Alpha Modus from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Alpha Modus has an average rating of “Hold” and an average target price of $60.00.

Alpha Modus Price Performance

The firm has a market cap of $9.81 million, a PE ratio of -0.24 and a beta of 0.55. The company has a 50 day simple moving average of $3.53 and a 200-day simple moving average of $8.32.

Alpha Modus (NASDAQ:AMOD) last posted its quarterly earnings results on Friday, August 14th. The company reported ($1.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.60) by $0.58.

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.