Alpha Modus (NASDAQ:AMOD) Shares Down 7.9% – Time to Sell?

Shares of Alpha Modus Holdings, Inc. (NASDAQ:AMOD) traded down 7.9% on Friday . The stock traded as low as $0.63 and last traded at $0.6514. 953,557 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 5,167,398 shares. The stock had previously closed at $0.7070.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Alpha Modus Price Performance

The firm has a market capitalization of $27.33 million, a P/E ratio of -2.25 and a beta of 0.60. The stock’s fifty day simple moving average is $0.72 and its 200 day simple moving average is $1.00.

Alpha Modus (NASDAQ:AMOD) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.10) earnings per share for the quarter.

Institutional Investors Weigh In On Alpha Modus

An institutional investor recently bought a new position in Alpha Modus stock. Millennium Management LLC bought a new position in shares of Alpha Modus Holdings, Inc. (NASDAQ:AMOD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 98,805 shares of the company’s stock, valued at approximately $118,000. Millennium Management LLC owned about 0.24% of Alpha Modus at the end of the most recent quarter. 15.94% of the stock is owned by institutional investors.

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.