Alpha Modus (NASDAQ:AMOD) Trading 16.9% Higher – Here’s Why

Alpha Modus Holdings, Inc. (NASDAQ:AMOD)’s stock price rose 16.9% during mid-day trading on Thursday . The stock traded as high as $0.87 and last traded at $0.7167. Approximately 8,813,857 shares changed hands during trading, an increase of 8,313% from the average daily volume of 104,763 shares. The stock had previously closed at $0.6129.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Alpha Modus in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alpha Modus has an average rating of “Sell”.

Alpha Modus Stock Up 16.9%

The firm has a market capitalization of $30.07 million, a PE ratio of -2.47 and a beta of 0.57. The business’s 50-day moving average price is $0.90 and its 200-day moving average price is $1.07.

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

Institutional Trading of Alpha Modus

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

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.