Alpha Modus (NASDAQ:AMOD) Shares Down 7.9% – Here’s What Happened

Alpha Modus Holdings, Inc. (NASDAQ:AMOD)’s share price fell 7.9% during trading on Friday . The company traded as low as $0.63 and last traded at $0.6514. 953,557 shares were traded during trading, a decline of 82% from the average session volume of 5,167,398 shares. The stock had previously closed at $0.7070.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Alpha Modus in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Alpha Modus Price Performance

The company has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $1.00. The stock has a market cap of $27.33 million, a PE ratio of -2.25 and a beta of 0.60.

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

Institutional Investors Weigh In On Alpha Modus

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