Alpha Modus (NASDAQ:AMOD) Sees Strong Trading Volume – Here’s Why

Shares of Alpha Modus Holdings, Inc. (NASDAQ:AMOD) saw an uptick in trading volume on Tuesday . 34,453 shares changed hands during trading, a decline of 33% from the previous session’s volume of 51,108 shares.The stock last traded at $5.3650 and had previously closed at $5.72.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMOD. Wall Street Zen downgraded shares of Alpha Modus from a “hold” rating to a “sell” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Alpha Modus in a research note on Friday, March 27th. Finally, Maxim Group began coverage on shares of Alpha Modus in a research note on Wednesday, March 25th. They issued a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.00.

Alpha Modus Stock Performance

The firm has a market cap of $882.27 million, a P/E ratio of -15.29 and a beta of 0.51. The company’s 50 day moving average is $10.36 and its 200 day moving average is $19.55.

Alpha Modus (NASDAQ:AMOD) last released its quarterly earnings results on Thursday, May 14th. The company reported ($128.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($126.40).

Hedge Funds Weigh In On Alpha Modus

Several large investors have recently modified their holdings of AMOD. XTX Topco Ltd bought a new position in shares of Alpha Modus during the second quarter valued at $25,000. Millennium Management LLC bought a new position in shares of Alpha Modus during the third quarter valued at $118,000. Geode Capital Management LLC raised its stake in shares of Alpha Modus by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 340,282 shares of the company’s stock valued at $157,000 after acquiring an additional 38,131 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Alpha Modus during the fourth quarter valued at $62,000. 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.