Modular Medical has submitted a filing to the Securities and Exchange Commission for a mixed securities shelf offering valued at up to $75 million. This strategic move by Modular Medical (MODD, Financial) aims to provide the company with greater financial flexibility and access to capital markets. By establishing this shelf registration, the company can issue various financial instruments, including stocks, warrants, or debt securities, according to market opportunities and its funding needs. Investors and stakeholders will be watching how Modular Medical utilizes this potential influx of capital to further its business objectives.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Modular Medical Inc (MODD, Financial) is $8.00 with a high estimate of $8.00 and a low estimate of $8.00. The average target implies an upside of 706.45% from the current price of $0.99. More detailed estimate data can be found on the Modular Medical Inc (MODD) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Modular Medical Inc's (MODD, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
