How to Buy Model N Stock
Model N Inc
Model N is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker MODN on the NYSE exchange.
Model N stock last closed at $29.80, up 0.51% from the previous day, and has decreased 13.62% in one year. It has underperformed other stocks in the Software - Application industry by 0.32 percentage points. Model N stock is currently +42.58% from its 52-week low of $20.90, and -17.13% from its 52-week high of $35.96.
At the moment, there are 39.03M shares of MODN outstanding. The market value of MODN is $1.16B. In the last 24 hours, 840,986 MODN shares were traded.
How to Buy Model N Stock
Not sure how to invest in Model N stock? Here's how.
- Choose where to buy Model N stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Model N stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your information.
- Analyze Model N stock: The Model N ticker symbol is MODN. Is Model N stock a good investment? Should you buy shares of MODN? How do MODN's underlying business fundamentals look? Do top analysts think Model N is a good buy? Why has MODN's stock price moved recently? (Hint: Our stock market research website can help you figure out if MODN is a good stock to buy).
- Place your MODN trade: Decide if you will purchase MODN shares at the current market price or use a limit order to purchase MODN stock at a particular price.
- Keep an eye on your MODN investment: Create a watchlist to keep tabs on your new investment in Model N shares.
Step 1: Choose where to buy Model N stock
You will need a brokerage account to access the NYSE market and buy MODN stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world financial markets: From Tech to Financial Services, New York to London — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal info so you can buy MODN today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open a new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have created your account on the best stock app, you need to deposit funds:
Watch the walkthrough below to see the process of transferring money into your new investment account.
Step 4: Analyze Model N stock
After you have selected the best place to buy Model N stock, it's crucial to research their stock before you invest, so you actually comprehend the risk and opportunity.
Overview of key MODN info
Fundamentals of Model N
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on MODN's stock page.
What is the fair value of MODN stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MODN's intrinsic value.
Using relative valuations methods:
- MODN could be overvalued based on its P/B ratio of 9.35x, relative to Software - Application industry P/B ratio of 6.42x
You can do additional valuation analysis on MODN's stock here.
MODN Financial Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the MODN balance sheet.
- There are more short-term assets than long-term liabilities on the MODN balance sheet.
Negative Financial Indicators:
- MODN's operating cash flow of $43.99M allows it to safely service it's debt of $290.77M.
- MODN earnings of -$20.24M is not sufficient to cover its interest payments.
- Total MODN debt is higher than 5 years ago, relative to shareholder equity.
- MODN has a relatively high debt to equity ratio of 3.14.
- MODN profit margin has gone down from -11.6% to -12.5% in the past year.
Is it a good time to buy MODN stock, according to analysts?
Out of 8 Equities analysts who track MODN, the consensus analyst rating on Model N is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent MODN Analyst Recommendations
Joe Goodwin, a bottom 6% analyst from JMP Securities maintains MODN with a buy rating and lowers their MODN price target from $44.00 to $30.00, on Nov 24, 2023.
Adam Hotchkiss, a top 21% analyst from Goldman Sachs maintains MODN with a strong buy rating and lowers their MODN price target from $42.00 to $36.00, on Nov 13, 2023.
Ryan MacDonald, a bottom 2% analyst from Needham maintains MODN with a buy rating and lowers their MODN price target from $37.00 to $31.00, on Nov 10, 2023.
You can dig deeper into what analysts are forecasting on the Model N stock forecast page.
MODN Technical Indicators
Is MODN Making Money?
Last year, MODN revenue was $253.80M. In the last 5 year, MODN's revenue has increased by 11% per year. This was slower than the Software - Application industry average of 27.52%.
Dig into MODN's earnings and revenue performance here.
Latest Insiders Trades at MODN
In the last year, executives and large shareholders at MODN have sold more shares than they have bought.
Kimberly Decarlis, Director of MODN, was the latest MODN insider to sell. They sold $12,815.00 worth of MODN stock on Mar 14, 2024.
Dig into more about who owns MODN stock here.
Does MODN provide a stable income stream?
No, Model N doesn't provide an income stream by paying out dividends.
What others are saying about MODN
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your MODN trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you require more assistance buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your MODN investment
Now that you own some MODN stock, you'll want to keep up with your new company.
Make a watchlist to keep track of your MODN stock.
MODN Feed
How to Buy Stock in Model N
To summarize, here are the 6 steps to buy Model N stock:
- Choose where to buy Model N stock
- Open a brokerage account
- Fund your investment account
- Analyze Model N stock
- Place your MODN trade
- Keep an eye on your MODN investment
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Model N, add MODN to your watchlist below.
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