Good Morning Market Enthusiast,
 

In a market that’s struggling to find direction, it’s rare to find a company that not only holds its ground but actually thrives. Today, I want to introduce you to one such standout: Modular Medical, Inc. (Nasdaq: MODD).
 

Here’s why this company is worth your attention:
 

🟢 FDA Clearance: A Game-Changer

Securing FDA clearance is a pivotal moment for any medical device company. MODD’s insulin pump patch has been fully vetted and FDA cleared, potentially opening doors to new revenue streams and partnerships. This FDA clearance signals that MODD’s product meets the highest industry standards, enhancing its credibility and market potential. (5)
 

🌊 Surging in a Weak Market

While most companies are struggling, MODD has surged over 80% over the last year. This performance suggests strong underlying fundamentals and market confidence. The recent pullback might present an ideal entry point, indicating that MODD’s growth is based on more than just hype. (1)(2)

(1)

💡 Massive Market Potential

The diabetes care market is enormous, with growing demand for effective management tools. MODD’s affordable and simplified insulin pump could capture a significant share of this market. With a market cap still under $75 million, the upside potential may be substantial. (1)(3) 

For perspective on this market's size, consider that $100 billion Medtronic (MDT) pursued a $738 million acquisition of a small Korean insulin patch pump maker just last year. (7)

While the deal ultimately didn’t go through, I think you can see the potential out there, especially when you consider that Yahoo reports MODD’s market cap is still under $75 million right now. (2)(3)

🔍 Analyst Endorsement: A Strong Signal

Key analysts recently raised their price target for MODD from $5 to $8, signaling confidence in the company’s future. A potential 250% gain from current levels is a strong endorsement, attracting more interest from larger market makers. (1)

(1)

🧐 Leadership with a Proven Track Record

MODD’s leadership team includes industry veterans who have already built billion-dollar companies. Paul DiPerna and Duane DeSisto bring invaluable experience, positioning MODD for success in a competitive market. Their track record instills confidence that MODD can achieve significant growth. (5)

Modular Medical, Inc. (Nasdaq:MODD) is an incredible story of innovation, potential, and experienced leadership. 

With recent FDA clearance, strong market performance, and a proven team, MODD is a company that deserves your attention right now. 
 

Take a closer look at what Modular Medical, Inc. (Nasdaq:MODD) is doing—this could be one of the most exciting companies in the medical device industry right now.

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To your success,

Max Masters

Co-founder, Market Tips Newsletter

Sources:
1. https://finance.yahoo.com/quote/MODD/
2. https://finance.yahoo.com/quote/MODD/history/
3. https://finance.yahoo.com/quote/MODD/key-statistics/
4. https://finance.yahoo.com/news/modular-medical-announces-fda-clearance-203500932.html
5. https://www.modular-medical.com/about 
6. https://www.modular-medical.com/

7. https://www.medtechdive.com/news/medtronic-acquire-eoflow-patch-pump-insulin-MDT/651278/

Data is provided from third-party sources and Market Tips is not responsible for its accuracy. Make sure to always do your own research and due diligence on any day and swing profile I bring to your attention. Any emojis used do not have a specific defined meaning, and may be used inconsistently. We do not provide personalized fin.ancial advice, are not finan.cial advisors, and our opinions are not suitable for all in.vest.ors. Please review our full disc.laim.er here. 

Pursuant to an agreement between Momentum Media LLC and Sica Media LLC, Momentum Media LLC has been hired for a period beginning on 09/10/2024 and ending on 09/11/2024 to publicly disseminate information about (MODD:US) via digital communications. To date we have been paid ten thousand dollars USD. We own zero shares of (MODD:US).

We have not been compensated for today’s profile on (NYSE: MDT). We own zero shares of (NYSE: MDT).