Model N, Inc

Company Overview: Model N, Inc. is a provider of cloud revenue management solutions for life sciences and technology companies. The company's revenue management solutions division is where it develops and makes money. As a system of record for critical revenue management procedures including pricing, quoting, contracts, rebates, incentives, channel management, reporting, and regulatory compliance, it offers solutions that cross organizational and operational boundaries of areas like sales, marketing, and finance.

As per our previous Diversified Opportunities report published on MODN on 16^th February 2023, Kalkine provided a ‘Buy’ stance on the stock at USD 35.04 based on ‘given outlook, better short-term liquidity, upside indicated by valuation, and key risks associated with the business’ and the stock price has now moved by negative ~2.05% since then.

Noted below are the details of support and resistance levels provided in our previous report:

MODN’s Daily Chart

Considering the resistance around the range of USD 35.00-USD 36.00, current trading levels, risks associated, and volatile market conditions on the back of rising interest rates, a ‘Sell’ rating is assigned to the “MODN” at the current market price of USD 34.32 (as of 12 April 2023, at 06:45 am PDT).  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 12th April 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Disclaimer

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