The stock has a 36-month beta value of 0.45. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MODV is 13.92M, and at present, short sellers hold a 9.22% of that float. On April 25, 2024, the average trading volume of MODV was 288.84K shares.
MODV) stock’s latest price update
ModivCare Inc (NASDAQ: MODV)’s stock price has soared by 10.30 in relation to previous closing price of 22.52. Nevertheless, the company has seen a gain of 19.65% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-23 that ModivCare Inc. (MODV) Q4 2023 Earnings Call Transcript
MODV’s Market Performance
ModivCare Inc (MODV) has seen a 19.65% rise in stock performance for the week, with a 5.39% gain in the past month and a -41.64% plunge in the past quarter. The volatility ratio for the week is 7.90%, and the volatility levels for the past 30 days are at 6.73% for MODV. The simple moving average for the past 20 days is 9.55% for MODV’s stock, with a -32.68% simple moving average for the past 200 days.
Analysts’ Opinion of MODV
Many brokerage firms have already submitted their reports for MODV stocks, with Jefferies repeating the rating for MODV by listing it as a “Hold.” The predicted price for MODV in the upcoming period, according to Jefferies is $39 based on the research report published on February 23, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see MODV reach a price target of $40, previously predicting the price at $60. The rating they have provided for MODV stocks is “Hold” according to the report published on February 23rd, 2024.
Stephens gave a rating of “Overweight” to MODV, setting the target price at $145 in the report published on August 03rd of the previous year.
MODV Trading at -15.46% from the 50-Day Moving Average
After a stumble in the market that brought MODV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.08% of loss for the given period.
Volatility was left at 6.73%, however, over the last 30 days, the volatility rate increased by 7.90%, as shares surge +3.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.41% lower at present.
During the last 5 trading sessions, MODV rose by +19.65%, which changed the moving average for the period of 200-days by -49.84% in comparison to the 20-day moving average, which settled at $22.72. In addition, ModivCare Inc saw -43.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MODV starting from Coliseum Capital Management, L, who purchase 204,379 shares at the price of $35.00 back on Sep 15 ’23. After this action, Coliseum Capital Management, L now owns 2,982,751 shares of ModivCare Inc, valued at $7,153,441 using the latest closing price.
Sampson L Heath, the President, CEO of ModivCare Inc, purchase 3,500 shares at $34.57 during a trade that took place back on Sep 15 ’23, which means that Sampson L Heath is holding 27,966 shares at $121,009 based on the most recent closing price.
Stock Fundamentals for MODV
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.15 for the gross margin
The net margin for ModivCare Inc stands at -0.08. The total capital return value is set at -0.11. Equity return is now at value -80.06, with -11.02 for asset returns.
Based on ModivCare Inc (MODV), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 7.08. The interest coverage ratio of the stock is -2.02.
Currently, EBITDA for the company is 154.73 million with net debt to EBITDA at 7.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 7.33for trailing twelve months and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
To sum up, ModivCare Inc (MODV) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
