The stock of ModivCare Inc (MODV) has seen a -60.36% decrease in the past week, with a -49.78% drop in the past month, and a -51.82% decrease in the past quarter. The volatility ratio for the week is 34.15%, and the volatility levels for the past 30 days are at 12.33% for MODV. The simple moving average for the past 20 days is -52.81% for MODV’s stock, with a -58.21% simple moving average for the past 200 days.
Is It Worth Investing in ModivCare Inc (NASDAQ: MODV) Right Now?
The 36-month beta value for MODV is also noteworthy at 0.59. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MODV is 13.99M, and at present, short sellers hold a 5.02% of that float. The average trading volume of MODV on September 17, 2024 was 214.64K shares.
MODV) stock’s latest price update
The stock of ModivCare Inc (NASDAQ: MODV) has decreased by -9.92 when compared to last closing price of 14.12.Despite this, the company has seen a loss of -60.36% in its stock price over the last five trading days. benzinga.com reported 2024-09-12 that U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging more than 200 points on Thursday.
Analysts’ Opinion of MODV
Many brokerage firms have already submitted their reports for MODV stocks, with Barrington Research repeating the rating for MODV by listing it as a “Outperform.” The predicted price for MODV in the upcoming period, according to Barrington Research is $35 based on the research report published on August 09, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see MODV reach a price target of $50. The rating they have provided for MODV stocks is “Buy” according to the report published on May 06th, 2024.
Jefferies gave a rating of “Hold” to MODV, setting the target price at $39 in the report published on February 23rd of the current year.
MODV Trading at -48.97% 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 -75.69% of loss for the given period.
Volatility was left at 12.33%, however, over the last 30 days, the volatility rate increased by 34.15%, as shares sank -51.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.02% lower at present.
During the last 5 trading sessions, MODV fell by -60.36%, which changed the moving average for the period of 200-days by -67.38% in comparison to the 20-day moving average, which settled at $26.29. In addition, ModivCare Inc saw -71.08% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MODV
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.13 for the gross margin
The net margin for ModivCare Inc stands at -0.06. The total capital return value is set at 0.03. Equity return is now at value -188.05, with -9.29 for asset returns.
Based on ModivCare Inc (MODV), the company’s capital structure generated 0.99 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 123.76. The interest coverage ratio of the stock is 0.41.
Currently, EBITDA for the company is 154.73 million with net debt to EBITDA at 8.54. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 6.87for trailing twelve months and the total asset turnover is 1.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In summary, ModivCare Inc (MODV) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
