The stock of ModivCare Inc (MODV) has seen a -12.70% decrease in the past week, with a 22.33% gain in the past month, and a -38.50% decrease in the past quarter. The volatility ratio for the week is 6.70%, and the volatility levels for the past 30 days are at 7.32% for MODV. The simple moving average for the last 20 days is -5.42% for MODV stock, with a simple moving average of -46.20% for the last 200 days.
Is It Worth Investing in ModivCare Inc (NASDAQ: MODV) Right Now?
The 36-month beta value for MODV is at 0.51. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for MODV is 13.96M, and currently, shorts hold a 5.63% of that float. The average trading volume for MODV on October 22, 2024 was 337.04K shares.
MODV) stock’s latest price update
ModivCare Inc (NASDAQ: MODV)’s stock price has decreased by -8.25 compared to its previous closing price of 15.88. However, the company has seen a -12.70% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-10-17 that PORTSMOUTH, N.H.–(BUSINESS WIRE)–Modivcare Inc., a leading technology-enabled healthcare services company that provides a platform of integrated supportive care solutions, through its wholly owned subsidiaries, Valued Relationships, Inc. (VRI) and Higi Care, LLC (collectively for purposes of this press release, “Modivcare”), have partnered with Tenovi, an innovator in cellular-connected remote monitoring solutions, to deliver Adherium’s Hailie® Smart inhalers for enhanced care of patients wit.
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 -28.71% 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 -72.16% of loss for the given period.
Volatility was left at 7.32%, however, over the last 30 days, the volatility rate increased by 6.70%, as shares surge +21.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.21% lower at present.
During the last 5 trading sessions, MODV fell by -12.70%, which changed the moving average for the period of 200-days by -63.56% in comparison to the 20-day moving average, which settled at $15.40. In addition, ModivCare Inc saw -66.88% 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 0.51. 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 conclusion, ModivCare Inc (MODV) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
