The stock of ModivCare Inc (MODV) has seen a -6.62% decrease in the past week, with a -38.06% drop in the past month, and a -9.24% decrease in the past quarter. The volatility ratio for the week is 7.63%, and the volatility levels for the past 30 days are at 7.13% for MODV. The simple moving average for the past 20 days is -30.24% for MODV’s stock, with a -49.58% 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 0.56. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MODV is 13.96M, and at present, short sellers hold a 4.62% of that float. The average trading volume of MODV on December 27, 2024 was 280.48K shares.
MODV) stock’s latest price update
The stock price of ModivCare Inc (NASDAQ: MODV) has dropped by -3.42 compared to previous close of 11.39. Despite this, the company has seen a fall of -6.62% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-09 that ModivCare, Inc. (NASDAQ:MODV ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Kevin Ellich – Head of Investor Relations Heath Sampson – President and Chief Executive Officer Barbara Gutierrez – Chief Financial Officer Conference Call Participants Brian Tanquilut – Jefferies Pito Chickering – Deutsche Bank Bob Labick – CJS Securities Scott Fidel – Stephens Miles Highsmith – Deutsche Bank Michael Petusky – Barrington Research Rishi Parekh – JPMorgan Operator Good morning, and welcome to ModivCare’s Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
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 -31.17% 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 -78.98% of loss for the given period.
Volatility was left at 7.13%, however, over the last 30 days, the volatility rate increased by 7.63%, as shares sank -37.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.22% lower at present.
During the last 5 trading sessions, MODV fell by -6.62%, which changed the moving average for the period of 200-days by -63.72% in comparison to the 20-day moving average, which settled at $15.77. In addition, ModivCare Inc saw -74.99% 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 Q Global Capital Management, L, who purchase 32,903 shares at the price of $17.57 back on Dec 05 ’24. After this action, Q Global Capital Management, L now owns 1,957,888 shares of ModivCare Inc, valued at $578,106 using the latest closing price.
Q Global Capital Management, L, the 10% Owner of ModivCare Inc, purchase 9,210 shares at $17.73 during a trade that took place back on Dec 06 ’24, which means that Q Global Capital Management, L is holding 1,967,098 shares at $163,293 based on the most recent closing price.
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 -0.07. The total capital return value is set at 0.02. Equity return is now at value -258.05, with -10.72 for asset returns.
Based on ModivCare Inc (MODV), the company’s capital structure generated 1.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at -71.74. The interest coverage ratio of the stock is 0.28.
Currently, EBITDA for the company is -26.75 million with net debt to EBITDA at 63.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 7.42for trailing twelve months and the total asset turnover is 1.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.78.
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.
