The stock of ModivCare Inc (NASDAQ: MODV) has decreased by -11.70 when compared to last closing price of 7.35.Despite this, the company has seen a loss of -1.07% in its stock price over the last five trading days. accessnewswire.com reported 2025-01-17 that NEW YORK, NY / ACCESS Newswire / January 17, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of ModivCare Inc. (“ModivCare Inc.”) (NASDAQ:MODV) concerning possible violations of federal securities laws. On September 12, 2024, ModivCare filed a press release on a Form 8-K.
Is It Worth Investing in ModivCare Inc (NASDAQ: MODV) Right Now?
The 36-month beta value for MODV is at 0.63. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for MODV is 13.95M, and currently, shorts hold a 7.32% of that float. The average trading volume for MODV on January 20, 2025 was 328.67K shares.
MODV’s Market Performance
MODV’s stock has seen a -1.07% decrease for the week, with a -59.18% drop in the past month and a -62.31% fall in the past quarter. The volatility ratio for the week is 18.72%, and the volatility levels for the past 30 days are at 16.09% for ModivCare Inc The simple moving average for the past 20 days is -35.71% for MODV’s stock, with a -68.59% simple moving average for the past 200 days.
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 previous 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 previous year.
MODV Trading at -54.75% 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 -87.60% of loss for the given period.
Volatility was left at 16.09%, however, over the last 30 days, the volatility rate increased by 18.72%, as shares sank -53.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.14% lower at present.
During the last 5 trading sessions, MODV fell by -1.07%, which changed the moving average for the period of 200-days by -69.86% in comparison to the 20-day moving average, which settled at $10.10. In addition, ModivCare Inc saw -45.19% 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 720,000 shares at the price of $7.07 back on Jan 10 ’25. After this action, Coliseum Capital Management, L now owns 3,702,751 shares of ModivCare Inc, valued at $5,087,586 using the latest closing price.
Coliseum Capital Management, L, the 10% Owner of ModivCare Inc, purchase 452,378 shares at $6.56 during a trade that took place back on Jan 13 ’25, which means that Coliseum Capital Management, L is holding 4,155,129 shares at $2,967,600 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 -74.27. The interest coverage ratio of the stock is 0.28.
Currently, EBITDA for the company is -23.33 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 0.47. 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 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.
