Currently, ModivCare Inc [MODV] is trading at $28.86, up 5.99%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MODV shares have gain 8.13% over the last week, with a monthly amount glided 31.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ModivCare Inc [NASDAQ: MODV] stock has seen the most recent analyst activity on August 09, 2024, when Barrington Research upgraded its rating to a Outperform but kept the price target unchanged to $35 for it. Previously, Lake Street upgraded its rating to Buy on May 06, 2024, and kept the price target unchanged to $50. On February 23, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $39 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $40 on February 23, 2024. Stephens initiated its recommendation with a Overweight and recommended $145 as its price target on August 03, 2022. Barrington Research reiterated a Outperform rating for this stock on February 28, 2022, and downed its price target to $155. In a note dated December 17, 2021, Deutsche Bank initiated an Buy rating and provided a target price of $180 on this stock.
This stock has fluctuated between a low of $18.44 and a high of $52.33 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $38.67 within the next 12 months. ModivCare Inc [NASDAQ: MODV] shares were valued at $28.86 at the most recent close of the market. An investor can expect a potential return of 33.99% based on the average MODV price forecast.
Analyzing the MODV fundamentals
Trailing Twelve Months sales for ModivCare Inc [NASDAQ:MODV] were 2.77B which represents -0.12% decline. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -1.4 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of123.76.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.65 points at the first support level, and at 26.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.57, and for the 2nd resistance point, it is at 30.29.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ModivCare Inc [NASDAQ:MODV] is 0.79. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 43.24.
Transactions by insiders
Recent insider trading involved Sampson L Heath, President, CEO, that happened on Sep 15 ’23 when 3500.0 shares were purchased. Director, Coliseum Capital Management, L completed a deal on Sep 15 ’23 to buy 0.2 million shares. Meanwhile, Director Coliseum Capital Management, L bought 0.13 million shares on Sep 13 ’23.
