At the time of writing, ModivCare Inc [MODV] stock is trading at $12.49, down -0.64%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MODV shares have gain 5.49% over the last week, with a monthly amount drifted -30.88%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of ModivCare Inc fluctuated between $10.19 and $52.33. Currently, Wall Street analysts expect the stock to reach $27.33 within the next 12 months. ModivCare Inc [NASDAQ: MODV] shares were valued at $12.49 at the most recent close of the market. An investor can expect a potential return of 118.82% based on the average MODV price forecast.
Analyzing the MODV fundamentals
According to ModivCare Inc [NASDAQ:MODV], the company’s sales were 2.79B for trailing twelve months, which represents an 2.20% jump. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -2.57 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-71.74.
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 11.94 points at the first support level, and at 11.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.90, and for the 2nd resistance point, it is at 13.31.
Ratios To Look Out For
It is important to note that ModivCare Inc [NASDAQ:MODV] has a current ratio of 0.78. Further, the Quick Ratio stands at 0.78, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.06.
Transactions by insiders
Recent insider trading involved Q Global Capital Management, L, 10% Owner, that happened on Dec 05 ’24 when 32903.0 shares were purchased. 10% Owner, Q Global Capital Management, L completed a deal on Dec 06 ’24 to buy 9210.0 shares. Meanwhile, 10% Owner Q Global Capital Management, L bought 3352.0 shares on Dec 04 ’24.
