ModivCare Inc [MODV] stock prices are up 18.75% to $5.13 at the moment. 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 28.25% over the last week, with a monthly amount drifted -59.19%, 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.
The stock price of ModivCare Inc [MODV] has been fluctuating between $3.64 and $52.33 over the past year. Currently, Wall Street analysts expect the stock to reach $24.75 within the next 12 months. ModivCare Inc [NASDAQ: MODV] shares were valued at $5.13 at the most recent close of the market. An investor can expect a potential return of 382.46% based on the average MODV price forecast.
Analyzing the MODV fundamentals
The ModivCare Inc [NASDAQ:MODV] reported sales of 2.79B for trailing twelve months, representing a surge of 2.20%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -74.27.
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 4.47 points at the first support level, and at 3.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.56, and for the 2nd resistance point, it is at 5.99.
Ratios To Look Out For
It’s worth pointing out that ModivCare Inc [NASDAQ:MODV]’s Current Ratio is 0.78. As well, the Quick Ratio is 0.78, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.03.
Transactions by insiders
Recent insider trading involved AI Catalyst Fund, LP, 10% Owner, that happened on Jan 31 ’25 when 0.19 million shares were purchased. 10% Owner, AI Catalyst Fund, LP completed a deal on Feb 03 ’25 to buy 0.19 million shares. Meanwhile, 10% Owner AI Catalyst Fund, LP bought 45000.0 shares on Jan 30 ’25.
