Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of ModivCare Inc (NASDAQ: MODV) was $6.49 for the day, down -11.70% from the previous closing price of $7.35. In other words, the price has decreased by -$11.70 from its previous closing price. On the day, 0.49 million shares were traded. MODV stock price reached its highest trading level at $7.8416 during the session, while it also had its lowest trading level at $6.265.
Ratios:
Our analysis of MODV’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 0.78.
On May 06, 2024, Lake Street Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $50.
Jefferies Downgraded its Buy to Hold on February 23, 2024, whereas the target price for the stock was revised from $60 to $39.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 10 ’25 when Coliseum Capital Management, L bought 720,000 shares for $7.07 per share. The transaction valued at 5,087,586 led to the insider holds 3,702,751 shares of the business.
Coliseum Capital Management, L bought 452,378 shares of MODV for $2,967,600 on Jan 13 ’25. The 10% Owner now owns 4,155,129 shares after completing the transaction at $6.56 per share. On Jan 14 ’25, another insider, Coliseum Capital Management, L, who serves as the 10% Owner of the company, bought 330,046 shares for $5.88 each. As a result, the insider paid 1,940,670 and bolstered with 4,485,175 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MODV now has a Market Capitalization of 92701208 and an Enterprise Value of 1306652032. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 0.469 whereas that against EBITDA is 9.98.
Stock Price History:
Over the past 52 weeks, MODV has reached a high of $52.33, while it has fallen to a 52-week low of $5.55. The 50-Day Moving Average of the stock is -54.75%, while the 200-Day Moving Average is calculated to be -68.59%.
Shares Statistics:
MODV traded an average of 328.67K shares per day over the past three months and 859660 shares per day over the past ten days. A total of 14.30M shares are outstanding, with a floating share count of 13.95M. Insiders hold about 2.31% of the company’s shares, while institutions hold 107.32% stake in the company. Shares short for MODV as of 1735603200 were 1021054 with a Short Ratio of 3.11, compared to 1732838400 on 544537. Therefore, it implies a Short% of Shares Outstanding of 1021054 and a Short% of Float of 16.520001.
