Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, ModivCare Inc’s stock clocked out at $1.92, down -12.73% from its previous closing price of $2.20. In other words, the price has decreased by -$12.73 from its previous closing price. On the day, 12.8 million shares were traded.
Ratios:
To gain a deeper understanding of MODV’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 31 ’25 when AI Catalyst Fund, LP bought 187,500 shares for $4.03 per share. The transaction valued at 755,625 led to the insider holds 1,942,500 shares of the business.
AI Catalyst Fund, LP bought 187,500 shares of MODV for $725,625 on Feb 03 ’25. The 10% Owner now owns 2,130,000 shares after completing the transaction at $3.87 per share. On Jan 30 ’25, another insider, AI Catalyst Fund, LP, who serves as the 10% Owner of the company, bought 45,000 shares for $4.35 each. As a result, the insider paid 195,750 and bolstered with 1,755,000 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01.
Stock Price History:
Over the past 52 weeks, MODV has reached a high of $32.82, while it has fallen to a 52-week low of $0.87. The 50-Day Moving Average of the stock is 51.65%, while the 200-Day Moving Average is calculated to be -81.37%.
Shares Statistics:
A total of 14.35M shares are outstanding, with a floating share count of 11.98M. Insiders hold about 16.55% of the company’s shares, while institutions hold 90.86% stake in the company.
