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.
After finishing at $5.54 in the prior trading day, ModivCare Inc (NASDAQ: MODV) closed at $5.05, down -8.84%. In other words, the price has decreased by -$8.84 from its previous closing price. On the day, 0.52 million shares were traded.
Ratios:
Our goal is to gain a better understanding of MODV by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 0.03.
Stock Price History:
Over the past 52 weeks, MODV has reached a high of $46.59, while it has fallen to a 52-week low of $3.64. The 50-Day Moving Average of the stock is -42.76%, while the 200-Day Moving Average is calculated to be -72.87%.
Shares Statistics:
A total of 14.30M shares are outstanding, with a floating share count of 11.89M. Insiders hold about 16.90% of the company’s shares, while institutions hold 101.81% stake in the company.
