The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, ModivCare Inc (NASDAQ: MODV) closed at $5.93 down -10.83% from its previous closing price of $6.65. In other words, the price has decreased by -$10.83 from its previous closing price. On the day, 1.18 million shares were traded. MODV stock price reached its highest trading level at $6.895 during the session, while it also had its lowest trading level at $5.55.
Ratios:
For a deeper understanding of ModivCare Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 84702336 and an Enterprise Value of 1298653184. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 0.466 whereas that against EBITDA is 9.919.
Stock Price History:
The Beta on a monthly basis for MODV is 0.67, which has changed by -0.82944345 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, MODV has reached a high of $52.33, while it has fallen to a 52-week low of $6.32. The 50-Day Moving Average of the stock is -60.19%, while the 200-Day Moving Average is calculated to be -71.62%.
Shares Statistics:
For the past three months, MODV has traded an average of 288.82K shares per day and 609090 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 110.47% stake in the company. Shares short for MODV as of 1735603200 were 1021054 with a Short Ratio of 3.54, compared to 1732838400 on 544537. Therefore, it implies a Short% of Shares Outstanding of 1021054 and a Short% of Float of 16.520001.
Earnings Estimates
The market rating of ModivCare Inc (MODV) is currently shaped by the ongoing analysis conducted by 5.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $1.21 and $1.05 for the fiscal current year, implying an average EPS of $1.15. EPS for the following year is $2.79, with 3.0 analysts recommending between $3.0 and $2.65.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $717.27M this quarter.It ranges from a high estimate of $729.48M to a low estimate of $704.7M. As of the current estimate, ModivCare Inc’s year-ago sales were $702.83MFor the next quarter, 6 analysts are estimating revenue of $700.06M. There is a high estimate of $715.67M for the next quarter, whereas the lowest estimate is $684.45M.
A total of 6 analysts have provided revenue estimates for MODV’s current fiscal year. The highest revenue estimate was $2.81B, while the lowest revenue estimate was $2.79B, resulting in an average revenue estimate of $2.8B. In the same quarter a year ago, actual revenue was $2.75BBased on 6 analysts’ estimates, the company’s revenue will be $2.95B in the next fiscal year. The high estimate is $3.01B and the low estimate is $2.8B.
