In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
ModivCare Inc (NASDAQ: MODV) closed the day trading at $1.38 up 4.94% from the previous closing price of $1.32. In other words, the price has increased by $4.94 from its previous closing price. On the day, 0.66 million shares were traded. MODV stock price reached its highest trading level at $1.4495 during the session, while it also had its lowest trading level at $1.24.
Ratios:
For a better understanding of MODV, let’s 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:
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 19789200 and an Enterprise Value of 1209415296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01. Its current Enterprise Value per Revenue stands at 0.434 whereas that against EBITDA is 10.347.
Stock Price History:
The Beta on a monthly basis for MODV is 0.88, which has changed by -0.94142616 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. Over the past 52 weeks, MODV has reached a high of $32.82, while it has fallen to a 52-week low of $1.31. The 50-Day Moving Average of the stock is -63.82%, while the 200-Day Moving Average is calculated to be -90.98%.
Shares Statistics:
Over the past 3-months, MODV traded about 631.63K shares per day on average, while over the past 10 days, MODV traded about 489430 shares per day. A total of 14.32M shares are outstanding, with a floating share count of 11.96M. Insiders hold about 16.59% of the company’s shares, while institutions hold 101.46% stake in the company. Shares short for MODV as of 1741910400 were 2257502 with a Short Ratio of 3.57, compared to 1739491200 on 1817022. Therefore, it implies a Short% of Shares Outstanding of 2257502 and a Short% of Float of 33.94.
