In the last trading session, 2.73 million ModivCare Inc (NASDAQ:MODV) shares changed hands as the company’s beta touched 0.62. With the company’s per share price at $6.56 changed hands at -$5.93 or -47.48% during last session, the market valuation stood at $93.70M. MODV’s last price was a discount, traded about -697.71% off its 52-week high of $52.33. The share price had its 52-week low at $10.19, which suggests the last value was -55.34% down since then. When we look at ModivCare Inc’s average trading volume, we note the 10-day average is 0.47 million shares, with the 3-month average coming to 225.91K.
Analysts gave the ModivCare Inc (MODV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MODV as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. ModivCare Inc’s EPS for the current quarter is expected to be 0.69.
ModivCare Inc (NASDAQ:MODV) trade information
Instantly MODV was in red as seen at the end of in last trading. With action -47.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -44.59%, with the 5-day performance at -47.01% in the red. However, in the 30-day time frame, ModivCare Inc (NASDAQ:MODV) is -64.60% down. Looking at the short shares, we see there were 0.64 million shares sold at short interest cover period of 3.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 78.13% from its current market value. According to analyst projections, MODV’s forecast low is 22 with 30 as the target high. To hit the forecast high, the stock’s price needs a -357.32% plunge from its current level, while the stock would need to soar -235.37% for it to hit the projected low.
ModivCare Inc (MODV) estimates and forecasts
Data shows that the ModivCare Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -74.15% over the past 6 months, a -81.07% in annual growth rate that is considerably lower than the industry average of 5.10%. Year-over-year growth is forecast to reach 1.90% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 718.19M. 2 analysts are of the opinion that ModivCare Inc’s revenue for the current quarter will be 727.23M. The company’s revenue for the corresponding quarters a year ago was 702.83M and 684.45M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.19%. The estimates for the next quarter sales put growth at 6.25%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -49.24%. The 2025 estimates are for ModivCare Inc earnings to decrease by -81.62%, but the outlook for the next 5-year period is at 10.00% per year.
MODV Dividends
ModivCare Inc is expected to release its next quarterly earnings report in February.
ModivCare Inc (NASDAQ:MODV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.44% of ModivCare Inc shares while 116.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 118.59%. There are 116.88% institutions holding the ModivCare Inc stock share, with COLISEUM CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 21.0023% of the shares, roughly 2.98 million MODV shares worth $78.27 million.
NEUBERGER BERMAN GROUP LLC holds the second largest percentage of outstanding shares, with 11.7436% or 1.67 million shares worth $43.76 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 347.17 shares estimated at $2.28 million under it, the former controlled 2.43% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.04% of the shares, roughly 290.98 shares worth around $1.91 million.
