In the last trading session, 1.09 million shares of the ModivCare Inc (NASDAQ:MODV) were traded, and its beta was 0.58. Most recently the company’s share price was $5.13, and it changed around $0.81 or 18.75% from the last close, which brings the market valuation of the company to $73.33M. MODV currently trades at a discount to its 52-week high of $52.33, offering almost -920.08% off that amount. The share price’s 52-week low was $3.64, which indicates that the current value has risen by an impressive 29.04% since then. We note from ModivCare Inc’s average daily trading volume that its 10-day average is 0.84 million shares, with the 3-month average coming to 463.77K.
ModivCare Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended MODV as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. ModivCare Inc is expected to report earnings per share of 0.17 for the current quarter.
ModivCare Inc (NASDAQ:MODV) trade information
Instantly MODV has showed a green trend with a performance of 18.75% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.39 on recent trading dayincreased the stock’s daily price by 4.82%. The company’s shares are currently down -56.67% year-to-date, but still up 28.25% over the last five days. On the other hand, ModivCare Inc (NASDAQ:MODV) is -59.19% down in the 30-day period. We can see from the shorts that 1.15 million shares have been sold at a short interest cover period of 2.11 day(s).
The consensus price target as assigned by Wall Street analysts is $26, which translates to bulls needing to increase their stock price by 80.27% from its current value. Analyst projections state that MODV is forecast to be at a low of $17 and a high of $30.
ModivCare Inc (MODV) estimates and forecasts
The year-over-year growth rate is expected to be 1.34%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 703.3M in revenue for the current quarter. 3 analysts expect ModivCare Inc to make 706.77M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 702.83M and 684.45M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.07%. Forecasts for the next quarter put sales growth at 3.26%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -49.24%. ModivCare Inc earnings are expected to increase by -84.78% in 2025, but the outlook is negative -24.86% per year for the next five years.
MODV Dividends
ModivCare Inc’s next quarterly earnings report is expected to be released in March.
ModivCare Inc (NASDAQ:MODV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.50% of ModivCare Inc shares, and 112.06% of them are in the hands of institutional investors. The stock currently has a share float of 134.20%. ModivCare Inc stock is held by 146.0 institutions, with COLISEUM CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 21.0023% of the shares, which is about 2.98 million shares worth $78.27 million.
NEUBERGER BERMAN GROUP LLC, with 11.7436% or 1.67 million shares worth $43.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 347.17 shares worth $1.78 million, making up 2.43% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 315.75 shares worth around $1.62 million, which represents about 2.21% of the total shares outstanding.
