Is ModivCare Inc’s -89.17% Fall This Year Is A Better Investing Opportunity?

In last trading session, ModivCare Inc (NASDAQ:MODV) saw 0.52 million shares changing hands with its beta currently measuring 0.58. Company’s recent per share price level of $5.05 trading at -$0.49 or -8.84% at ring of the bell on the day assigns it a market valuation of $72.19M. That closing price of MODV’s stock is at a discount of -822.57% from its 52-week high price of $46.59 and is indicating a premium of 27.92% from its 52-week low price of $3.64.

For ModivCare Inc (MODV), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.17 in the current quarter.

ModivCare Inc (NASDAQ:MODV) trade information

Upright in the red during last session for losing -8.84%, in the last five days MODV remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $5.05 price level, adding 19.07% to its value on the day. ModivCare Inc’s shares saw a change of -57.35% in year-to-date performance and have moved -13.97% in past 5-day. ModivCare Inc (NASDAQ:MODV) showed a performance of -6.83% in past 30-days.

Wall Street analysts have assigned a consensus price target of 26 to the stock, which implies a rise of 80.58% to its current value. Analysts have been projecting 17 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would drop -236.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -236.63% for stock’s current value.

ModivCare Inc (MODV) estimates and forecasts

This year revenue growth is estimated to rise 1.34% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 703.3M for the same. And 3 analysts are in estimates of company making revenue of 706.77M in the next quarter. Company posted 702.83M and 684.45M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -49.24% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -84.78% while estimates for its earnings growth in next 5 years are of -24.86%.

ModivCare Inc (NASDAQ:MODV)’s Major holders

COLISEUM CAPITAL MANAGEMENT, LLC is the top institutional holder at MODV for having 2.98 million shares of worth $78.27 million. And as of 2024-06-30, it was holding 20.9802 of the company’s outstanding shares.

The second largest institutional holder is NEUBERGER BERMAN GROUP LLC, which was holding about 1.67 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.7436 of outstanding shares, having a total worth of $43.76 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 347.17 shares of worth $1.75 million or 2.43% of the total outstanding shares. The later fund manager was in possession of 315.75 shares on Nov 30, 2024 , making its stake of worth around $1.59 million in the company or a holder of 2.21% of company’s stock.