During the recent session, ModivCare Inc (NASDAQ:MODV)’s traded shares were 0.5 million, with the beta value of the company hitting 0.56. At the last check today, the stock’s price was $3.51, reflecting an intraday loss of -1.16% or -$0.04. The 52-week high for the MODV share is $33.64, that puts it down -858.4 from that peak though still a striking 14.53% gain since the share price plummeted to a 52-week low of $3.00. The company’s market capitalization is $50.15M, and the average trade volume was 556.53K shares over the past three months.
ModivCare Inc (MODV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. MODV has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.
ModivCare Inc (NASDAQ:MODV) trade information
ModivCare Inc (MODV) registered a -1.16% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.16% in intraday trading to $3.51, hitting a weekly high. The stock’s 5-day price performance is 6.32%, and it has moved by -17.25% in 30 days. Based on these gigs, the overall price performance for the year is -88.75%.
The consensus price target of analysts on Wall Street is $26, which implies an increase of 86.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17 and $30 respectively. As a result, MODV is trading at a discount of -754.7% off the target high and -384.33% off the low.
ModivCare Inc (MODV) estimates and forecasts
In the rating firms’ projections, revenue will decrease -5.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 706.77M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 715.12M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 684.45M and 698.3M respectively. In this case, analysts expect current quarter sales to grow by 3.26% and then jump by 2.41% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -49.24%. While earnings are projected to return -30.93% in 2025, the next five years will return 56.53% per annum.
MODV Dividends
ModivCare Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ModivCare Inc (NASDAQ:MODV)’s Major holders
The next largest institutional holding, with 1.67 million shares, is of NEUBERGER BERMAN GROUP LLC’s that is approximately 11.7436% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $43.76 million.
Also, the Mutual Funds coming in first place with the largest holdings of ModivCare Inc (MODV) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 347.17 shares. This amounts to just over 2.43 percent of the company’s overall shares, with a $1.17 million market value. The same data shows that the other fund manager holds slightly less at 290.5, or about 2.03% of the stock, which is worth about $0.98 million.
