In last trading session, ModivCare Inc (NASDAQ:MODV) saw 0.74 million shares changing hands with its beta currently measuring 0.75. Company’s recent per share price level of $2.30 trading at $0.07 or 3.14% at ring of the bell on the day assigns it a market valuation of $32.98M. That closing price of MODV’s stock is at a discount of -1326.96% from its 52-week high price of $32.82 and is indicating a premium of 6.09% from its 52-week low price of $2.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.62 million shares which gives us an average trading volume of 602.63K if we extend that period to 3-months.
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 -0.44 in the current quarter.
ModivCare Inc (NASDAQ:MODV) trade information
Upright in the green during last session for gaining 3.14%, in the last five days MODV remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $2.30 price level, adding 18.15% to its value on the day. ModivCare Inc’s shares saw a change of -80.57% in year-to-date performance and have moved -16.36% in past 5-day. ModivCare Inc (NASDAQ:MODV) showed a performance of -58.11% in past 30-days. Number of shares sold short was 1.86 million shares which calculate 3.18 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 23.5 to the stock, which implies a rise of 90.21% to its current value. Analysts have been projecting 6 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 -160.87% in reaching the projected high whereas dropping to the targeted low would mean a loss of -160.87% for stock’s current value.
ModivCare Inc (MODV) estimates and forecasts
This year revenue growth is estimated to fall -4.58% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 643.78M for the same. And 3 analysts are in estimates of company making revenue of 656.98M in the next quarter. Company posted 684.45M and 698.3M 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 -121.49% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -117.68% while estimates for its earnings growth in next 5 years are of 27.83%.
ModivCare Inc (NASDAQ:MODV)’s Major holders
Insiders are in possession of 16.45% of company’s total shares while institution are holding 107.42 percent of that, with stock having share float percentage of 128.56%. Investors also watch the number of corporate investors in a company very closely, which is 107.42% institutions for ModivCare Inc that are currently holding shares of the company. 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 Dec 31, 2024 , the former fund manager was holding 336.15 shares of worth $0.77 million or 2.34% of the total outstanding shares. The later fund manager was in possession of 290.5 shares on Dec 31, 2024 , making its stake of worth around $0.67 million in the company or a holder of 2.03% of company’s stock.