During the last session, ModivCare Inc (NASDAQ:MODV)’s traded shares were 0.4 million, with the beta value of the company hitting 0.80. At the end of the trading day, the stock’s price was $1.39, reflecting an intraday loss of -12.81% or -$0.21. The 52-week high for the MODV share is $32.82, that puts it down -2261.15 from that peak though still a striking -15.11% loss since the share price plummeted to a 52-week low of $1.60. The company’s market capitalization is $20.00M, and the average intraday trading volume over the past 10 days was 0.47 million shares, and the average trade volume was 629.29K 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 -0.4.
ModivCare Inc (NASDAQ:MODV) trade information
ModivCare Inc (MODV) registered a -12.81% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -12.81% in intraday trading to $1.39, hitting a weekly high. The stock’s 5-day price performance is -34.20%, and it has moved by -65.34% in 30 days. Based on these gigs, the overall price performance for the year is -94.18%. The short interest in ModivCare Inc (NASDAQ:MODV) is 2.26 million shares and it means that shorts have 4.68 day(s) to cover.
The consensus price target of analysts on Wall Street is $11.5, which implies an increase of 87.91% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $17 respectively. As a result, MODV is trading at a discount of -1123.02% off the target high and -331.65% off the low.
ModivCare Inc (MODV) estimates and forecasts
In the rating firms’ projections, revenue will decrease -4.83% 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 644.34M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 655.95M 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 shrink by -5.86% and then drop by -6.07% 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 -121.49%. While earnings are projected to return -128.54% in 2025, the next five years will return 46.51% per annum.
MODV Dividends
ModivCare Inc is due to release its next quarterly earnings on 2025-Mar-05. 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
ModivCare Inc insiders own 16.45% of total outstanding shares while institutional holders control 107.29%, with the float percentage being 128.41%. COLISEUM CAPITAL MANAGEMENT, LLC is the largest shareholder of the company, while 140.0 institutions own stock in it. As of 2024-06-30, the company held over 2.98 million shares (or 20.9802% of all shares), a total value of $78.27 million in shares.
The next largest institutional holding, with 1.67 million shares, is of NEUBERGER BERMAN GROUP LLC’s that is approximately 11.7313% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 336.15 shares. This amounts to just over 2.34 percent of the company’s overall shares, with a $0.47 million market value. The same data shows that the other fund manager holds slightly less at 276.16, or about 1.93% of the stock, which is worth about $0.39 million.
