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NASDAQ:MODV

ModivCare (MODV) Stock Price, News & Analysis

ModivCare logo
$11.13 +0.24 (+2.20%)
(As of 12/20/2024 05:31 PM ET)

About ModivCare Stock (NASDAQ:MODV)

Key Stats

Today's Range
$10.63
$11.66
50-Day Range
$10.89
$18.81
52-Week Range
$10.63
$52.33
Volume
521,656 shs
Average Volume
251,897 shs
Market Capitalization
$158.98 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.25
Consensus Rating
Moderate Buy

Company Overview

ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other. The company offers risk underwriting, contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. It also provides in-home personal care services, such as bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. In addition, the company offers remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado.

ModivCare Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

MODV MarketRank™: 

ModivCare scored higher than 92% of companies evaluated by MarketBeat, and ranked 83rd out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ModivCare has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ModivCare has only been the subject of 1 research reports in the past 90 days.

  • Read more about ModivCare's stock forecast and price target.
  • Earnings Growth

    Earnings for ModivCare are expected to grow by 267.19% in the coming year, from $0.64 to $2.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ModivCare is -0.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ModivCare is -0.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    ModivCare has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    ModivCare has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    3.90% of the float of ModivCare has been sold short.
  • Short Interest Ratio / Days to Cover

    ModivCare has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ModivCare has recently increased by 9.36%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    ModivCare does not currently pay a dividend.

  • Dividend Growth

    ModivCare does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.90% of the float of ModivCare has been sold short.
  • Short Interest Ratio / Days to Cover

    ModivCare has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ModivCare has recently increased by 9.36%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    ModivCare has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for ModivCare this week, compared to 2 articles on an average week.
  • Search Interest

    Only 2 people have searched for MODV on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ModivCare insiders have bought more of their company's stock than they have sold. Specifically, they have bought $4,894,217.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    22.10% of the stock of ModivCare is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Read more about ModivCare's insider trading history.
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MODV Stock News Headlines

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ModivCare: A Complicated Tale
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MODV Stock Analysis - Frequently Asked Questions

ModivCare's stock was trading at $43.99 at the beginning of the year. Since then, MODV stock has decreased by 74.7% and is now trading at $11.13.
View the best growth stocks for 2024 here
.

ModivCare Inc. (NASDAQ:MODV) posted its quarterly earnings data on Wednesday, November, 6th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by $0.04. The firm's revenue was up 2.2% compared to the same quarter last year.

ModivCare's top institutional investors include HG Vora Capital Management LLC (8.40%), State Street Corp (2.45%), Geode Capital Management LLC (1.82%) and K2 Principal Fund L.P. (1.11%). Insiders that own company stock include Coliseum Capital Management, L, Q Global Capital Management, L and L Heath Sampson.
View institutional ownership trends
.

Shares of MODV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ModivCare investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Humana (HUM).

Company Calendar

Last Earnings
11/06/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Transportation services
Sub-Industry
Transportation
Current Symbol
NASDAQ:MODV
Employees
21,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.25
High Stock Price Target
$40.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+144.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-204,460,000.00
Pretax Margin
-6.41%

Debt

Sales & Book Value

Annual Sales
$2.79 billion
Cash Flow
$16.13 per share
Book Value
$11.01 per share

Miscellaneous

Free Float
11,127,000
Market Cap
$158.98 million
Optionable
Optionable
Beta
0.52
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This page (NASDAQ:MODV) was last updated on 12/21/2024 by MarketBeat.com Staff
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