Positives for ModivCare Inc (MODV) as stock gains in recent trading

ModivCare Inc (NASDAQ: MODV) is -67.90% lower on its value in year-to-date trading and has touched a low of $11.00 and a high of $52.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MODV stock was last observed hovering at around $12.76 in the last trading session, with the day’s gains setting it 1.36%.

Currently trading at $14.12, the stock is -48.69% and -43.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing 10.66% at the moment leaves the stock -53.80% off its SMA200. MODV registered -51.73% loss for a year compared to 6-month loss of -51.87%.

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The stock witnessed a -41.68% gain in the last 1 month and extending the period to 3 months gives it a -46.35%, and is -55.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 31.44% over the week and 11.62% over the month.

ModivCare Inc (MODV) has around 21200 employees, a market worth around $201.07M and $2.77B in sales. Fwd P/E is 3.11. Profit margin for the company is -5.80%. Distance from 52-week low is 28.36% and -73.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.63%).

with sales reaching $715.17M over the same period.The EPS is expected to shrink by -64.69% this year, but quarterly earnings will post 2.50% year-over-year. Quarterly sales are estimated to grow 4.10% in year-over-year returns.

ModivCare Inc (MODV) Top Institutional Holders

167.0 institutions hold shares in ModivCare Inc (MODV), with institutional investors hold 111.40% of the company’s shares. The shares outstanding are 14.20M, and float is at 13.99M with Short Float at 5.02%. Institutions hold 109.88% of the Float.

The top institutional shareholder in the company is COLISEUM CAPITAL MANAGEMENT, LLC with over 2.98 million shares valued at $78.27 million. The investor’s holdings represent 21.0023% of the MODV Shares outstanding. As of 2024-06-30, the second largest holder is NEUBERGER BERMAN GROUP LLC with 1.67 million shares valued at $43.76 million to account for 11.7436 of the shares outstanding. The other top investors are FULLER & THALER ASSET MANAGEMENT, INC. which holds 0.9 million shares representing 6.3068% and valued at over $23.5 million, while MILLENNIUM MANAGEMENT LLC holds 5.9238 of the shares totaling 0.84 million with a market value of $22.08 million.