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ModivCare Inc (MODV) Stock Could Soon Reward Patient Investors

ModivCare Inc (NASDAQ: MODV) is -68.15% 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 $12.12 in the last trading session, with the day’s gains setting it 1.89%.

Currently trading at $14.01, the stock is -32.16% and -38.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 15.59% at the moment leaves the stock -52.13% off its SMA200. MODV registered -55.05% loss for a year compared to 6-month gain of -40.26%. The firm has a 50-day simple moving average (SMA 50) of $22.4682 and a 200-day simple moving average (SMA200) of $29.1381.

The stock witnessed a -48.15% loss in the last 1 month and extending the period to 3 months gives it a -46.61%, and is 17.63% up 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 8.83% over the week and 14.13% over the month.

ModivCare Inc (MODV) has around 21200 employees, a market worth around $199.50M and $2.77B in sales. Fwd P/E is 4.00. Profit margin for the company is -5.80%. Distance from 52-week low is 27.36% and -73.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.63%).

with sales reaching $714.92M over the same period.The EPS is expected to shrink by -73.17% 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 5.72%. 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.

ModivCare Inc (MODV) Insider Activity

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