ModivCare Inc (NASDAQ: MODV) is -74.11% lower on its value in year-to-date trading and has touched a low of $10.63 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 $11.20 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $11.39, the stock is -29.25% and -29.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing 1.70% at the moment leaves the stock -48.03% off its SMA200. MODV registered -74.05% loss for a year compared to 6-month loss of -54.49%. The firm has a 50-day simple moving average (SMA 50) of $16.2066 and a 200-day simple moving average (SMA200) of $22.0167.
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The stock witnessed a -35.98% gain in the last 1 month and extending the period to 3 months gives it a -2.32%, and is -19.19% 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 10.01% over the week and 6.91% over the month.
ModivCare Inc (MODV) has around 21200 employees, a market worth around $165.45M and $2.79B in sales. Fwd P/E is 4.69. Profit margin for the company is -6.57%. Distance from 52-week low is 7.15% and -78.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.24%).
with sales reaching $718.19M over the same period.The EPS is expected to shrink by -81.62% this year, but quarterly earnings will post 1.88% year-over-year. Quarterly sales are estimated to grow 2.19% in year-over-year returns.
ModivCare Inc (MODV) Top Institutional Holders
151.0 institutions hold shares in ModivCare Inc (MODV), with institutional investors hold 117.79% of the company’s shares. The shares outstanding are 14.30M, and float is at 13.96M with Short Float at 3.90%. Institutions hold 116.11% 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
The most recent transaction is an insider purchase by Q Global Capital Management, L, the company’s 10% Owner. SEC filings show that Q Global Capital Management, L bought 32,903 shares of the company’s common stock on Dec 05 ’24 at a price of $17.57 per share for a total of $0.58 million. Following the purchase, the insider now owns 1.96 million shares.
ModivCare Inc disclosed in a document filed with the SEC on Dec 06 ’24 that Q Global Capital Management, L (10% Owner) bought a total of 9,210 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $17.73 per share for $0.16 million. Following the transaction, the insider now directly holds 1.97 million shares of the MODV stock.
Still, SEC filings show that on Dec 04 ’24, Q Global Capital Management, L (10% Owner) acquired 3,352 shares at an average price of $17.74 for $59464.0. The insider now directly holds 1,924,985 shares of ModivCare Inc (MODV).
