ModivCare Inc (NASDAQ: MODV) is -66.22% lower on its value in year-to-date trading and has touched a low of $4.15 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 $4.18 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $4.00, the stock is -45.03% and -67.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -4.31% at the moment leaves the stock -79.84% off its SMA200. MODV registered -89.94% loss for a year compared to 6-month loss of -82.47%. The firm has a 50-day simple moving average (SMA 50) of $12.2526 and a 200-day simple moving average (SMA200) of $19.8411.
The stock witnessed a -61.69% gain in the last 1 month and extending the period to 3 months gives it a -74.16%, and is -23.44% 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 9.78% over the week and 16.06% over the month.
ModivCare Inc (MODV) has around 21200 employees, a market worth around $57.18M and $2.79B in sales. Fwd P/E is 2.06. Profit margin for the company is -6.57%. Distance from 52-week low is -3.61% and -92.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.24%).
with sales reaching $703.53M over the same period.The EPS is expected to shrink by -84.78% this year, but quarterly earnings will post 1.35% year-over-year. Quarterly sales are estimated to grow 0.10% in year-over-year returns.
ModivCare Inc (MODV) Top Institutional Holders
148.0 institutions hold shares in ModivCare Inc (MODV), with institutional investors hold 130.53% of the company’s shares. The shares outstanding are 14.30M, and float is at 12.25M with Short Float at 9.43%. Institutions hold 113.02% 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 Coliseum Capital Management, L, the company’s 10% Owner. SEC filings show that Coliseum Capital Management, L bought 720,000 shares of the company’s common stock on Jan 10 ’25 at a price of $7.07 per share for a total of $5.09 million. Following the purchase, the insider now owns 3.7 million shares.
ModivCare Inc disclosed in a document filed with the SEC on Jan 13 ’25 that Coliseum Capital Management, L (10% Owner) bought a total of 452,378 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $6.56 per share for $2.97 million. Following the transaction, the insider now directly holds 4.16 million shares of the MODV stock.
Still, SEC filings show that on Jan 14 ’25, Coliseum Capital Management, L (10% Owner) acquired 330,046 shares at an average price of $5.88 for $1.94 million. The insider now directly holds 4,485,175 shares of ModivCare Inc (MODV).
