ModivCare Inc (NASDAQ: MODV) is -76.77% lower on its value in year-to-date trading and has touched a low of $3.00 and a high of $33.64 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 $3.55 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $2.75, the stock is -41.64% and -57.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -22.54% at the moment leaves the stock -84.25% off its SMA200. MODV registered -91.18% loss for a year compared to 6-month loss of -91.26%.
The stock witnessed a -35.14% gain in the last 1 month and extending the period to 3 months gives it a -84.72%, and is -16.67% 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 26.06% over the week and 16.10% over the month.
ModivCare Inc (MODV) has around 23675 employees, a market worth around $39.44M and $2.79B in sales. Fwd P/E is 3.00. Profit margin for the company is -7.22%. Distance from 52-week low is -8.33% and -91.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.52%).
The EPS is expected to shrink by -102.48% this year.
ModivCare Inc (MODV) Top Institutional Holders
The shares outstanding are 14.32M, and float is at 11.96M with Short Float at 15.19%.
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 20.9802% 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 6.3002% 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 AI Catalyst Fund, LP, the company’s 10% Owner. SEC filings show that AI Catalyst Fund, LP bought 187,500 shares of the company’s common stock on Jan 31 ’25 at a price of $4.03 per share for a total of $0.76 million. Following the purchase, the insider now owns 1.94 million shares.
ModivCare Inc disclosed in a document filed with the SEC on Feb 03 ’25 that AI Catalyst Fund, LP (10% Owner) bought a total of 187,500 shares of the company’s common stock. The trade occurred on Feb 03 ’25 and was made at $3.87 per share for $0.73 million. Following the transaction, the insider now directly holds 2.13 million shares of the MODV stock.
Still, SEC filings show that on Jan 30 ’25, AI Catalyst Fund, LP (10% Owner) acquired 45,000 shares at an average price of $4.35 for $0.2 million. The insider now directly holds 1,755,000 shares of ModivCare Inc (MODV).
