ModivCare Inc (NASDAQ: MODV) is -83.78% lower on its value in year-to-date trading and has touched a low of $0.87 and a high of $32.82 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 $2.20 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $1.92, the stock is 63.89% and 51.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.8 million and changing -12.73% at the moment leaves the stock -81.37% off its SMA200. MODV registered -93.23% loss for a year compared to 6-month loss of -89.30%. The firm has a 50-day simple moving average (SMA 50) of $1.2666 and a 200-day simple moving average (SMA200) of $10.30785.
The stock witnessed a 31.51% gain in the last 1 month and extending the period to 3 months gives it a -38.66%, and is 106.45% 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 40.78% over the week and 19.49% over the month.
ModivCare Inc (MODV) has around 23675 employees, a market worth around $27.56M and $2.75B in sales. Profit margin for the company is -8.33%. Distance from 52-week low is 121.63% and -94.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.88%).
The EPS is expected to shrink by -522.42% this year.
ModivCare Inc (MODV) Top Institutional Holders
127.0 institutions hold shares in ModivCare Inc (MODV), with institutional investors hold 116.14% of the company’s shares. The shares outstanding are 14.35M, and float is at 11.98M with Short Float at 20.82%. Institutions hold 97.06% 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 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 11.7313 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 5.9175 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’s10% 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).
