Recent exceptional negative changes in investment behavior have affected ModivCare Inc (NASDAQ: MODV): negative upside/downside volume developed, and its shorter term price trend turned down.
ModivCare Inc (NASDAQ: MODV) suffers from notable negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MODV is expected to continue to be a major Value Builder.
ModivCare has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ModivCare has a good Appreciation Score of 76 but a poor Power Rating of 26, and the Neutral Value Trend Rating results.
Recent Price Action
ModivCare Inc (NASDAQ: MODV) stock rose modestly by 0.7% on 1/11/24. The stock closed at $40.81. However, trading volume in this advance was below average at 78% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 0.5% during the last week.
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