Recent extremely meaningful negative changes in investment behavior have impacted ModivCare Inc (NASDAQ: MODV): negative upside/downside volume developed, and its shorter term price trend turned down.
ModivCare Inc (NASDAQ: MODV) has recently experienced 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ModivCare has a good Appreciation Score of 78 but a poor Power Rating of 28, triggering the Neutral Value Trend Rating.
Recent Price Action
ModivCare Inc (NASDAQ: MODV) stock closed at $39.01 on 1/12/24 after a decline of -4.4%. NORMAL trading volume accompanied the decline. The stock has declined -2.4% during the last week and has been weak relative to the market over the last nine months.
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