ModivCare Inc (NASDAQ: MODV) suffers from extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Recent meaningful negative changes in fundamentals have impacted ModivCare Inc (NASDAQ: MODV): 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 B. 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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ModivCare has a very high Appreciation Score of 89 but a neutral Power Rating of 48, producing the Positive Value Trend Rating.
Recent Price Action
On 2/26/24, ModivCare Inc (NASDAQ: MODV) stock declined by -4.3%, closing at $25.48. Moreover, exceptionally high trading volume at 535% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -50.0% during the last week.
Be the first to comment