ModivCare Inc (NASDAQ: MODV). Extremely important negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
ModivCare Inc (NASDAQ: MODV). Small negative changes in fundamentals have recently occurred: significant quarterly sales 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
MODV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
ModivCare has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ModivCare has a very high Appreciation Score of 95 but a very low Power Rating of 1, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 9/16/24, ModivCare Inc (NASDAQ: MODV) stock suffered a large decline of -9.9%, closing at $12.72. Moreover, trading volume in this decline was exceptionally high at 308% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -60.2% during the last week.
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