ModivCare Inc (NASDAQ: MODV) stock closed at $14.01 on 9/27/24 after a major increase of 15.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 342% of normal. The stock has risen 10.2% during the last week but has been extremely weak relative to the market over the last nine months.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ModivCare has a very high Appreciation Score of 92 but a very low Power Rating of 1, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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