Stock Rating Upgrade
In the last week the Value Trend Rating for ModivCare Inc (NASDAQ: MODV) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
ModivCare Inc (NASDAQ: MODV) stock closed at $14.41 on 10/25/24 after a modest gain of 0.4%. However, exceptionally low trading volume at 28% of normal accompanied the advance. The stock has declined -10.5% during the last week and 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 VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ModivCare has a very high Appreciation Score of 88 but a very low Power Rating of 0, with the Low Neutral Value Trend Rating the result.
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