ModivCare Inc (NASDAQ: MODV) has recently experienced extremely important negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
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 contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ModivCare has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 38, and the Neutral Value Trend Rating results.
Recent Price Action
ModivCare Inc (NASDAQ: MODV) stock enjoyed a large increase of 3.1% on 3/8/24. The stock closed at $33.14. However, trading volume in this advance was unusually low at 61% of normal. The stock has been weak relative to the market over the last nine months but has risen 18.2% during the last week.
Be the first to comment