On 4/24/24, ModivCare Inc (NASDAQ: MODV) stock enjoyed a major increase of 10.3%, closing at $24.84. However, trading volume in this advance was normal at 83% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.7% during the last week.
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 (High Neutral). 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 94 but a poor Power Rating of 28, leading to the High Neutral Value Trend Rating.
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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