ModivCare Inc (NASDAQ: MODV) stock enjoyed a major increase of 22.8% on 5/3/24. The shares closed at $27.00. Moreover, exceptionally high trading volume at 269% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 12.8% during the last week.
Current PriceTarget Research Rating
MODV’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ModivCare has a current Value Trend Rating of C (High 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 90 but a poor Power Rating of 25, 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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