On 9/12/24, ModivCare Inc (NASDAQ: MODV) stock suffered a major decline of -59.1%, closing at $12.76. Moreover, trading volume in this decline was exceptionally high at 1789% of normal. The stock has declined -59.5% 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 rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ModivCare has a good Appreciation Score of 76 but a very low Power Rating of 4, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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