ModivCare Inc (NASDAQ: MODV) stock closed at $15.55 on 11/8/24 after a major decline of -13.6%. However, below average trading volume at 73% of normal accompanied the decline. The stock has declined -3.8% 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). 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 88 but a very low Power Rating of 1, triggering 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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