Stock Rating Downgrade
The Value Trend Rating for ModivCare Inc (NASDAQ: MODV) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
ModivCare Inc (NASDAQ: MODV) stock closed at $16.27 on 11/15/24 after an increase of 1.3%. However, exceptionally low trading volume at 40% of normal accompanied the advance. The stock has declined -9.6% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ModivCare has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ModivCare has a good Appreciation Score of 78 but a very low Power Rating of 2, and the Negative Value Trend Rating results.
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