Currently, there are 14.30M common shares owned by the public and among those 13.95M shares have been available to trade.
The company’s stock has a 5-day price change of -1.07% and -62.31% over the past three months. MODV shares are trading -45.19% year to date (YTD), with the 12-month market performance down to -83.35% lower. It has a 12-month low price of $5.55 and touched a high of $52.33 over the same period. MODV has an average intraday trading volume of 328.67K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -35.71%, -54.75%, and -68.59% respectively.
Institutional ownership of ModivCare Inc (NASDAQ: MODV) shares accounts for 107.32% of the company’s 14.30M shares outstanding.
It has a market capitalization of $92.70M and a beta (3y monthly) value of 0.63. The earnings-per-share (ttm) stands at -$12.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 18.72% over the week and 16.09% over the month.
Earnings per share for the fiscal year are expected to decrease by -82.43%, and 142.51% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -49.24% over the past 5-year period.
Looking at the support for the MODV, a number of firms have released research notes about the stock. Barrington Research stated their Outperform rating for the stock in a research note on August 09, 2024, with the firm’s price target at $35. Lake Street coverage for the ModivCare Inc (MODV) stock in a research note released on May 06, 2024 offered a Buy rating with a price target of $50. Jefferies was of a view on February 23, 2024 that the stock is Hold, while Deutsche Bank gave the stock Hold rating on February 23, 2024, issuing a price target of $60- $40. Stephens on their part issued Overweight rating on August 03, 2022.
