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ModivCare ( (MODV) ) has shared an announcement.
On May 5, 2025, Modivcare received a notification from Nasdaq regarding its market value of publicly held shares falling below the required threshold for continued listing. The company has until November 1, 2025, to regain compliance, with potential consequences including delisting or transferring to the Nasdaq Capital Market if compliance is not achieved. In its first quarter of 2025, Modivcare reported a service revenue decline to $650.7 million, a net loss of $50.4 million, and efforts to reduce costs and improve working capital efficiency. The company executed $105 million in new financing to support its transformation efforts and aims to generate over $20 million in annualized G&A savings.
Spark’s Take on MODV Stock
According to Spark, TipRanks’ AI Analyst, MODV is a Underperform.
ModivCare’s stock score reflects significant financial instability and operational challenges, with a negative financial outlook. Technical indicators suggest potential short-term recovery, but poor valuation metrics and mixed earnings call insights indicate ongoing risks. Strategic improvements are necessary for a more favorable outlook.
To see Spark’s full report on MODV stock, click here.
More about ModivCare
Modivcare Inc. is a technology-enabled healthcare services company that provides integrated supportive care solutions for public and private payors and their members. The company’s services include non-emergency medical transportation (NEMT), personal care services (PCS), and in-home monitoring solutions, aimed at addressing social determinants of health and improving health outcomes.
Average Trading Volume: 481,284
Technical Sentiment Signal: Strong Sell
Current Market Cap: $20.36M
See more data about MODV stock on TipRanks’ Stock Analysis page.