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ModivCare ( (MODV) ) has issued an update.
On August 20, 2025, Modivcare Inc. announced it has filed for voluntary Chapter 11 protection to implement a comprehensive restructuring plan with the support of a supermajority of its key stakeholders. The restructuring aims to reduce the company’s total funded debt by approximately $1.1 billion and inject $100 million in debtor-in-possession financing to support ongoing operations. This move is intended to strengthen Modivcare’s financial foundation, allowing it to continue providing uninterrupted services and positioning it for future growth. The company expects to exit the restructuring process by early fourth quarter of 2025, with no anticipated impact on its operations or service lines.
The most recent analyst rating on (MODV) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on ModivCare stock, see the MODV Stock Forecast page.
Spark’s Take on MODV Stock
According to Spark, TipRanks’ AI Analyst, MODV is a Neutral.
ModivCare’s overall stock score reflects significant financial and technical challenges. The negative financial performance and valuation metrics weigh heavily, despite positive strategic initiatives and recent Nasdaq compliance. The stock’s technical indicators suggest bearish momentum, further impacting the score.
To see Spark’s full report on MODV stock, click here.
More about ModivCare
Modivcare Inc. is a technology-enabled healthcare services company that offers a suite of integrated supportive care solutions for public and private payors and their members. The company’s services include non-emergency medical transportation, personal care services, and remote patient monitoring solutions, focusing on improving health outcomes by addressing social determinants of health.
Average Trading Volume: 4,848,817
Technical Sentiment Signal: Strong Sell
Current Market Cap: $30.29M
For detailed information about MODV stock, go to TipRanks’ Stock Analysis page.