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ModivCare (MODV)
NASDAQ:MODV
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MODV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.00 - $52.33
Previous Close$13.5
Volume457.88K
Average Volume (3M)242.55K
Market Cap
$192.24M
Enterprise Value$1.39B
Total Cash (Recent Filing)$10.50M
Total Debt (Recent Filing)$1.21B
Price to Earnings (P/E)―
Beta0.17
Next Earnings
Oct 31, 2024EPS Estimate
$0.62Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-11.31
Shares Outstanding14,240,177
10 Day Avg. Volume802,398
30 Day Avg. Volume242,549
Standard Deviation0.15
R-Squared0.03
Alpha-0.00632
Financial Highlights & Ratios
Price to Book (P/B)20.15
Price to Sales (P/S)0.07
Price to Cash Flow (P/CF)-0.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.67
Enterprise Value/Gross Profit3.12
Enterprise Value/Ebitda-268.18
Forecast
1Y Price Target
$22.25Price Target Upside75.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
ModivCare News
Bulls Say, Bears Say
Bulls Say
Debt RefinancingModivcare announced the successful refinancing of all outstanding $500M aggregate principal amount of its 5.875% Senior Notes due 2025 with a new $525M term loan B.
Financial StabilityModivCare stated that it does not plan to issue equity at this time and is focused on seeking near-term covenant relief under its revolving credit facility.
Revenue GrowthA recent material rate increase in New Jersey after already securing better rates in New York earlier this year will help accelerate performance.
Bears Say
Earnings PerformanceAdjusted EPS of -$0.03 was well short of the $0.33 estimate, indicating underperformance.
Receivables CollectionModivCare announced delays in collecting outstanding receivables from key payor customers, which could lead to a violation of debt covenants.
Stock PerformanceShares declined approximately 60% due to disappointing news about receivables’ shortfall, leading to intense speculation about the need to issue equity.
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Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
MODV FAQ
What was ModivCare’s price range in the past 12 months?
ModivCare lowest stock price was $11.00 and its highest was $52.33 in the past 12 months.
What is ModivCare’s market cap?
Currently, no data Available
When is ModivCare’s upcoming earnings report date?
ModivCare’s upcoming earnings report date is Oct 31, 2024 which is in 41 days.
How were ModivCare’s earnings last quarter?
ModivCare released its earnings results on Aug 07, 2024. The company reported -$0.03 earnings per share for the quarter, missing the consensus estimate of $0.765 by -$0.795.
Is ModivCare overvalued?
According to Wall Street analysts ModivCare’s price is currently Undervalued.
Does ModivCare pay dividends?
ModivCare does not currently pay dividends.
What is ModivCare’s EPS estimate?
ModivCare’s EPS estimate is $0.62.
How many shares outstanding does ModivCare have?
ModivCare has 14,240,177 shares outstanding.
What happened to ModivCare’s price movement after its last earnings report?
ModivCare reported an EPS of -$0.03 in its last earnings report, missing expectations of $0.765. Following the earnings report the stock price went up 18.574%.
Which hedge fund is a major shareholder of ModivCare?
Among the largest hedge funds holding ModivCare’s share is Saba Capital Management. It holds ModivCare’s shares valued at 4M.
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ModivCare Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$22.25 (75.06% Upside)
$22.25 (75.06% Upside)
Hedge Fund Trend
Increased
By 81.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-61.41%
12-Months-Change
Fundamentals
Return on Equity
-188.05%
Trailing 12-Months
Asset Growth
-6.10%
Trailing 12-Months
Company Description
ModivCare
Providence Service Corp. engages in the provision of home and community-based social services and non-emergency transportation services. It operates through the following business segments: Non-Emergency Transportation (NET) Services, Matrix Investment, and Corporate and Other. The NET Services segment operates under the brands LogistiCare and Circulation, which offers non-emergency medical transportation service for state governments and managed care organizations. The Matrix Investment segment provides home and mobile-based healthcare services for health plans. The Corporate and Other segment consists of executive, accounting, finance, internal audit, tax, legal, public reporting, certain strategic and corporate development functions and the results of its captive insurance company. The company was founded by Fletcher Jay McCusker in December 1996 and is headquartered in Stamford, CT.
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MODV Company Deck
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MODV Earnings Call
Q2 2024
0:00 / 0:00
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MODV Stock 12 Month Forecast
Average Price Target
$22.25
▲(75.06% Upside)
Technical Analysis
Best Analysts Covering MODV
1 Year
1 Year Success Rate
10/28 ratings generated profit
1 Year Average Return
-7.94%
reiterated a buy rating 3 days ago
Copying Michael Petusky's trades and holding each position for 1 Year would result in 35.71% of your transactions generating a profit, with an average return of -7.94% per trade.
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