In Tuesday’s Wall Street session, ModivCare Inc (NASDAQ:MODV) shares traded at $1.92, down -12.73% from the previous session.
MODV stock price is now 51.65% away from the 50-day moving average and -81.37% away from the 200-day moving average. The market capitalization of the company currently stands at $27.56M.
With the price target maintained at $35, Barrington Research recently Upgraded its rating from Mkt Perform to Outperform for ModivCare Inc (NASDAQ: MODV). On May 06, 2024, Lake Street Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $50, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, AI Catalyst Fund, LP, 10% Owner bought 187,500 shares of the company’s stock on Jan 31 ’25. The stock was bought for $755,625 at an average price of $4.03. Upon completion of the transaction, the 10% Owner now directly owns 1,942,500 shares in the company, valued at $3.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, 10% Owner AI Catalyst Fund, LP bought 187,500 shares of the business’s stock. A total of $725,625 was incurred on buying the stock at an average price of $3.87. This leaves the insider owning 2,130,000 shares of the company worth $4.09 million. A total of 16.55% of the company’s stock is owned by insiders.
During the past 12 months, ModivCare Inc has had a low of $0.87 and a high of $32.82.
The net profit margin was -8.33% and return on equity was -951.52% for MODV. The company reported revenue of $650.65 million for the quarter, compared to $684.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.94 percent.
