Is ModivCare Stock a Good Investment?
ModivCare Investment Advice | MODV |
- Examine ModivCare's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research ModivCare's leadership team and their track record. Good management can help ModivCare navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Providers & Services space and any emerging trends that could impact ModivCare's business and its evolving consumer preferences.
- Compare ModivCare's performance and market position to its competitors. Analyze how ModivCare is positioned in terms of product offerings, innovation, and market share.
- Check if ModivCare pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about ModivCare's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in ModivCare stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if ModivCare is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine ModivCare Stock
Researching ModivCare's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 16.0% of the company outstanding shares are owned by corporate insiders. The company has Price/Earnings To Growth (PEG) ratio of 0.48. ModivCare recorded a loss per share of 14.14. The entity had not issued any dividends in recent years. The firm had 1:3 split on the 1st of February 2021.
To determine if ModivCare is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding ModivCare's research are outlined below:
| ModivCare generated a negative expected return over the last 90 days | |
| ModivCare has high historical volatility and very poor performance | |
| ModivCare has high likelihood to experience some financial distress in the next 2 years | |
| ModivCare currently holds 315.77 M in liabilities with Debt to Equity (D/E) ratio of 2.88, implying the company greatly relies on financing operations through barrowing. ModivCare has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about ModivCare's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 2.79 B. Net Loss for the year was (201.28 M) with profit before overhead, payroll, taxes, and interest of 420.37 M. | |
| ModivCare currently holds about 72.7 M in cash with (6.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.14, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| ModivCare has a frail financial position based on the latest SEC disclosures | |
| Over 84.0% of ModivCare shares are owned by institutional investors | |
| Latest headline from globenewswire.com: MODV LAWSUIT ALERT The Gross Law Firm Notifies ModivCare Inc. Investors of a Class Action Lawsuit and Upcoming Deadline |
ModivCare Quarterly Liabilities And Stockholders Equity |
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ModivCare uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in ModivCare. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to ModivCare's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact ModivCare's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises ModivCare's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2004-11-08 | 2004-09-30 | 0.2 | 0.22 | 0.02 | 10 | ||
2014-03-12 | 2013-12-31 | 0.34 | 0.3 | -0.04 | 11 | ||
2012-03-14 | 2011-12-31 | 0.23 | 0.27 | 0.04 | 17 | ||
2010-11-03 | 2010-09-30 | 0.17 | 0.22 | 0.05 | 29 | ||
2003-11-10 | 2003-09-30 | 0.11 | 0.16 | 0.05 | 45 | ||
2012-08-08 | 2012-06-30 | 0.17 | 0.11 | -0.06 | 35 | ||
2011-11-02 | 2011-09-30 | 0.21 | 0.15 | -0.06 | 28 | ||
2010-03-10 | 2009-12-31 | 0.36 | 0.42 | 0.06 | 16 |
ModivCare Target Price Consensus
ModivCare target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. ModivCare's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 6 | Buy |
Most ModivCare analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand ModivCare stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of ModivCare, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationModivCare Target Price Projection
ModivCare's current and average target prices are 2.51 and 25.67, respectively. The current price of ModivCare is the price at which ModivCare is currently trading. On the other hand, ModivCare's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On ModivCare Target Price
ModivCare Analyst Ratings
ModivCare's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about ModivCare stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of ModivCare's financials, market performance, and future outlook by experienced professionals. ModivCare's historical ratings below, therefore, can serve as a valuable tool for investors.Know ModivCare's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as ModivCare is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ModivCare backward and forwards among themselves. ModivCare's institutional investor refers to the entity that pools money to purchase ModivCare's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-12-31 | 262.9 K | Dimensional Fund Advisors, Inc. | 2024-12-31 | 254.5 K | Renaissance Technologies Corp | 2024-12-31 | 191.5 K | Goldman Sachs Group Inc | 2024-12-31 | 163.1 K | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 153.1 K | Bank Of America Corp | 2024-12-31 | 148 K | Franklin Resources Inc | 2024-12-31 | 130.4 K | Northern Trust Corp | 2024-12-31 | 116.9 K | Charles Schwab Investment Management Inc | 2024-12-31 | 112 K | Coliseum Capital Management Llc | 2024-12-31 | 3 M | Neuberger Berman Group Llc | 2024-12-31 | 2.1 M |
ModivCare's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 37.57 M.Market Cap |
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ModivCare's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.21) | (0.20) | |
| Return On Capital Employed | (0.09) | (0.09) | |
| Return On Assets | (0.12) | (0.12) | |
| Return On Equity | 5.23 | 5.49 |
Determining ModivCare's profitability involves analyzing its financial statements and using various financial metrics to determine if ModivCare is a good buy. For example, gross profit margin measures ModivCare's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of ModivCare's profitability and make more informed investment decisions.
ModivCare's Earnings Breakdown by Geography
Please note, the imprecision that can be found in ModivCare's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ModivCare. Check ModivCare's Beneish M Score to see the likelihood of ModivCare's management manipulating its earnings.
Evaluate ModivCare's management efficiency
Return On Equity is likely to climb to 5.49 in 2025, despite the fact that Return On Tangible Assets are likely to grow to (0.20). At this time, ModivCare's Total Assets are fairly stable compared to the past year. Other Assets is likely to climb to about 51.9 M in 2025, whereas Intangible Assets are likely to drop slightly above 12.6 M in 2025. ModivCare's management efficiency ratios could be used to measure how well ModivCare manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (2.70) | (2.57) | |
| Tangible Book Value Per Share | (51.41) | (48.84) | |
| Enterprise Value Over EBITDA | 76.17 | 85.36 | |
| Price Book Value Ratio | (4.38) | (4.16) | |
| Enterprise Value Multiple | 76.17 | 85.36 | |
| Price Fair Value | (4.38) | (4.16) | |
| Enterprise Value | 371.8 M | 607.3 M |
Management at ModivCare focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Beta 0.607 |
Basic technical analysis of ModivCare Stock
As of the 20th of March, ModivCare secures the Standard Deviation of 10.36, risk adjusted performance of (0.19), and Mean Deviation of 7.19. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of ModivCare, as well as the relationship between them. Please verify ModivCare mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if ModivCare is priced some-what accurately, providing market reflects its recent price of 2.51 per share. Please also check out ModivCare jensen alpha, which is currently at (2.15) to check the company can sustain itself at a future point.ModivCare's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific ModivCare insiders, such as employees or executives, is commonly permitted as long as it does not rely on ModivCare's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases ModivCare insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
ModivCare's Outstanding Corporate Bonds
ModivCare issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. ModivCare uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ModivCare bonds can be classified according to their maturity, which is the date when ModivCare has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US60783XAA28 Corp BondUS60783XAA28 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand ModivCare's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing ModivCare's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.19) | |||
| Market Risk Adjusted Performance | (1.11) | |||
| Mean Deviation | 7.19 | |||
| Coefficient Of Variation | (442.58) | |||
| Standard Deviation | 10.36 | |||
| Variance | 107.26 | |||
| Information Ratio | (0.22) | |||
| Jensen Alpha | (2.15) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | (1.12) | |||
| Maximum Drawdown | 60.89 | |||
| Value At Risk | (16.45) | |||
| Potential Upside | 13.42 | |||
| Skewness | (0.83) | |||
| Kurtosis | 5.21 |
| Risk Adjusted Performance | (0.19) | |||
| Market Risk Adjusted Performance | (1.11) | |||
| Mean Deviation | 7.19 | |||
| Coefficient Of Variation | (442.58) | |||
| Standard Deviation | 10.36 | |||
| Variance | 107.26 | |||
| Information Ratio | (0.22) | |||
| Jensen Alpha | (2.15) | |||
| Total Risk Alpha | (1.21) | |||
| Treynor Ratio | (1.12) | |||
| Maximum Drawdown | 60.89 | |||
| Value At Risk | (16.45) | |||
| Potential Upside | 13.42 | |||
| Skewness | (0.83) | |||
| Kurtosis | 5.21 |
Consider ModivCare's intraday indicators
ModivCare intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ModivCare stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 22400.79 | |||
| Daily Balance Of Power | (0.48) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 2.55 | |||
| Day Typical Price | 2.54 | |||
| Price Action Indicator | (0.10) | |||
| Period Momentum Indicator | (0.11) | |||
| Relative Strength Index | 29.44 |
ModivCare Corporate Filings
F3 | 17th of March 2025 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 14th of March 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 7th of March 2025 Other Reports | ViewVerify | |
| 3rd of February 2025 Other Reports | ViewVerify |
ModivCare Stock media impact
Far too much social signal, news, headlines, and media speculation about ModivCare that are available to investors today. That information is available publicly through ModivCare media outlets and privately through word of mouth or via ModivCare internal channels. However, regardless of the origin, that massive amount of ModivCare data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of ModivCare news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of ModivCare relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to ModivCare's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive ModivCare alpha.
ModivCare Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards ModivCare can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ModivCare Historical Investor Sentiment
Investor biases related to ModivCare's public news can be used to forecast risks associated with an investment in ModivCare. The trend in average sentiment can be used to explain how an investor holding ModivCare can time the market purely based on public headlines and social activities around ModivCare. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ModivCare's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ModivCare and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average ModivCare news discussions. The higher the estimate score, the more favorable the investor's outlook on ModivCare.
ModivCare Corporate Management
| Jack Sawyer | Chief Ingeus | Profile | |
| Mia Haney | Chief Segment | Profile | |
| CFA CFA | Associate Relations | Profile | |
| Jessica Kral | Chief Officer | Profile | |
| Robert Pittman | Senior Affairs | Profile | |
| Chris Heine | Senior NEMT | Profile | |
| Kenneth Shepard | Chief Mobility | Profile |
Additional Tools for ModivCare Stock Analysis
When running ModivCare's price analysis, check to measure ModivCare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.