The latest announcement is out from ModivCare ( (MODV) ).
On April 25, 2025, Modivcare announced the appointment of Daniel Silvers to its board of directors, effective April 24, 2025, completing its plan to add three new independent directors. Mr. Silvers brings extensive experience in corporate finance and governance, which is expected to enhance Modivcare’s operational and financial strength. Concurrently, Craig Barbarosh, David Coulter, and Richard Kerley resigned from the board, with Coulter continuing as a board observer and Alexander Matina joining as a board observer.
Spark’s Take on MODV Stock
According to Spark, TipRanks’ AI Analyst, MODV is a Underperform.
ModivCare’s overall stock score reflects significant financial instability and weak technical indicators. The company is facing operational challenges and high leverage, which are major concerns. While strategic initiatives from the earnings call offer some hope, the overall risks from financial performance and valuation remain high.
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 aimed at addressing social determinants of health. The company’s services include non-emergency medical transportation, personal care services, and in-home monitoring solutions, helping health plans manage risks, reduce costs, and improve health outcomes.
YTD Price Performance: -87.56%
Average Trading Volume: 553,869
Technical Sentiment Signal: Strong Buy
Current Market Cap: $22.08M
Find detailed analytics on MODV stock on TipRanks’ Stock Analysis page.