tiprankstipranks
Modivcare Inc. Faces Financial Uncertainty Amid Extended Payor Delays and Liquidity Concerns
Company Announcements

Modivcare Inc. Faces Financial Uncertainty Amid Extended Payor Delays and Liquidity Concerns

Modivcare Inc. (MODV) has disclosed a new risk, in the Accounting & Financial Operations category.

Don't Miss our Black Friday Offers:

Modivcare Inc. faces significant financial challenges due to extended collection periods from Medicare, Medicaid, and other payors, leading to uncertainty in cash flow and compliance with its financial covenants. This precarious situation raises substantial doubt about the company’s ability to meet its obligations within the next year, potentially impacting its stock price, capital raising capabilities, and stakeholder relationships. The company is exploring various measures to improve liquidity and sustain operations, though success is uncertain and may result in stockholder dilution. Failure to secure timely financial resources could severely affect Modivcare’s business and financial condition, posing risks of significant investment loss.

Overall, Wall Street has a Moderate Buy consensus rating on MODV stock based on 2 Buys and 1 Hold.

To learn more about Modivcare Inc.’s risk factors, click here.

Related Articles
TheFlyModivCare management to meet with Barrington
TheFlyModivCare price target raised to $25 from $22 at Barrington
TheFlyModivCare price target lowered to $18 from $26 at Deutsche Bank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App