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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$17.26
Volume199.25K
Average Volume (3M)308.34K
Market Cap
$267.82M
Enterprise Value$1.46B
Total Cash (Recent Filing)$48.34M
Total Debt (Recent Filing)$1.26B
Price to Earnings (P/E)―
Beta-0.28
Next Earnings
Feb 21, 2025EPS Estimate
$0.69Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-12.87
Shares Outstanding14,283,664
10 Day Avg. Volume161,183
30 Day Avg. Volume308,341
Standard Deviation0.17
R-Squared0.03
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-14.97
Price to Sales (P/S)0.09
Price to Cash Flow (P/CF)6.70
P/FCF Ratio39.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.70
Enterprise Value/Gross Profit3.27
Enterprise Value/Ebitda48.84
Forecast
1Y Price Target
$24.33Price Target Upside36.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
ModivCare News
PremiumCompany Announcements
Modivcare Inc. Reports Q3 2024 Financial Results
Bulls Say, Bears Say
Bulls Say
Contract RenewalsManagement expects to retain most of their $600MM in upcoming state NEMT contract renewals, while expecting to add additional business.
Monetization StrategyThe company plans to monetize its Matrix Medical investment at a considerably higher valuation than the current book value.
ValuationManagement suggested that ModivCare should be valued based on a sum-of-the-parts analysis, which could yield a valuation of $50 per share, a significant premium to the current price.
Bears Say
Debt And Cash Flow IssuesModivCare is likely to experience negative cash flows and has a net leverage ratio of 5.6x, raising concerns about its ability to manage its debt effectively.
Receivables And Debt CovenantsDelays in collecting outstanding receivables from large payor customers may lead ModivCare to violate its debt covenants, potentially necessitating the issuance of equity that could dilute existing investors.
Revenue ShortfallModivCare generated $702.0 million in service revenue, which was below the consensus estimate of $714.9 million, indicating weaker-than-expected financial performance.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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 Feb 21, 2025 which is in 69 days.
How were ModivCare’s earnings last quarter?
ModivCare released its earnings results on Nov 06, 2024. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.616 by -$0.166.
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 $0.69.
How many shares outstanding does ModivCare have?
ModivCare has 14,283,664 shares outstanding.
What happened to ModivCare’s price movement after its last earnings report?
ModivCare reported an EPS of $0.45 in its last earnings report, missing expectations of $0.616. Following the earnings report the stock price went up 6.195%.
Which hedge fund is a major shareholder of ModivCare?
Among the largest hedge funds holding ModivCare’s share is HG Vora Capital Management, LLC. It holds ModivCare’s shares valued at 17M.
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ModivCare Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$24.33 (36.53% Upside)
$24.33 (36.53% Upside)
Hedge Fund Trend
Increased
By 1.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $8.7M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-56.68%
12-Months-Change
Fundamentals
Return on Equity
-258.05%
Trailing 12-Months
Asset Growth
-6.31%
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
Q3 2024
0:00 / 0:00
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MODV Stock 12 Month Forecast
Average Price Target
$24.33
▲(36.53% Upside)
Technical Analysis
Best Analysts Covering MODV
1 Year
1 Year Success Rate
12/30 ratings generated profit
1 Year Average Return
-4.47%
reiterated a buy rating 26 days ago
Copying Michael Petusky's trades and holding each position for 1 Year would result in 40.00% of your transactions generating a profit, with an average return of -4.47% per trade.
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