ModivCare (MODV) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ModivCare in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MODV shares.
View MODV analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12 month target prices for ModivCare's shares. Their MODV share price forecasts range from $50.00 to $95.00. On average, they anticipate the company's stock price to reach $67.67 in the next twelve months. This suggests a possible upside of 149.4% from the stock's current price.
View analysts price targets for MODV or view top-rated stocks among Wall Street analysts.

ModivCare's stock was trading at $89.73 on January 1st, 2023. Since then, MODV stock has decreased by 69.8% and is now trading at $27.13.
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ModivCare saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,050,000 shares, an increase of 34.5% from the August 31st total of 780,400 shares. Based on an average trading volume of 225,500 shares, the short-interest ratio is currently 4.7 days. Approximately 7.5% of the company's stock are sold short.
View ModivCare's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MODV earnings forecast.

ModivCare Inc. (NASDAQ:MODV) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.14. The firm earned $701.74 million during the quarter, compared to analysts' expectations of $650.36 million. ModivCare had a negative net margin of 8.63% and a positive trailing twelve-month return on equity of 29.63%.

ETFs with the largest weight of ModivCare (NASDAQ:MODV) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS) and BNY Mellon Women's Opportunities ETF (BKWO).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

ModivCare issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.75 billion-$2.80 billion, compared to the consensus revenue estimate of $2.62 billion.

ModivCare trades on the NASDAQ under the ticker symbol "MODV."

Shares of MODV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MODV stock can currently be purchased for approximately $27.13.

ModivCare (NASDAQ:MODV) has a market capitalization of $384.70 million and generates $2.51 billion in revenue each year. The company earns $-31,810,000.00 in net income (profit) each year or ($16.27) on an earnings per share basis.

The company employs 20,000 workers across the globe.

ModivCare's mailing address is 1275 Peachtree Street Sixth Floor, Atlanta GA, 30309. The official website for the company is www.modivcare.com. The company can be reached via phone at (303) 728-7030, via email at kahl@equityny.com, or via fax at 203-307-2799.