ModivCare Inc Stock Price Up 11.3 percent on Dec 31
| MODV Stock | USD 4.61 0.38 7.62% |
Slightly above 67% of ModivCare's investor base is looking to short. The analysis of overall sentiment of trading ModivCare stock suggests that many investors are alarmed at this time. ModivCare's investing sentiment can be driven by a variety of factors including economic data, ModivCare's earnings reports, geopolitical events, and overall market trends.
ModivCare |
Shares of ModivCare Inc surged 11.30 percent in mid-day trading on Dec 31. The stock reached an intraday high of 11.64, before settling at 11.62, up from
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ModivCare Fundamental Analysis
We analyze ModivCare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ModivCare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ModivCare based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Earnings Per Share
Earnings Per Share Comparative Analysis
ModivCare is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
ModivCare Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ModivCare stock to make a market-neutral strategy. Peer analysis of ModivCare could also be used in its relative valuation, which is a method of valuing ModivCare by comparing valuation metrics with similar companies.
Peers
ModivCare Related Equities
| CCM | Concord Medical | 26.27 | ||||
| SGRY | Surgery Partners | 21.18 | ||||
| INNV | InnovAge Holding | 5.90 | ||||
| EHAB | Enhabit | 3.69 | ||||
| EHC | Encompass Health | 2.97 | ||||
| ENSG | Ensign | 1.58 | ||||
| MD | Mednax | 1.55 | ||||
| SEM | Select Medical | 1.17 | ||||
| NHC | National HealthCare | 1.09 | ||||
| PNTG | Pennant | 0.11 | ||||
| HCSG | Healthcare Services | 1.50 |
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.