Is ModivCare Stock a Good Investment?
ModivCare Investment Advice | MODV |
- Examine ModivCare's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research ModivCare's leadership team and their track record. Good management can help ModivCare navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Providers & Services space and any emerging trends that could impact ModivCare's business and its evolving consumer preferences.
- Compare ModivCare's performance and market position to its competitors. Analyze how ModivCare is positioned in terms of product offerings, innovation, and market share.
- Check if ModivCare pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about ModivCare's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in ModivCare stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if ModivCare is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine ModivCare Stock
Researching ModivCare's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.13. ModivCare recorded a loss per share of 12.87. The entity had not issued any dividends in recent years. The firm had 1:3 split on the 1st of February 2021.
To determine if ModivCare is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding ModivCare's research are outlined below:
| ModivCare generated a negative expected return over the last 90 days | |
| ModivCare has high historical volatility and very poor performance | |
| ModivCare has high likelihood to experience some financial distress in the next 2 years | |
| ModivCare currently holds 1.14 B in liabilities with Debt to Equity (D/E) ratio of 2.88, implying the company greatly relies on financing operations through barrowing. ModivCare has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about ModivCare's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 2.75 B. Net Loss for the year was (204.46 M) with profit before overhead, payroll, taxes, and interest of 472.32 M. | |
| ModivCare currently holds about 72.7 M in cash with (82.97 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.14. | |
| Over 99.0% of ModivCare shares are owned by institutional investors | |
| Latest headline from patch.com: Providence City Hall Tree Lighting Scheduled For Next Week |
ModivCare Quarterly Liabilities And Stockholders Equity |
|
ModivCare uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in ModivCare. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to ModivCare's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact ModivCare's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises ModivCare's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2004-11-08 | 2004-09-30 | 0.2 | 0.22 | 0.02 | 10 | ||
2014-03-12 | 2013-12-31 | 0.34 | 0.3 | -0.04 | 11 | ||
2012-03-14 | 2011-12-31 | 0.23 | 0.27 | 0.04 | 17 | ||
2010-11-03 | 2010-09-30 | 0.17 | 0.22 | 0.05 | 29 | ||
2003-11-10 | 2003-09-30 | 0.11 | 0.16 | 0.05 | 45 | ||
2012-08-08 | 2012-06-30 | 0.17 | 0.11 | -0.06 | 35 | ||
2011-11-02 | 2011-09-30 | 0.21 | 0.15 | -0.06 | 28 | ||
2010-03-10 | 2009-12-31 | 0.36 | 0.42 | 0.06 | 16 |
Know ModivCare's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as ModivCare is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ModivCare backward and forwards among themselves. ModivCare's institutional investor refers to the entity that pools money to purchase ModivCare's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Dimensional Fund Advisors, Inc. | 2024-09-30 | 277.8 K | D. E. Shaw & Co Lp | 2024-09-30 | 264.9 K | Geode Capital Management, Llc | 2024-09-30 | 260.6 K | Goldman Sachs Group Inc | 2024-06-30 | 217 K | Renaissance Technologies Corp | 2024-09-30 | 209.7 K | Jane Street Group Llc | 2024-06-30 | 176.5 K | K2 Principal Fund Lp | 2024-09-30 | 158.8 K | Charles Schwab Investment Management Inc | 2024-09-30 | 147.4 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 145.3 K | Coliseum Capital Management Llc | 2024-09-30 | 3 M | Neuberger Berman Group Llc | 2024-06-30 | 1.7 M |
ModivCare's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 253.68 M.Market Cap |
|
ModivCare's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.33) | (0.31) | |
| Return On Capital Employed | (0.11) | (0.11) | |
| Return On Assets | (0.12) | (0.11) | |
| Return On Equity | (1.31) | (1.24) |
Determining ModivCare's profitability involves analyzing its financial statements and using various financial metrics to determine if ModivCare is a good buy. For example, gross profit margin measures ModivCare's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of ModivCare's profitability and make more informed investment decisions.
ModivCare's Earnings Breakdown by Geography
Please note, the imprecision that can be found in ModivCare's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ModivCare. Check ModivCare's Beneish M Score to see the likelihood of ModivCare's management manipulating its earnings.
Evaluate ModivCare's management efficiency
Return On Tangible Assets is likely to climb to -0.31 in 2024. Return On Capital Employed is likely to climb to -0.11 in 2024. At this time, ModivCare's Total Assets are fairly stable compared to the past year. Other Assets is likely to climb to about 51.9 M in 2024, whereas Total Current Assets are likely to drop slightly above 236.8 M in 2024. ModivCare's management efficiency ratios could be used to measure how well ModivCare manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 11.02 | 11.94 | |
| Tangible Book Value Per Share | (69.87) | (66.37) | |
| Enterprise Value Over EBITDA | (65.85) | (62.55) | |
| Price Book Value Ratio | 3.99 | 3.79 | |
| Enterprise Value Multiple | (65.85) | (62.55) | |
| Price Fair Value | 3.99 | 3.79 | |
| Enterprise Value | 1.8 B | 1.8 B |
Management at ModivCare focuses on leveraging technology and optimizing operations. We evaluate the impact of these focuses on the company's financial health and stock performance.
Beta 0.486 |
Basic technical analysis of ModivCare Stock
As of the 26th of November, ModivCare secures the Risk Adjusted Performance of 0.0078, mean deviation of 4.55, and Standard Deviation of 9.14. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of ModivCare, as well as the relationship between them. Please verify ModivCare mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if ModivCare is priced some-what accurately, providing market reflects its recent price of 17.76 per share. Given that ModivCare has information ratio of (0.02), we recommend you to check ModivCare's last-minute market performance to make sure the company can sustain itself at a future point.ModivCare's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific ModivCare insiders, such as employees or executives, is commonly permitted as long as it does not rely on ModivCare's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases ModivCare insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
ModivCare's Outstanding Corporate Bonds
ModivCare issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. ModivCare uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most ModivCare bonds can be classified according to their maturity, which is the date when ModivCare has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| US60783XAA28 Corp BondUS60783XAA28 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand ModivCare's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing ModivCare's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0078 | |||
| Market Risk Adjusted Performance | (0.10) | |||
| Mean Deviation | 4.55 | |||
| Coefficient Of Variation | (55,391) | |||
| Standard Deviation | 9.14 | |||
| Variance | 83.49 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 65.08 | |||
| Value At Risk | (8.25) | |||
| Potential Upside | 7.43 | |||
| Skewness | (4.03) | |||
| Kurtosis | 27.23 |
| Risk Adjusted Performance | 0.0078 | |||
| Market Risk Adjusted Performance | (0.10) | |||
| Mean Deviation | 4.55 | |||
| Coefficient Of Variation | (55,391) | |||
| Standard Deviation | 9.14 | |||
| Variance | 83.49 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (1.44) | |||
| Treynor Ratio | (0.11) | |||
| Maximum Drawdown | 65.08 | |||
| Value At Risk | (8.25) | |||
| Potential Upside | 7.43 | |||
| Skewness | (4.03) | |||
| Kurtosis | 27.23 |
Consider ModivCare's intraday indicators
ModivCare intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of ModivCare stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
ModivCare Corporate Filings
F4 | 25th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F3 | 8th of November 2024 The schedule filed by any person or group who acquires beneficial ownership of more than 5% of a voting class of a company's equity securities registered under Section 12 of the Act | ViewVerify |
ModivCare Stock media impact
Far too much social signal, news, headlines, and media speculation about ModivCare that are available to investors today. That information is available publicly through ModivCare media outlets and privately through word of mouth or via ModivCare internal channels. However, regardless of the origin, that massive amount of ModivCare data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of ModivCare news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of ModivCare relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to ModivCare's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive ModivCare alpha.
ModivCare Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards ModivCare can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ModivCare Corporate Management
| Jack Sawyer | Chief Ingeus | Profile | |
| Mia Haney | Chief Segment | Profile | |
| CFA CFA | Associate Relations | Profile | |
| Jessica Kral | Chief Officer | Profile | |
| Heath Sampson | President, CEO | Profile |
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.