Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate ModivCare Inc before investing.

In this article, we go over a few key elements for understanding ModivCare Inc’s stock price such as:

• ModivCare Inc’s current stock price and volume
• Why ModivCare Inc’s stock price changed recently
• Upgrades and downgrades for MODV from analysts
• MODV’s stock price momentum as measured by its relative strength

About ModivCare Inc (MODV)

Before we jump into ModivCare Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Modivcare Inc. is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for public and private payors and their members. It is a provider of non-emergency medical transportation (NEMT), personal care services (PCS), and remote patient monitoring (RPM) solutions. Its segments include NEMT, PCS, RPM, and Corporate and Other. The NEMT segment provides non-emergency medical transportation services throughout the country. The PCS segment provides non-medical personal care and home health services. Additionally, services provided in its PCS segment include placements of non-medical personal care assistants, home health aides and nurses primarily to Medicaid patient populations in need of care monitoring and assistance performing daily living activities in the home setting. RPM segment provides remote patient monitoring solutions, which include the monitoring of personal emergency response systems (PERS), vitals monitoring, and others.

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ModivCare Inc’s Stock Price as of Market Close

As of June 18, 2024, 4:00 PM, CST, ModivCare Inc’s stock price was $26.78.

ModivCare Inc is down 5.57% from its previous closing price of $28.36.

During the last market session, ModivCare Inc’s stock traded between $25.85 and $28.60. Currently, there are 14.20 million shares of ModivCare Inc stock available for purchase.

Unfortunately, ModivCare Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

ModivCare Inc Stock Price History

ModivCare Inc’s (MODV) price is currently down 1.98% so far this month.

During the month of June, ModivCare Inc’s stock price has reached a high of $28.92 and a low of $25.64.

Over the last year, ModivCare Inc has hit prices as high as $54.64 and as low as $19.64. Year to date, ModivCare Inc’s stock is down 70.15%.

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What Caused ModivCare Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 17, 2024, there was 1 analyst who downgraded ModivCare Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate ModivCare Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on ModivCare Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

ModivCare Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about ModivCare Inc (MODV) by visiting AAII Stock Evaluator.

Relative Price Strength of ModivCare Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 17, 2024, ModivCare Inc has a weighted four-quarter relative price strength of -13.74%, which translates to a Momentum Score of 27 and is considered to be Weak.

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ModivCare Inc Stock Price: Bottom Line

As of June 18, 2024, ModivCare Inc’s stock price is $26.78, which is down 5.57% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like ModivCare Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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