How to Buy Modivcare Stock
Modivcare Inc
ModivCare Inc. , a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients.
Modivcare stock last closed at $82.15, up 0.02% from the previous day, and has decreased 27.29% in one year. It has underperformed other stocks in the Medical Care Facilities industry by 0.08 percentage points. Modivcare stock is currently +12.44% from its 52-week low of $73.06, and -32.41% from its 52-week high of $121.54.
There are currently 14.15M MODV shares outstanding. The market cap of MODV is $1.16B. In the last 24 hours, 132,251 MODV shares were traded.
How to Buy Modivcare Stock
Wondering how to invest in Modivcare stock? Here's how.
- Choose where to buy Modivcare stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Modivcare stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Research Modivcare stock: The Modivcare ticker symbol is MODV. Is Modivcare stock a good investment? Should you buy shares of MODV? How do MODV's underlying business fundamentals look? Do top analysts think Modivcare is a good buy? Why has MODV's stock price moved recently? (Hint: Our stock analysis website can help you understand if MODV is a good stock to buy).
- Execute your MODV purchase: Decide if you will purchase MODV shares at the current market price or use a limit order to buy MODV shares at a particular price.
- Get notifications regarding your investment in MODV: Create a watchlist to watch your new investment in Modivcare shares.
Step 1: Choose where to buy Modivcare stock
You will need a brokerage account in order to access the NASDAQ market and buy MODV shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal information so you can invest in MODV today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Provide your personal data to create a new trading account.
- Send your data by pressing the "Create Account" button.
Step 3: Put funds into your brokerage account
Now that you've finished signing up on the best stock market app for beginners, you need to deposit funds:
Watch this video walkthrough to see the process of transferring funds into your new brokerage account.
Step 4: Research Modivcare stock
Once you have figured out the best place to buy Modivcare stock, it's absolutely critical to research their stock before you invest, so you can wrap your head around the risk as well as the opportunity.
Overview of key MODV info
Modivcare Overview
WallStreetZen was created to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on MODV's stock page.
What is the fair value of MODV stock?
Analysts use many financial metrics, analyses, models, and charts to gauge MODV's intrinsic value.
Using relative valuations methods:
- MODV could be undervalued based on its P/B ratio of 3.28x, relative to Medical Care Facilities industry P/B ratio of 4.57x
You can do more valuation analysis on MODV's stock here.
Is MODV a healthy company?
Pros:
- MODV has $14.98M in cash and short term investments. This is sufficient to cover its annual cash burn of $43.45M.
Cons:
- Total MODV debt is higher than 5 years ago, relative to shareholder equity.
- MODV has cash burn of 43446000. It does not have enough cash and short-term investments to cover this.
- MODV has a relatively high debt to equity ratio of 4.48.
- There are more long-term liabilities than short-term assets on the MODV balance sheet.
- MODV profit margin has gone down from -0.3% to -1.3% in the past year.
- There are more short-term liabilities than short-term assets on the MODV balance sheet.
Do Wall Street analysts think it's a good time to buy Modivcare stock
Out of 2 Wall Street analysts who give recommendations on MODV, the consensus analyst rating on MODV is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent MODV Analyst Recommendations
Pito Chickering, a bottom 32% analyst from Deutsche Bank maintains MODV with a strong buy rating and raises their MODV price target from $100.00 to $120.00, on Feb 24, 2023.
Michael Petusky, a bottom 13% analyst from Barrington Research maintains MODV with a buy rating and raises their MODV price target from $138.00 to $143.00, on Feb 24, 2023.
You can dive deeper into what analysts are projecting on the Modivcare stock forecast page.
MODV Trading Indicators
Is MODV Growing Revenue?
Last year, MODV revenue was $2.51B. In the last 5 year, MODV's revenue has grown by 13.76% per year. This was slower than the Medical Care Facilities industry average of 15.66%.
You can research MODV's earnings and revenue performance here.
What are MODV insiders up to?
Over the past year, executives and large shareholders at MODV have bought more shares than they have sold.
Coliseum Capital Management LLC, Director of MODV, was the latest MODV insider to buy. They bought $94,133.25 worth of MODV stock on Mar 17, 2023.
Research more about who owns MODV shares here.
Does MODV provide a stable income stream?
No, Modivcare doesn't provide an income stream by paying out dividends.
What others are saying about MODV
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your MODV purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, use a limit order.
Press the Open button and your broker will place the order.
If you need additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in MODV
Now that you own some MODV shares, you'll want to stay up-to-date on your new shares.
Add MODV to a watchlist to keep tabs on your MODV stock.
MODV Feed
How to Buy Stock in Modivcare
To summarize, here are the 6 steps to buy stock in Modivcare:
- Choose where to buy Modivcare stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Research Modivcare stock
- Execute your MODV purchase
- Get notifications regarding your investment in MODV
If you are looking for a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Modivcare, hit the button below to create your watchlist.
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