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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 $26.40, up 0.3% from the previous day, and has decreased 45.19% in one year. It has underperformed other stocks in the Medical Care Facilities industry by 0.52 percentage points. Modivcare stock is currently +34.42% from its 52-week low of $19.64, and -51.68% from its 52-week high of $54.64.

There are currently 14.21M MODV shares outstanding. The market cap of MODV is $375.17M. In the last 24 hours, 118,610 MODV shares were traded.

How to Buy Modivcare Stock

Wondering how to invest in Modivcare stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

MODV Price
$26.40
1w %
-2.48%
1y %
-45.19%
5y %
-59.22%
P/E
-1.68x
P/B
2.76x
P/S
0.14x
PEG
N/A
Revenue
$2.78B
Earnings
-$222.80M
Fore. Rev. Growth
4.49%
Fore. Earn. Growth
N/A
Market Cap
$375.17M
Next Earnings
Aug 1, 2024
Next Dividend
N/A

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 2.76x, relative to Medical Care Facilities industry P/B ratio of 4.67x

You can do more valuation analysis on MODV's stock here.

Is MODV a healthy company?

Pros:

  • MODV has $10.87M in cash and short term investments. This is sufficient to cover its annual cash burn of $107.58M.

Cons:

  • Total MODV debt is higher than 5 years ago, relative to shareholder equity.
  • MODV has cash burn of 107580000. It does not have enough cash and short-term investments to cover this.
  • MODV has a relatively high debt to equity ratio of 11.99.
  • There are more long-term liabilities than short-term assets on the MODV balance sheet.
  • MODV profit margin has gone down from -1.4% to -8% 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 3 Wall Street analysts who give recommendations on MODV, the consensus analyst rating on MODV is a Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Modivcare stock forecast page.

MODV Trading Indicators

SMA10
26.86
SMA20
27.31
SMA50
25.36
SMA100
29.85
SMA200
33.95
MACD
0.16
MACD Signal
0.36
MACD Histogram
-0.2
RSI
46.6
Stochastic %K
29.13
Stochastic %D
37.67
StochRSI %K
12.92
StochRSI %D
25.09

How is MODV performing as a company?

Last year, MODV revenue was $2.78B. During the past 5 year, MODV's revenue has gone up by 14.42% per year. This was faster than the Medical Care Facilities industry average of 8.65%.

Learn more about MODV's earnings and revenue performance here.

What are MODV executives and large shareholders up to?

In the past year, insiders at MODV have bought more shares than they have sold.

Anne E. Bailey, President Home Division of MODV, was the latest MODV insider to sell. They sold $31,442.65 worth of MODV shares on May 16, 2024.

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 do other investors have to say about MODV?

One of the biggest reasons eToro is our highest-rated 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 primary options:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.

Hit the Open Trade button and eToro will place your order.

If you want additional help investing in stocks on eToro, click the helpful video below:

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Step 6: Get notifications regarding your investment in MODV

Now that you own some MODV shares, you'll want to keep up with your stock purchase.

Create a watchlist to track the most important metrics related to your MODV stock.

MODV Feed

How to Buy Stock in Modivcare

To summarize, here are the 6 steps you need to take to buy Modivcare stock right now:

  1. Choose where to buy Modivcare stock
  2. Sign up for your brokerage account
  3. Put funds into your brokerage account
  4. Research Modivcare stock
  5. Execute your MODV purchase
  6. Get notifications regarding your investment in MODV

If you require a place to buy stocks, eToro is our recommended venue.

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If you would like to get updates on your investment in Modivcare, create your watchlist below.

NASDAQ: MODV
$26.40+0.08 (+0.3%)
Updated Jun 14, 2024
Open eToro Account
NASDAQ: MODV
$26.40+0.08 (+0.3%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Modivcare share?

As of Jun 14, 2024, it costs $26.40 to buy one share of Modivcare stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.379 shares of MODV.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Modivcare stock?

According to 3 Wall Street analysts who monitor Modivcare, their consensus recommendation is to buy Modivcare stock.

What is the best way to buy Modivcare stock?

One way to place an order for Modivcare stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.