Modivcare Provides Financial Update
ModivCare Inc. (MODV)
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, today addressed its recent filings with the U.S. Securities and Exchange Commission (“SEC”) and announced adjusted guidance.On September 12, 2024, the Company filed a Form S-3 shelf registration statement with the SEC, as well as a Form 8-K, providing additional information. Once declared effective by the SEC, the Form S-3 will provide the Company with flexibility to raise capital as needed over the next three years.The Company does not plan to issue equity at this time. The Company is focused on seeking near-term covenant relief under its revolving credit facility to address potential delays in contract receivable collections. Advanced discussions with the Company’s bank group have been collaborative and supportive.Contract ReceivablesModivcare rema
Show less
Read more
Impact Snapshot
Event Time:
MODV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MODV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MODV alerts
High impacting ModivCare Inc. news events
Weekly update
A roundup of the hottest topics
MODV
News
- ModivCare Inc. (NASDAQ: MODV) had its price target lowered by analysts at Barrington Research from $35.00 to $19.00. They now have an "outperform" rating on the stock.MarketBeat
- ModivCare Inc. (NASDAQ: MODV) had its price target lowered by analysts at Lake Street Capital from $50.00 to $30.00. They now have a "buy" rating on the stock.MarketBeat
- ModivCare Inc. (NASDAQ: MODV) had its price target lowered by analysts at Jefferies Financial Group Inc. from $25.00 to $14.00. They now have a "hold" rating on the stock.MarketBeat
- Modivcare Partners with American College of Cardiology to Launch Caring Hearts Initiative in New JerseyBusiness Wire
- Portland Medicaid Transportation Driver Ben Fasulo Earns Modivcare Maine Driver of the MonthBusiness Wire
MODV
Earnings
- 8/7/24 - Miss
MODV
Sec Filings
- 9/16/24 - Form 8-K
- 9/12/24 - Form S-3
- 9/12/24 - Form 8-K
- MODV's page on the SEC website