ModivCare Inc’s recently made public that its 10% Owner AI Catalyst Fund, LP acquired Company’s shares for reported $0.76 million on Jan 31 ’25. In the deal valued at $4.03 per share,187,500 shares were bought. As a result of this transaction, AI Catalyst Fund, LP now holds 1,942,500 shares worth roughly $4.47 million.
Then, AI Catalyst Fund, LP bought 187,500 shares, generating $725,625 in total proceeds. Upon buying the shares at $3.87, the 10% Owner now owns 2,130,000 shares.
Before that, AI Catalyst Fund, LP bought 45,000 shares. ModivCare Inc shares valued at $195,750 were divested by the 10% Owner at a price of $4.35 per share. As a result of the transaction, AI Catalyst Fund, LP now holds 1,755,000 shares, worth roughly $4.04 million.
Barrington Research upgraded its ModivCare Inc [MODV] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. Jefferies also remained covering MODV and has decreased its forecast on February 23, 2024 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on February 23, 2024. It rated MODV as “a Hold” which previously was an “a Buy”.
Price Performance Review of MODV
On Friday, ModivCare Inc [NASDAQ:MODV] saw its stock jump 3.14% to $2.30. Over the last five days, the stock has lost -16.36%. ModivCare Inc shares have fallen nearly -80.57% since the year began. Nevertheless, the stocks have fallen -92.41% over the past one year. While a 52-week high of $32.82 was reached on 01/08/25, a 52-week low of $2.16 was recorded on 03/14/25. SMA at 50 days reached $5.61, while 200 days put it at $16.83.
Levels Of Support And Resistance For MODV Stock
The 24-hour chart illustrates a support level at 2.16, which if violated will result in even more drops to 2.01. On the upside, there is a resistance level at 2.39. A further resistance level may holdings at 2.47. The Relative Strength Index (RSI) on the 14-day chart is 27.20, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.75%. Stochastics %K at 3.62% indicates the stock is a buying.
How much short interest is there in ModivCare Inc?
A steep rise in short interest was recorded in ModivCare Inc stocks on 2025-02-28, growing by 0.12 million shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.74 million shares. There was a rise of 6.71%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 03, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $145 price target.
