(MODV) ModivCare - Ratings and Ratios

ModivCare Inc. is a technology-driven healthcare services provider that offers a comprehensive suite of supportive care solutions to public and private payors and their members across the United States. The companys business is diversified across four key segments, including Non-Emergency Medical Transportation, Personal Care Services, Monitoring, and Corporate and Other, which collectively enable it to cater to a wide range of healthcare needs.

The companys Non-Emergency Medical Transportation segment is a critical component of its business, providing risk underwriting, contact center management, and non-emergency medical transport management services to Medicaid or Medicare eligible members. Meanwhile, its Personal Care Services segment delivers in-home personal care services, such as bathing, dressing, and medication reminders, primarily to Medicaid patients requiring assistance with daily living activities. The Monitoring segment offers in-home clinical monitoring and quality improvement services, including personal emergency response systems and vitals monitoring devices.

ModivCares business model is designed to serve a broad range of clients, including federal, state, and local government agencies, managed care organizations, commercial insurers, private individuals, and health systems. The companys ability to maintain a network of community-based clinicians that deliver in-home and on-site services is a significant strength, enabling it to provide high-quality care to its clients. With its headquarters in Denver, Colorado, ModivCare has established itself as a major player in the healthcare services industry.

Analyzing the companys technical data, the current price of $0.91 is significantly lower than its SMA20 and SMA50, indicating a potential buying opportunity. However, the SMA200 at $11.06 suggests a long-term downtrend. The ATR of 0.19, representing 20.77% of the current price, indicates high volatility. Considering the fundamental data, the market capitalization of $17.79M USD and a forward P/E ratio of 4.79 suggest that the stock may be undervalued. The extremely high RoE of 686.75% is a strong indicator of the companys profitability. Based on these factors, a forecast for MODV could be cautiously optimistic, with potential for short-term gains, but long-term success will depend on the companys ability to address its downtrend and stabilize its stock price.

Taking into account the current technical and fundamental data, a possible trading strategy could involve buying MODV at its current price, with a stop-loss set at the 52W Low of $0.89. However, investors should be cautious of the high volatility and potential long-term risks. A more conservative approach would be to wait for a clear reversal in the long-term trend, indicated by a rise above the SMA200. Ultimately, the decision to invest in MODV will depend on an individuals risk tolerance and investment goals.