ModivCare Insiders Increase Stake By 115% Over Past Year
June 1, 2023
☀️Trending News
MODIVCARE ($NASDAQ:MODV): ModivCare Inc has seen a huge increase in its insiders buying up shares of the company. Over the past year, those insiders have bought more shares than they sold, increasing their collective stake by 115%. This is a clear sign of confidence in the future of ModivCare Inc and their prospects for success. They focus on developing new technologies and services that emphasize increased access, improved outcomes, and lower healthcare costs.
These recent purchases by insiders signals a strong outlook for ModivCare Inc’s long-term success. With the company’s focus on creating innovative solutions, it is likely that it will become an even more attractive stock for investors moving forward. It is clear that company insiders have a great deal of faith in their own product and that their increased presence in the stock market is a strong indication of what’s to come.
Analysis
At GoodWhale, we recently conducted an in-depth analysis of MODIVCARE INC‘s finances. Our Risk Rating indicates that MODIVCARE INC is a high risk investment in terms of financial and business aspects. We detected three risk warnings in the balance sheet, cashflow statement, and non-financial areas. Our analysis revealed that MODIVCARE INC has some significant risks that may be concerning to potential investors. These risks include low cash reserves, increasing levels of debt, and weak corporate governance. We invite you to register with us to access our detailed report on MODIVCARE INC and to gain more insight into these risks. Our report can help you make informed decisions about whether or not MODIVCARE INC is a suitable investment for you. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Modivcare Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.59k | -36.09 | -1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Modivcare Inc. More…
| Operations | Investing | Financing |
| -84.58 | -116.55 | 20.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Modivcare Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.94k | 1.59k | 24.77 |
Key Ratios Snapshot
Some of the financial key ratios for Modivcare Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.8% | 17.1% | 1.9% |
| FCF Margin | ROE | ROA |
| -4.7% | 8.9% | 1.6% |
Peers
In the healthcare industry, there is intense competition between ModivCare Inc and its competitors: Humana AB, Mednax Inc, and Hanger Inc. These companies are all vying for a share of the market, and each has its own unique strengths and weaknesses. Humana AB is a large, international company that offers a wide range of services. Mednax Inc is a smaller company that specializes in maternal and child health. Hanger Inc is a publicly traded company that focuses on orthopedics.
– Humana AB ($LTS:0RF7)
Humana AB is a Swedish health insurance company with a market capitalization of 2.04 billion as of 2022. The company has a return on equity of 10.21%. Humana AB provides health insurance products and services to individuals, families, and businesses in Sweden. The company offers a range of health insurance products, including hospital, medical, and dental insurance. Humana AB also provides health and wellness services, such as health coaching and wellness programs.
– Mednax Inc ($NYSE:MD)
Mednax, Inc. is a national provider of maternal-fetal, newborn and pediatric clinical and anesthesia services. The Company operates through three segments: Physician Services, Ancillary Services and Other Services. The Company’s physician services include clinical care provided by its affiliated physicians and other clinicians to expectant mothers, newborn infants and pediatric patients in connection with their mothers’ pregnancies and deliveries, and neonatal intensive care unit (NICU) care. Ancillary services include diagnostic testing, pharmacy and ambulatory surgery center (ASC) operations. The Company’s other services include remote patient monitoring, patient engagement solutions and population health management services.
Summary
Investing in ModivCare Inc. can be a lucrative option. Insiders have been net buyers of ModivCare Inc. stock during the past year, with one insider raising their stake by 115%. This trend suggests that ModivCare Inc. is a sound investment opportunity and presents investors with potential returns. Analysts have given the stock a favorable rating and investors should take a closer look at ModivCare Inc. when making their investing decisions.
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
