Molina Healthcare Inc (MOH) concluded trading on Thursday at a closing price of $323.59, with 2.76 million shares of worth about $892.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.15% during that period and on October 24, 2024 the price saw a gain of about 17.67%. Currently the company’s common shares owned by public are about 58.00M shares, out of which, 57.95M shares are available for trading.
Stock saw a price change of 11.79% in past 5 days and over the past one month there was a price change of -6.07%. Year-to-date (YTD), MOH shares are showing a performance of -10.44% which decreased to -3.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $272.69 but also hit the highest price of $423.92 during that period. The average intraday trading volume for Molina Healthcare Inc shares is 624.01K. The stock is currently trading 1.11% above its 20-day simple moving average (SMA20), while that difference is down -3.60% for SMA50 and it goes to -7.00% lower than SMA200.
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Molina Healthcare Inc (NYSE: MOH) currently have 58.00M outstanding shares and institutions hold larger chunk of about 101.51% of that.
The stock has a current market capitalization of $18.96B and its 3Y-monthly beta is at 0.58. PE ratio of stock for trailing 12 months is 16.43, while it has posted earnings per share of $19.70 in the same period. Its PEG reads 1.46 while making debt-to-equity ratio of 0.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MOH, volatility over the week remained 3.52% while standing at 2.66% over the month.
Stock’s fiscal year EPS is expected to rise by 11.28% while it is estimated to increase by 12.62% in next year. EPS is likely to shrink at an annualized rate of 11.26% for next 5-years, compared to annual growth of 12.22% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on May 30, 2024 offering an Outperform rating for the stock and assigned a target price of $405 to it. Coverage by BofA Securities stated Molina Healthcare Inc (MOH) stock as an Underperform in their note to investors on March 28, 2024, suggesting a price target of $439 for the stock. On March 06, 2024, Barclays Initiated their recommendations, while on February 15, 2024, Wells Fargo Upgrade their ratings for the stock with a price target of $420. Stock get a Neutral rating from UBS on June 20, 2023.
