Stock Market Recap: Molina Healthcare Inc (MOH) Concludes at 331.12, a -0.04 Surge/Decline

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After finishing at $331.24 in the prior trading day, Molina Healthcare Inc (NYSE: MOH) closed at $331.12, down -0.04%. In other words, the price has decreased by -$0.04 from its previous closing price. On the day, 0.56 million shares were traded. MOH stock price reached its highest trading level at $334.78 during the session, while it also had its lowest trading level at $326.07.

Ratios:

Our goal is to gain a better understanding of MOH by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.49.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on May 30, 2024, initiated with a Outperform rating and assigned the stock a target price of $405.

On March 28, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $439.

On March 06, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $437.Barclays initiated its Equal Weight rating on March 06, 2024, with a $437 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 ’24 when HEBERT MAURICE sold 393 shares for $346.52 per share. The transaction valued at 136,182 led to the insider holds 9,473 shares of the business.

HEBERT MAURICE bought 393 shares of MOH for $136,182 on Aug 15 ’24. On Jul 30 ’24, another insider, ORLANDO STEVEN J, who serves as the Director of the company, sold 1,000 shares for $339.21 each. As a result, the insider received 339,210 and left with 18,025 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MOH now has a Market Capitalization of 19410651136 and an Enterprise Value of 13093663744. As of this moment, Molina’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.13, and their Forward P/E ratio for the next fiscal year is 12.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 4.03. Its current Enterprise Value per Revenue stands at 0.363 whereas that against EBITDA is 7.698.

Stock Price History:

Over the past 52 weeks, MOH has reached a high of $423.92, while it has fallen to a 52-week low of $282.96. The 50-Day Moving Average of the stock is 2.69%, while the 200-Day Moving Average is calculated to be -6.50%.

Shares Statistics:

The stock has traded on average 614.31K shares per day over the past 3-months and 469540 shares per day over the last 10 days, according to various share statistics. A total of 58.00M shares are outstanding, with a floating share count of 57.95M. Insiders hold about 1.11% of the company’s shares, while institutions hold 105.88% stake in the company. Shares short for MOH as of 1723680000 were 1322447 with a Short Ratio of 2.15, compared to 1721001600 on 1897224. Therefore, it implies a Short% of Shares Outstanding of 1322447 and a Short% of Float of 2.5700000000000003.

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