In yesterday’s Wall Street session, Molina Healthcare Inc (NYSE:MOH) shares traded at $332.13, down -2.60% from the previous session.
MOH stock price is now -10.29% away from the 50-day moving average and -7.40% away from the 200-day moving average. The market capitalization of the company currently stands at $19.46B.
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With the price target maintained at $439, BofA Securities recently Downgraded its rating from Neutral to Underperform for Molina Healthcare Inc (NYSE: MOH). On March 06, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $437, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, WOYS JAMES, Chief Operating Officer sold 10,000 shares of the company’s stock on May 22 ’24. The stock was sold for $3,451,480 at an average price of $345.15. Upon completion of the transaction, the Chief Operating Officer now directly owns 53,613 shares in the company, valued at $17.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, Director ROMNEY RONNA sold 250 shares of the business’s stock. A total of $85,818 was realized by selling the stock at an average price of $343.27. This leaves the insider owning 16,945 shares of the company worth $5.63 million. A total of 1.13% of the company’s stock is owned by insiders.
During the past 12 months, Molina Healthcare Inc has had a low of $266.35 and a high of $423.92. According to the stock market information, the enterprise value for the company is $12907817984, which is based on a 18.02 price-to-earnings ratio, a 1.35 price-to-earnings-growth ratio, and a beta of 0.59. The fifty day moving average price for MOH is $368.7244 and a two-hundred day moving average price translates $358.7462 for the stock.
The latest earnings results from Molina Healthcare Inc (NYSE: MOH) was released for 2024-03-31. The net profit margin was 2.99% and return on equity was 27.53% for MOH. The company reported revenue of $9.93 billion for the quarter, compared to $8.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.87 percent.
