In yesterday’s Wall Street session, Molina Healthcare Inc (NYSE:MOH) shares traded at $296.60, down -0.08% from the previous session.
MOH stock price is now -7.18% away from the 50-day moving average and -13.04% away from the 200-day moving average. The market capitalization of the company currently stands at $16.97B.
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With the price target of $405, Robert W. Baird recently initiated with Outperform rating for Molina Healthcare Inc (NYSE: MOH). On March 28, 2024, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $439, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Schapiro Richard M, Director sold 136 shares of the company’s stock on Nov 18 ’24. The stock was sold for $39,810 at an average price of $292.72. Upon completion of the transaction, the Director now directly owns 11,556 shares in the company, valued at $3.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Director Schapiro Richard M bought 136 shares of the business’s stock. A total of $44,273 was incurred on buying the stock at an average price of $325.54. A total of 1.16% of the company’s stock is owned by insiders.
During the past 12 months, Molina Healthcare Inc has had a low of $272.69 and a high of $423.92. According to the stock market information, the enterprise value for the company is $10280519680, which is based on a 15.06 price-to-earnings ratio, a 1.31 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for MOH is $320.7226 and a two-hundred day moving average price translates $341.582 for the stock.
The latest earnings results from Molina Healthcare Inc (NYSE: MOH) was released for 2024-09-30. The net profit margin was 2.92% and return on equity was 26.45% for MOH. The company reported revenue of $10.34 billion for the quarter, compared to $8.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.96 percent. For the current quarter, analysts expect MOH to generate $10.32B in revenue.
