A new trading day began on Monday, with Molina Healthcare Inc (NYSE: MOH) stock price up 3.03% from the previous day of trading, before settling in for the closing price of $330.12. MOH’s price has ranged from $282.96 to $423.92 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 13.87%. Meanwhile, its annual earnings per share averaged 12.60%. With a float of $57.95 million, this company’s outstanding shares have now reached $58.00 million.
Considering the fact that the conglomerate employs 18000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 12.09%, operating margin of 4.11%, and the pretax margin is 3.81%.
Molina Healthcare Inc (MOH) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Healthcare Plans Industry. The insider ownership of Molina Healthcare Inc is 1.12%, while institutional ownership is 101.58%. The most recent insider transaction that took place on Aug 15 ’24, was worth 136,182. In this transaction Chief Accounting Officer of this company sold 393 shares at a rate of $346.52, taking the stock ownership to the 9,473 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Officer proposed sale 393 for $346.52, making the entire transaction worth $136,182.
Molina Healthcare Inc (MOH) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 5.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 5.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.26% during the next five years compared to 12.22% growth over the previous five years of trading.
Molina Healthcare Inc (NYSE: MOH) Trading Performance Indicators
Here are Molina Healthcare Inc’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53. Likewise, its price to free cash flow for the trailing twelve months is 111.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 18.26, a number that is poised to hit 5.94 in the next quarter and is forecasted to reach 26.57 in one year’s time.
Technical Analysis of Molina Healthcare Inc (MOH)
Compared to the last year’s volume of 0.49 million, its volume of 0.35 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 42.20%. Additionally, its Average True Range was 7.69.
During the past 100 days, Molina Healthcare Inc’s (MOH) raw stochastic average was set at 69.48%, which indicates a significant increase from 66.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.33% in the past 14 days, which was lower than the 35.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $341.86, while its 200-day Moving Average is $350.86. Nevertheless, the first resistance level for the watch stands at $344.91 in the near term. At $349.69, the stock is likely to face the second major resistance level. The third major resistance level sits at $357.15. If the price goes on to break the first support level at $332.67, it is likely to go to the next support level at $325.21. Now, if the price goes above the second support level, the third support stands at $320.43.
Molina Healthcare Inc (NYSE: MOH) Key Stats
With a market capitalization of 19.93 billion, the company has a total of 58,600K Shares Outstanding. Currently, annual sales are 34,072 M while annual income is 1,091 M. The company’s previous quarter sales were 9,880 M while its latest quarter income was 301,000 K.
