Molina Healthcare Inc [NYSE: MOH] stock went on an upward path that rose over 17.67% on Thursday, amounting to a one-week price increase of more than 11.79%.
Over the last 12 months, MOH stock dropped by -3.05%. The one-year Molina Healthcare Inc stock forecast points to a potential upside of 11.36. The average equity rating for MOH stock is currently 2.35, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $18.96 billion, with 58.00 million shares outstanding and 57.95 million shares in the current float. Compared to the average trading volume of 624.01K shares, MOH stock reached a trading volume of 2758294 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Molina Healthcare Inc [MOH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MOH shares is $365.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MOH stock is a recommendation set at 2.35. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Molina Healthcare Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 30, 2024. The new note on the price target was released on March 28, 2024, representing the official price target for Molina Healthcare Inc stock. Previously, the target price had yet another raise to $437, while Barclays analysts kept a Equal Weight rating on MOH stock. On February 15, 2024, analysts increased their price target for MOH shares from 367 to 420.
The Average True Range (ATR) for Molina Healthcare Inc is set at 14.26, with the Price to Sales ratio for MOH stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 3.87. Price to Free Cash Flow for MOH in the course of the last twelve months was 201.73.
MOH Stock Performance Analysis:
Molina Healthcare Inc [MOH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.79. With this latest performance, MOH shares dropped by -6.07% in over the last four-week period, additionally sinking by -8.15% over the last 6 months – not to mention a drop of -3.05% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MOH stock in for the last two-week period is set at 51.29, with the RSI for the last a single of trading hit 55.33, and the three-weeks RSI is set at 49.70 for Molina Healthcare Inc [MOH]. The present Moving Average for the last 50 days of trading for this stock 335.67, while it was recorded at 291.77 for the last single week of trading, and 347.96 for the last 200 days.
Insight into Molina Healthcare Inc Fundamentals:
Molina Healthcare Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.55.
MOH Stock EPS
With the latest financial reports released by the company, Molina Healthcare Inc posted 4.38/share EPS, while the average EPS was predicted by analysts to be reported at 4.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MOH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Molina Healthcare Inc go to 11.26%.
Molina Healthcare Inc [MOH] Institutonal Ownership Details
There are presently around $102.09%, or 103.23%% of MOH stock, in the hands of institutional investors. The top three institutional holders of MOH stocks are: VANGUARD GROUP INC with ownership of 6.68 million shares, which is approximately 11.5286%. CAPITAL WORLD INVESTORS, holding 5.28 million shares of the stock with an approximate value of $$1.57 billion in MOH stocks shares; and CAPITAL WORLD INVESTORS, currently with $$1.54 billion in MOH stock with ownership which is approximately 8.9637%.
