What Are The Chances Of Molina Healthcare Inc (NYSE: MOH) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Molina Healthcare Reports Fourth Quarter and Year-End 2023 Financial Results.

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Stocks Info

As a NYSE listed company, MOH falls under the Healthcare sector while operating within the Healthcare Plans industry segment. At the end of the last regular session, the stock closed at $381.49 and fluctuated between $382.78 as its day high and $360.63 as its day low. The current market capitalization of Molina Healthcare Inc is $22.24B. A total of 0.85 million shares were traded on the day, compared to an average of 370.89K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MOH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 39 BUYs and 21 SELLs from insiders. Insiders purchased 296,320 shares during that period but sold 162,296.

In the most recent transaction, ROMNEY RONNA sold 335 shares of MOH for 358.00 per share on Nov 29. After the transaction, the Director now owns 16,907 company shares. In a previous transaction on Oct 30, ORLANDO STEVEN J sold 1,134 shares at 325.96 per share. MOH shares that Director owns now total 19,299.

Among the insiders who sold shares, HEBERT MAURICE disposed of 692 shares on Sep 13 at a per-share price of $328.15. This resulted in the Chief Accounting Officer holding 8,528 shares of MOH after the transaction. In another insider transaction, Russo Marc sold 2,523 shares at $312.72 per share on Aug 07. Company shares held by the EVP, Health Plans now total 37,093.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MOH in the last 3 months, the mean price target is $397.45 with high estimates of $457.00 and low estimates of $357.00. In terms of 52-week highs and lows, MOH has a high of $391.21 and a low of $256.19.

As of this writing, MOH has an earnings estimate of $6.41 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $6.87 per share and a lower estimate of $5.76. The company reported an EPS of $5.05 in the last quarter, which was 3.50% higher than expectations of $4.88.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MOH’s latest balance sheet shows that the firm has $7.64B in Cash & Short Term Investments as of fiscal 2021. There were $2.39B in debt and $7.05B in liabilities at the time. Its Book Value Per Share was $72.67, while its Total Shareholder’s Equity was $2.63B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MOH is Buy with a score of 3.73.

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