Molina Healthcare Inc s trend and data analysis indicates that the stock price has dropped -16.56% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -21.37% . Looking at the past 52 week period, the stock price is down -28.88% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Molina Healthcare Inc has a positive value of 9.58 compared to overall market.Molina Healthcare, Inc. is having a Relative Strength Index of 31.71 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Molina Healthcare Inc (NYSE:MOH) rallied by 0.28% during the past week but lost 4.91% on a 4-week basis. The company has outperformed the S&P 500 by 0.05% in the past week but underperformed the index by 6% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Molina Healthcare Inc (NYSE:MOH) : On Friday heightened volatility was witnessed in Molina Healthcare Inc (NYSE:MOH) which led to swings in the share price. The stock opened for trading at $45.11 and hit $46 on the upside , eventually ending the session at $45.86, with a gain of 1.55% or 0.7 points. The heightened volatility saw the trading volume jump to 1,362,084 shares. The 52-week high of the share price is $67.87 and the company has a market cap of $2,615 million. The 52-week low of the share price is at $43.91 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Molina Healthcare was Downgraded by Stifel on Feb 16, 2017 to Hold, Lowers Price Target to $ 45 from a previous price target of $64 .Molina Healthcare was Initiated by Piper Jaffray to Overweight on Jan 4, 2017.
Company has reported several Insider transactions to the SEC, on Mar 10, 2017, Ronna Romney (director) sold 1,943 shares at 48.81 per share price.On Mar 8, 2017, Garrey Carruthers (director) sold 3,100 shares at 49.22 per share price.On Mar 8, 2017, John C Molina (CFO) sold 20,341 shares at 49.19 per share price.
Molina Healthcare Last issued its quarterly earnings results on Feb 15, 2017. The company reported $-1.54 EPS for the quarter, missing the analyst consensus estimate by $ -2.30. Analyst had a consensus of $0.76. The company had revenue of $4463.00 million for the quarter, compared to analysts expectations of $4560.07 million. The companys revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Molina Healthcare is a multi-state managed care organization that arranges for the delivery of healthcare services to persons eligible for Medicaid and other programs for low-income families and individuals. It currently operates health plans in California, Washington, Michigan and Utah.