MOH Stock Summary and Trading Ideas (Molina Healthcare | NYSE:MOH)

Molina Healthcare Inc offers healthcare plans focused on Medicaid-related solutions for low-income families and individuals. Its health plans are operated by a network of subsidiaries, each of which is licensed as a health maintenance organization (HMO). It has four segments: Medicaid, Medicare, Marketplace and Others. The Medicaid, Medicare, and Marketplace segments represent the government-funded or sponsored programs under which it offers managed healthcare services. The Other segment, which is insignificant to its consolidated results of operations, includes long-term services and supports consultative services in Wisconsin. It generates majority revenue from Medicaid segment.

Molina Healthcare trades on the NYSE stock market under the symbol MOH.

As of May 13, 2024, MOH stock price declined to $352.35 with 364,037 million shares trading.

MOH has a beta of 0.00, meaning it tends to be less sensitive to market movements. MOH has a correlation of 0.00 to the broad based SPY ETF.

MOH has a market cap of $20.64 billion. This is considered a Large Cap stock.

Last quarter Molina Healthcare reported $10 billion in Revenue and $5.73 earnings per share. This beat revenue expectation by $491 million and exceeded earnings estimates by $.14.

In the last 3 years, MOH stock traded as high as $423.92 and as low as $239.20.

The top ETF exchange traded funds that MOH belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

MOH has underperformed the market in the last year with a return of +20.6%, while the SPY ETF gained +27.8%. In the last 3 month period, MOH fell short of the market, returning -9.3%, while SPY returned +4.3%. However, in the most recent 2 weeks MOH has outperformed the stock market by returning +3.0%, while SPY returned +2.5%.

MOH support price is $348.65 and resistance is $360.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MOH stock will trade within this expected range on the day.