Molina Healthcare, Inc.’s stock price takes a dip, dropping to $360.85 with a 4.17% decrease

Molina Healthcare, Inc. (MOH)

360.85 USD -15.72 (-4.17%) Volume: 0.84M

Molina Healthcare, Inc.’s stock price is currently at 360.85 USD, witnessing a drop of -4.17% in this trading session with a trading volume of 0.84M. Despite a slight dip of -0.13% YTD, MOH continues to be a significant player in the healthcare sector.

Latest developments on Molina Healthcare, Inc.

Recent events have stirred up significant movements in Molina Healthcare‘s stock price. The company, listed as NYSE:MOH, was recently suggested to be 37% undervalued in an intrinsic calculation, a potential contributing factor to its price fluctuations. It’s also worth noting that Molina Healthcare, along with UnitedHealth and CVS, were the major losers in the Florida Medicaid contract awards. Despite these setbacks, the company has demonstrated responsible use of debt and its Relative Strength Rating has climbed to 73. However, an analyst downgrade led to a gap down in shares and Wells Fargo has cut the stock target due to recent performance. Furthermore, Florida’s much-anticipated Medicaid re-procurement awards have also had an impact on Molina, along with Centene and Humana.

A look at Molina Healthcare, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Molina Healthcare has a positive long-term outlook with high scores in Growth, Resilience, and Momentum. With a score of 4 in Growth, the company is expected to see strong expansion and development in the future. Additionally, Molina Healthcare scored a 4 in Resilience, indicating its ability to withstand economic downturns and challenges. Its Momentum score of 4 suggests that the company is gaining traction and moving forward steadily. These factors combined point towards a promising future for Molina Healthcare.

Molina Healthcare Inc. is a managed care organization that focuses on providing health care services to low-income families and individuals. With health plans in several states and primary care clinics in California, the company plays a crucial role in ensuring access to essential healthcare services for those in need. Despite a lower score in Dividend, Molina Healthcare‘s overall outlook remains positive, driven by strong scores in Growth, Resilience, and Momentum. This indicates that the company is well-positioned for long-term success in the healthcare industry.

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