Molina Healthcare Reports Second Quarter 2024 Financial Results
| MOH Stock | USD 301.87 3.97 1.33% |
Under 50% of Molina Healthcare's traders are presently thinking to get in. The analysis of overall sentiment of trading Molina Healthcare stock suggests that some investors are interested at this time. Molina Healthcare's investing sentiment shows overall attitude of investors towards Molina Healthcare.
Molina |
Molina Healthcare, Inc. today reported second quarter 2024 GAAP earnings per diluted share of 5.17 and adjusted earnings
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Molina Healthcare Fundamental Analysis
We analyze Molina Healthcare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Molina Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Molina Healthcare based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
Molina Healthcare is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Molina Healthcare Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Molina Healthcare stock to make a market-neutral strategy. Peer analysis of Molina Healthcare could also be used in its relative valuation, which is a method of valuing Molina Healthcare by comparing valuation metrics with similar companies.
Peers
Molina Healthcare Related Equities
| OSCR | Oscar Health | 6.35 | ||||
| ALHC | Alignment Healthcare | 1.82 | ||||
| ELV | Elevance Health | 0.84 | ||||
| CNC | Centene Corp | 0.10 | ||||
| CI | Cigna Corp | 0.22 | ||||
| UNH | UnitedHealth Group | 0.28 | ||||
| HUM | Humana | 1.10 | ||||
| CVS | CVS Health | 1.29 |
Complementary Tools for Molina Stock analysis
When running Molina Healthcare's price analysis, check to measure Molina Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Molina Healthcare is operating at the current time. Most of Molina Healthcare's value examination focuses on studying past and present price action to predict the probability of Molina Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Molina Healthcare's price. Additionally, you may evaluate how the addition of Molina Healthcare to your portfolios can decrease your overall portfolio volatility.
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