Stock To Watch: Magellan Health, Inc. (NASDAQ:MGLN)


The leading market experts have placed a mean price target of $69.75 on Magellan Health, Inc. (NASDAQ:MGLN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.03 a share for the upcoming quarter and $2.65 for the current fiscal.

Technical View

The technical analysis of Magellan Health, Inc. plainly substantiates that the 50-day moving average of Magellan Health, Inc. is $62.70, and stock is trading $-6.22 points away or -9.92% from its 50-day moving average of $62.70. Further it is trading $-8.59 or -13.21% away its 200-day moving average of $65.07. Magellan Health, Inc. (NASDAQ:MGLN) 52-week high is $72.31 and the 52-week low is $45.40.

This explains if the stock moves $-15.83, it will post a 52-week high. In event of +24.41% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Magellan Health, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Magellan Health, Inc. (NASDAQ:MGLN) ratio came in at 38.42.

The stock last ended the trading session at $56.48 and registered a market cap of $1.39B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Magellan Health, Inc. (NASDAQ:MGLN) PEG ratio is at -16.44.

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