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Magellan Health Inc. (MGLN)

60.01   -5.51 (-8.41%) 02-28 16:00
Open: 61.56 Pre. Close: 65.52
High: 63.36 Low: 58.635
Volume: 524,279 Market Cap: 1468M
Magellan Health Inc provides managed healthcare business. It provides services to health plans, insurance companies, employers, labor unions and various governmental agencies.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 63.482 - 63.843 63.843 - 64.234
Low: 57.673 - 58.051 58.051 - 58.462
Close: 59.284 - 59.953 59.953 - 60.68

Technical analysis

as of: 2020-02-28 4:30:30 PM
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 81.55     One year: 89.63
Support: Support1: 58.63    Support2: 48.78
Resistance: Resistance1: 69.82    Resistance2: 76.74
Pivot: 70.82
Moving Average: MA(5): 65.92     MA(20): 71.44
MA(100): 71.98     MA(250): 68.69
MACD: MACD(12,26): -2.56     Signal(9): -1.41
Stochastic oscillator: %K(14,3): 8.58     %D(3): 8.45
RSI: RSI(14): 19.62
52-week: High: 81.04  Low: 57.79  Change(%): -12.2
Average Vol(K): 3-Month: 14364  10-Days: 18215

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
MGLN has closed below the lower band by 17.3%. If price is in a downtrend band; this downward trend in price might continue. However a short term pullback inside the band is likely. Bollinger Bands are 129.6% wider than normal. The large width of the bands suggest high volatility as compared to MGLN's normal range. The bands have been in this wide range for 2 bars. This is a sign that the current trend might continue.

Headline News

Magellan Health (MGLN) Tops Q4 Earnings and Revenue Estimates
Magellan Health (MGLN) delivered earnings and revenue surprises of 29.17% and 0.50%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Magellan Health Reports 2019 Financial Results and Provides 2020 Guidance
PHOENIX--(BUSINESS WIRE)--Magellan Health announced 2019 financial results and 2020 guidance.

Financial Analysis

Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Click here to get more fundamental analysis.
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Stock Basics & Statistics

Exchange:  Nasdaq Global Select
Sector:  Healthcare
Industry:  Health Care Plans
Shares Out. (M) 24.47
Shares Float (M) 21.79
% Held by Insiders 1.14
% Held by Institutions 100.39
Shares Short (K) 723
Shares Short P. Month (K)

Stock Financials

EPS 0.300
Book Value (p.s.) 55.680
PEG Ratio -16.65
Profit Margin 0.10
Operating Margin 0.56
Return on Assets (ttm) 0.8
Return on Equity (ttm) 0.6
Qtrly Rev. Growth -1.3
Gross Profit (p.s.) 8.133
Sales Per Share
EBITDA (p.s.) 5.065
Qtrly Earnings Growth -21.60
Operating Cash Flow (M) 275.25
Levered Free Cash Flow (M) 106.98

Stock Valuations

P/E 200.03
P/E Growth Ratio -0.08
P/BV 1.08
P/S 0.20
P/CF 5.33

Dividends & Splits

Dividend Yield
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
Forward Dividend
Last Split Date
Last Split Ratio -1e+010
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