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1 Comment
Magellan Health, Inc is currently in a long term uptrend where the price is trading 5.8% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Healthcare sector with a price to sales ratio of 0.5.
Magellan Health, Inc's total revenue sank by 34.3% to $1B since the same quarter in the previous year.
Its net income has increased by 1206.5% to $269M since the same quarter in the previous year.
Finally, its free cash flow grew by 942.9% to $377M since the same quarter in the previous year.
Based on the above factors, Magellan Health, Inc gets an overall score of 4/5.
ISIN | US5590792074 |
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Sector | Healthcare |
Industry | Healthcare Plans |
CurrencyCode | USD |
Exchange | NASDAQ |
Beta | 1.04 |
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Dividend Yield | 0.0% |
Target Price | 95 |
PE Ratio | 8.49 |
Market Cap | 3B |
Magellan Health, Inc., together with its subsidiaries, provides healthcare management services in the United States. The company operates in Healthcare and Pharmacy Management segments. The Healthcare segment offers carve-out management services for behavioral health; employee assistance plans; and other areas of specialty healthcare, including diagnostic imaging, musculoskeletal management, cardiac, and physical medicine. It also contracts with state Medicaid agencies, and the centers for Medicare and Medicaid services to manage care for beneficiaries under Medicaid and Medicare programs, such as healthcare and long-term support services through its network of medical and behavioral health professionals, clinics, hospitals, nursing facilities, home care agencies, and ancillary service providers. The Pharmacy Management segment comprises products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs. Further, it offers pharmacy benefit management services, such as pharmaceutical dispensing services; pharmacy benefit administration for state Medicaid and other government sponsored programs; clinical and formulary management programs; medical pharmacy management programs; and programs for the integrated management of specialty drugs that treat complex conditions. In addition, the company provides services to health plans and managed care organizations, employers, labor unions, third party administrators, state governments, military and governmental agencies, exchanges, brokers, and consultants. Magellan Health, Inc. was incorporated in 1969 and is headquartered in Phoenix, Arizona. As of January 4, 2022, Magellan Health, Inc. operates as a subsidiary of Centene Corporation.
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