How to buy Magellan Health stock

Magellan Health, Inc is a healthcare plans business based in the US. Magellan Health shares (MGLN) are listed on the NASDAQ and all prices are listed in US Dollars. Magellan Health employs 10,100 staff and has a trailing 12-month revenue of around USD$7.1 billion.

How to buy shares in Magellan Health

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Magellan Health. Find the stock by name or ticker symbol: MGLN. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magellan Health reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Magellan Health, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Magellan Health. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Magellan Health share price

Use our graph to track the performance of MGLN stocks over time.

Magellan Health shares at a glance

• Key figures

Information last updated 2021-02-24.

52-week range	USD$30.6 - USD$95.43
50-day moving average	USD$93.9756
200-day moving average	USD$81.5818
Wall St. target price	USD$94
PE ratio	17.4873
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$5.321

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Is it a good time to buy Magellan Health stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Magellan Health, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Magellan Health financials

Revenue TTM	USD$7.1 billion
Operating margin TTM	1.58%
Gross profit TTM	USD$227.2 million
Return on assets TTM	2.15%
Return on equity TTM	5.54%
Profit margin	1.88%
Book value	$61.668
Market capitalisation	USD$2.4 billion

TTM: trailing 12 months

Shorting Magellan Health shares

There are currently 787,362 Magellan Health shares held short by investors – that's known as Magellan Health's "short interest". This figure is 51.3% up from 520,568 last month.

There are a few different ways that this level of interest in shorting Magellan Health shares can be evaluated.

Magellan Health's "short interest ratio" (SIR)

Magellan Health's "short interest ratio" (SIR) is the quantity of Magellan Health shares currently shorted divided by the average quantity of Magellan Health shares traded daily (recently around 690668.42105263). Magellan Health's SIR currently stands at 1.14. In other words for every 100,000 Magellan Health shares traded daily on the market, roughly 1140 shares are currently held short.

However Magellan Health's short interest can also be evaluated against the total number of Magellan Health shares, or, against the total number of tradable Magellan Health shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Magellan Health's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Magellan Health shares in existence, roughly 30 shares are currently held short) or 0.0397% of the tradable shares (for every 100,000 tradable Magellan Health shares, roughly 40 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Magellan Health.

Find out more about how you can short Magellan Health stock.

Magellan Health share price volatility

Over the last 12 months, Magellan Health's shares have ranged in value from as little as $30.6 up to $95.43. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Magellan Health's is 1.2465. This would suggest that Magellan Health's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Magellan Health overview

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 (EAP); 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 other managed care organizations, employers, labor unions, various military and governmental agencies, and third party administrators. Magellan Health, Inc. was incorporated in 1969 and is headquartered in Phoenix, Arizona.

Frequently asked questions

• What percentage of Magellan Health is owned by insiders or institutions?

  Currently 0.977% of Magellan Health shares are held by insiders and 100.531% by institutions.

• How many people work for Magellan Health?

  Latest data suggests 10,100 work at Magellan Health.

• When does the fiscal year end for Magellan Health?

  Magellan Health's fiscal year ends in December.

• Where is Magellan Health based?

  Magellan Health's address is: 4801 East Washington Street, Phoenix, AZ, United States, 85034

• What is Magellan Health's ISIN number?

  Magellan Health's international securities identification number is: US5590792074

• What is Magellan Health's CUSIP number?

  Magellan Health's Committee on Uniform Securities Identification Procedures number is: 161241708