Centene Corporation (NYSE: CNC) started the day on September 15, 2020, with a price decrease of -0.07% at $58.18. During the day, the stock rose to $58.955 and sunk to $57.753 before settling in for the price of $58.22 at the close. Taking a more long-term approach, CNC posted a 52-week range of $41.62-$74.70.
The Healthcare Sector giants’ yearly sales growth during the last 5-year period was 35.10%. Meanwhile, its Annual Earning per share during the time was 23.10%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 39.10%. This publicly-traded company’s shares outstanding now amounts to $579.19 million, simultaneously with a float of $568.74 million. The organization now has a market capitalization sitting at $34.11 billion. At the time of writing, stock’s 50-day Moving Average stood at $63.02, while the 200-day Moving Average is $62.75.
While finding the extent of efficiency of the company that is accounted for 56600 employees. It has generated 1,318,710 per worker during the last fiscal year. For the Profitability, stocks operating margin was +2.86 and Pretax Margin of +2.39.
Centene Corporation (CNC) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Healthcare Plans Industry. Centene Corporation’s current insider ownership accounts for 0.70%, in contrast to 95.10% institutional ownership. According to the most recent insider trade that took place on Aug 10, this organization’s EVP, Markets & Products sold 35,000 shares at the rate of 63.33, making the entire transaction reach 2,216,550 in total value, affecting insider ownership by 908,341. Preceding that transaction, on Jul 30, Company’s EVP, Markets & Products sold 35,000 for 65.98, making the whole transaction’s value amount to 2,309,300. This particular insider is now the holder of 943,341 in total.
Centene Corporation (CNC) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 6/29/2020, the organization reported $2.4 earnings per share (EPS) for the three months, lower than the consensus estimate (set at $2.43) by -$0.03. This company achieved a net margin of +1.77 while generating a return on equity of 11.26. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.64 per share during the current fiscal year.
Centene Corporation’s EPS increase for this current 12-month fiscal period is 39.10% and is forecasted to reach 5.75 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 13.70% through the next 5 years, which can be compared against the 23.10% growth it accomplished over the previous five years trading on the market.
Centene Corporation (NYSE: CNC) Trading Performance Indicators
Let’s observe the current performance indicators for Centene Corporation (CNC). It’s Quick Ratio in the last reported quarter now stands at 1.20. The Stock has managed to achieve an average true range (ATR) of 1.71. Alongside those numbers, its PE Ratio stands at $20.36, and its Beta score is 0.60. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.37. Similarly, its price to free cash flow for trailing twelve months is now 17.78.
In the same vein, CNC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.86, a figure that is expected to reach 0.96 in the next quarter, and analysts are predicting that it will be 5.75 at the market close of one year from today.
Technical Analysis of Centene Corporation (CNC)
If we take a close look at the recent performances of Centene Corporation (NYSE: CNC), its last 5-days Average volume was 2.92 million that shows plunge from its year to date volume of 4.76 million. During the previous 9 days, stock’s Stochastic %D was recorded 27.33% While, its Average True Range was 1.77.
Raw Stochastic average of Centene Corporation (CNC) in the period of the previous 100 days is set at 14.96%, which indicates a major fall in contrast to 35.30% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 29.72% that was lower than 34.09% volatility it exhibited in the past 100-days period.