Centene Corporation (NYSE: CNC) open the trading on February 10, 2021, with great promise as it jumped 1.31% to $61.06. During the day, the stock rose to $62.33 and sunk to $60.75 before settling in for the price of $60.27 at the close. Taking a more long-term approach, CNC posted a 52-week range of $43.96-$74.70.
The company of the Healthcare sector’s yearbook sales growth during the past 5- year span was recorded 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 $579.51 million, simultaneously with a float of $569.26 million. The organization now has a market capitalization sitting at $36.32 billion. At the time of writing, stock’s 50-day Moving Average stood at $61.92, while the 200-day Moving Average is $63.28.
It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 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
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Healthcare Plans industry. Centene Corporation’s current insider ownership accounts for 1.90%, in contrast to 95.20% institutional ownership. According to the most recent insider trade that took place on Jan 08, this organization’s EVP, M&A & Chief Strategy Ofcr sold 11,250 shares at the rate of 70.00, making the entire transaction reach 787,500 in total value, affecting insider ownership by 436,792. Preceding that transaction, on Jan 06, Company’s EVP, Chief Operating Officer sold 8,000 for 67.00, making the whole transaction’s value amount to 536,000. This particular insider is now the holder of 379,399 in total.
Centene Corporation (CNC) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 12/30/2020 suggests? It has posted $0.46 earnings per share (EPS) not meeting the forecaster’s viewpoint (set at $0.47) by -$0.01. 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 1.77 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 5.25 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 10.45% 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 1.30. The Stock has managed to achieve an average true range (ATR) of 2.03. Alongside those numbers, its PE Ratio stands at $16.98, and its Beta score is 0.51. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.36. Similarly, its price to free cash flow for trailing twelve months is now 36.03.
In the same vein, CNC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.60, a figure that is expected to reach 0.47 in the next quarter, and analysts are predicting that it will be 5.25 at the market close of one year from today.
Technical Analysis of Centene Corporation (CNC)
[Centene Corporation, CNC] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 51.40% While, its Average True Range was 1.91.
Raw Stochastic average of Centene Corporation (CNC) in the period of the previous 100 days is set at 39.87%, which indicates a major fall in contrast to 67.01% 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 31.41% that was lower than 37.67% volatility it exhibited in the past 100-days period.