Centene Corporation (CNC) distance from 200-day Simple Moving Average is $84.77: Right on the Precipice


Centene Corporation (NYSE: CNC) started the day on November 23, 2022, with a price increase of 0.81% at $83.63. During the day, the stock rose to $84.06 and sunk to $82.6516 before settling in for the price of $82.96 at the close. Taking a more long-term approach, CNC posted a 52-week range of $69.51-$98.53.

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The company of the Healthcare sector’s yearbook sales growth during the past 5- year span was recorded 25.40%. Meanwhile, its Annual Earning per share during the time was 6.00%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -26.90%. This publicly-traded company’s shares outstanding now amounts to $573.96 million, simultaneously with a float of $563.21 million. The organization now has a market capitalization sitting at $46.35 billion. At the time of writing, stock’s 50-day Moving Average stood at $80.35, while the 200-day Moving Average is $84.77.

It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 72500 employees. For the Profitability, stocks operating margin was +2.77 and Pretax Margin of +1.44.

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 0.50%, in contrast to 98.30% institutional ownership. According to the most recent insider trade that took place on Jul 29, this organization’s EVP, Chief Admin. Officer sold 9,000 shares at the rate of 92.21, making the entire transaction reach 829,890 in total value, affecting insider ownership by 118,194. Preceding that transaction, on Jul 28, Company’s Director sold 1,200 for 92.77, making the whole transaction’s value amount to 111,324. This particular insider is now the holder of 9,908 in total.

Centene Corporation (CNC) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 9/29/2022, the organization reported $1.3 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $1.24) by $0.06. This company achieved a net margin of +1.07 while generating a return on equity of 5.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.13 per share during the current fiscal year.

Centene Corporation’s EPS decrease for this current 12-month fiscal period is -26.90% and is forecasted to reach 6.34 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 13.71% through the next 5 years, which can be compared against the 6.00% 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). The Stock has managed to achieve an average true range (ATR) of 2.40. Alongside those numbers, its PE Ratio stands at $24.41, and its Beta score is 0.58. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.33. Similarly, its price to free cash flow for trailing twelve months is now 6.19.

In the same vein, CNC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.43, a figure that is expected to reach 0.85 in the next quarter, and analysts are predicting that it will be 6.34 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 2.95 million that shows plunge from its year to date volume of 3.18 million. During the previous 9 days, stock’s Stochastic %D was recorded 62.27% While, its Average True Range was 2.30.


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