Centene Corporation (NYSE: CNC) on May 22, 2023, started off the session at the price of $65.33, plunging -0.31% from the previous trading day. During the day, the shares moved up to $65.77 and dropped to $64.675 before settling in for the closing price of $65.40. Within the past 52 weeks, CNC’s price has moved between $61.71 and $98.53.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 24.50%. The company achieved an average annual earnings per share of -9.50%. With a float of $545.25 million, this company’s outstanding shares have now reached $550.78 million.
The extent of productivity of a business whose workforce counts for 74300 workers is very important to gauge.
Centene Corporation (CNC) Insider and Institutional Ownership
Observing investor behavior towards Healthcare Plans industry stocks is more important than anything else. The insider ownership of Centene Corporation is 0.50%, while institutional ownership is 98.40%. The most recent insider transaction that took place on Apr 27, was worth 93,226. In this transaction Director of this company sold 1,400 shares at a rate of $66.59, taking the stock ownership to the 8,508 shares. Before that another transaction happened on Mar 17, when Company’s Chief Executive Officer bought 30,000 for $62.60, making the entire transaction worth $1,878,000. This insider now owns 313,953 shares in total.
Centene Corporation (CNC) Latest Financial update
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $2.11 earnings per share (EPS) for the period topping the consensus outlook (set at $2.09) by $0.02. This company achieved a net margin of +0.83 while generating a return on equity of 4.73. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.40% during the next five years compared to 0.80% growth over the previous five years of trading.
Centene Corporation (NYSE: CNC) Trading Performance Indicators
Centene Corporation (CNC) is currently performing well based on its current performance indicators. A quick ratio of 1.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.25. Likewise, its price to free cash flow for the trailing twelve months is 4.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.64, a number that is poised to hit 2.05 in the next quarter and is forecasted to reach 6.69 in one year’s time.
Technical Analysis of Centene Corporation (CNC)
The latest stats from [Centene Corporation, CNC] show that its last 5-days average volume of 2.69 million was inferior to 3.71 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 14.28%. Additionally, its Average True Range was 1.56.
During the past 100 days, Centene Corporation’s (CNC) raw stochastic average was set at 15.94%, which indicates a significant increase from 11.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.37% in the past 14 days, which was lower than the 25.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.13, while its 200-day Moving Average is $77.33. Now, the first resistance to watch is $65.75. This is followed by the second major resistance level at $66.31. The third major resistance level sits at $66.85. If the price goes on to break the first support level at $64.66, it is likely to go to the next support level at $64.12. The third support level lies at $63.57 if the price breaches the second support level.
Centene Corporation (NYSE: CNC) Key Stats
Market capitalization of the company is 36.00 billion based on 548,769K outstanding shares. Right now, sales total 144,547 M and income totals 1,202 M. The company made 38,889 M in profit during its latest quarter, and 1,130 M in sales during its previous quarter.
