Centene Corp. (NYSE: CNC) established initial surge of 2.43% at $73.75, before settling in for the price of $72.00 at the close. Taking a more long-term approach, CNC posted a 52-week range of $60.83-$81.42.
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It was noted that the giant of the Healthcare sector posted annual sales growth of 21.54% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 17.00%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1.35%. This publicly-traded company’s shares outstanding now amounts to $534.48 million, simultaneously with a float of $529.15 million. The organization now has a market capitalization sitting at $39.45 billion. At the time of writing, stock’s 50-day Moving Average stood at $76.49, while the 200-day Moving Average is $71.99.
Centene Corp. (CNC) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Centene Corp. industry. Centene Corp.’s current insider ownership accounts for 1.07%, in contrast to 94.84% institutional ownership. According to the most recent insider trade that took place on Feb 13 ’24, this organization’s Director sold 10,000 shares at the rate of 77.41, making the entire transaction reach 774,100 in total value, affecting insider ownership by 11,455. Preceding that transaction, on Feb 07 ’24, Company’s President sold 12,000 for 75.07, making the whole transaction’s value amount to 900,817. This particular insider is now the holder of 235,365 in total.
Centene Corp. (CNC) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 147.89 per share during the current fiscal year.
Centene Corp.’s EPS increase for this current 12-month fiscal period is 1.35% and is forecasted to reach 7.56 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 11.71% through the next 5 years, which can be compared against the 17.00% growth it accomplished over the previous five years trading on the market.
Centene Corp. (NYSE: CNC) Trading Performance Indicators
Let’s observe the current performance indicators for Centene Corp. (CNC). The Stock has managed to achieve an average true range (ATR) of 1.92. Alongside those numbers, its PE Ratio stands at $15.01, and its Beta score is 0.41. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.26. Similarly, its price to free cash flow for trailing twelve months is now 5.44.
In the same vein, CNC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.91, a figure that is expected to reach 2.08 in the next quarter, and analysts are predicting that it will be 7.56 at the market close of one year from today.
Technical Analysis of Centene Corp. (CNC)
Now, what If we examine the latest scores posted by [Centene Corp., CNC]. During the last 5-days, its volume was better the volume of 3.09 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 43.65% While, its Average True Range was 2.06.
Raw Stochastic average of Centene Corp. (CNC) in the period of the previous 100 days is set at 42.21%, which indicates a major fall in contrast to 42.23% 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 34.99% that was higher than 24.43% volatility it exhibited in the past 100-days period.
