Centene Corp. (NYSE: CNC) on Friday, soared 0.69% from the previous trading day, before settling in for the closing price of $78.29. Within the past 52 weeks, CNC’s price has moved between $60.83 and $81.42.
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A company in the Healthcare sector has jumped its sales by 21.54% annually for the last half of the decade. The company achieved an average annual earnings per share of 2.55%. With a float of $520.42 million, this company’s outstanding shares have now reached $534.48 million.
In an organization with 76000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 15.62%, operating margin of 1.82%, and the pretax margin is 2.4%.
Centene Corp. (CNC) Insider and Institutional Ownership
Observing investor behavior towards Healthcare Plans industry stocks is more important than anything else. The insider ownership of Centene Corp. is 1.07%, while institutional ownership is 102.84%. The most recent insider transaction that took place on May 14 ’24, was worth 67,382. In this transaction Director of this company sold 878 shares at a rate of $76.75, taking the stock ownership to the 0 shares. Before that another transaction happened on May 13 ’24, when Company’s President sold 8,000 for $77.62, making the entire transaction worth $620,960. This insider now owns 300,357 shares in total.
Centene Corp. (CNC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 2.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.51% during the next five years compared to 17.00% growth over the previous five years of trading.
Centene Corp. (NYSE: CNC) Trading Performance Indicators
Centene Corp. (CNC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.26. Likewise, its price to free cash flow for the trailing twelve months is 18.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.27, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 7.45 in one year’s time.
Technical Analysis of Centene Corp. (CNC)
Let’s dig in a bit further. During the last 5-days, its volume was 2.64 million. That was inferior than the volume of 3.44 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 59.57%. Additionally, its Average True Range was 1.43.
During the past 100 days, Centene Corp.’s (CNC) raw stochastic average was set at 97.71%, which indicates a significant increase from 89.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.80% in the past 14 days, which was lower than the 27.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $72.14, while its 200-day Moving Average is $74.30. However, in the short run, Centene Corp.’s stock first resistance to watch stands at $79.25. Second resistance stands at $79.67. The third major resistance level sits at $80.34. If the price goes on to break the first support level at $78.16, it is likely to go to the next support level at $77.49. The third support level lies at $77.07 if the price breaches the second support level.
Centene Corp. (NYSE: CNC) Key Stats
Market capitalization of the company is 41.47 billion based on 533,656K outstanding shares. Right now, sales total 153,999 M and income totals 2,702 M. The company made 39,836 M in profit during its latest quarter, and 1,146 M in sales during its previous quarter.
