Centene Corp (NYSE: CNC) kicked off on Monday, up 0.47% from the previous trading day, before settling in for the closing price of $63.52. Over the past 52 weeks, CNC has traded in a range of $59.77-$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. While this was happening, its average annual earnings per share was recorded 0.70%. With a float of $499.60 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 12.97%, operating margin of 1.74%, and the pretax margin is 2.43%.
Centene Corp (CNC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Healthcare Plans Industry. The insider ownership of Centene Corp is 1.04%, while institutional ownership is 102.85%. 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
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.45 earnings per share (EPS), higher than consensus estimate (set at 0.43) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.36% during the next five years compared to 17.00% growth over the previous five years of trading.
Centene Corp (NYSE: CNC) Trading Performance Indicators
Take a look at Centene Corp’s (CNC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20. Likewise, its price to free cash flow for the trailing twelve months is 134.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.77, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 7.18 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 6.34 million. That was better than the volume of 3.88 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 33.17%. Additionally, its Average True Range was 2.21.
During the past 100 days, Centene Corp’s (CNC) raw stochastic average was set at 19.45%, which indicates a significant decrease from 39.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.20% in the past 14 days, which was higher than the 36.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $70.95, while its 200-day Moving Average is $73.22. However, in the short run, Centene Corp’s stock first resistance to watch stands at $64.90. Second resistance stands at $65.99. The third major resistance level sits at $66.57. If the price goes on to break the first support level at $63.23, it is likely to go to the next support level at $62.65. The third support level lies at $61.56 if the price breaches the second support level.
Centene Corp (NYSE: CNC) Key Stats
The company with the Market Capitalisation of 32.87 billion has total of 504,865K Shares Outstanding. Its annual sales at the moment are 153,999 M in contrast with the sum of 2,702 M annual income. Company’s last quarter sales were recorded 42,023 M and last quarter income was 713,000 K.
