On Tuesday, Centene Corp (NYSE: CNC) opened lower -3.54% from the last session, before settling in for the closing price of $60.75. Price fluctuations for CNC have ranged from $59.77 to $81.42 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 21.54%. Company’s average yearly earnings per share was noted 0.58% at the time writing. With a float of $499.60 million, this company’s outstanding shares have now reached $534.48 million.
Considering the fact that the conglomerate employs 76000 people, you should pay attention to its efficiency factor. 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 Activity
A key investor’s attitude towards the stock of the Healthcare Plans industry is another important factor to consider. The insider ownership of Centene Corp is 1.04%, while institutional ownership is 102.37%. The most recent insider transaction that took place on Nov 08 ’24, was worth 250,314. In this transaction Chief Executive Officer of this company bought 4,117 shares at a rate of $60.80, taking the stock ownership to the 667,229 shares. Before that another transaction happened on May 14 ’24, when Company’s Director sold 878 for $76.75, making the entire transaction worth $67,382. This insider now owns 0 shares in total.
Centene Corp (CNC) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.45 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.43) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.58% 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
Check out the current performance indicators for Centene Corp (CNC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18. Likewise, its price to free cash flow for the trailing twelve months is 120.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.77, a number that is poised to hit 0.46 in the next quarter and is forecasted to reach 7.12 in one year’s time.
Technical Analysis of Centene Corp (CNC)
Compared to the last year’s volume of 3.96 million, its volume of 6.85 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 6.42%. Additionally, its Average True Range was 2.35.
During the past 100 days, Centene Corp’s (CNC) raw stochastic average was set at 0.18%, which indicates a significant decrease from 0.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.80% in the past 14 days, which was higher than the 37.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.91, while its 200-day Moving Average is $72.83. Nevertheless, the first resistance level for the watch stands at $60.38 in the near term. At $62.16, the stock is likely to face the second major resistance level. The third major resistance level sits at $63.07. If the price goes on to break the first support level at $57.69, it is likely to go to the next support level at $56.78. Should the price break the second support level, the third support level stands at $55.00.
Centene Corp (NYSE: CNC) Key Stats
There are currently 504,865K shares outstanding in the company with a market cap of 29.59 billion. Presently, the company’s annual sales total 153,999 M according to its annual income of 2,702 M. Last quarter, the company’s sales amounted to 42,023 M and its income totaled 713,000 K.
