On Friday, Centene Corp (NYSE: CNC) was -2.08% drop from the session before settling in for the closing price of $58.68. A 52-week range for CNC has been $57.56 – $81.42.
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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%. When this article was written, the company’s average yearly earnings per share was at 0.58%. With a float of $499.37 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) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Centene Corp stocks. The insider ownership of Centene Corp is 1.09%, while institutional ownership is 98.35%. The most recent insider transaction that took place on Nov 13 ’24, was worth 1,000,008. In this transaction Chief Financial Officer of this company bought 17,200 shares at a rate of $58.14, taking the stock ownership to the 486,847 shares. Before that another transaction happened on Nov 08 ’24, when Company’s Chief Executive Officer bought 4,117 for $60.80, making the entire transaction worth $250,314. This insider now owns 667,229 shares in total.
Centene Corp (CNC) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.45 earnings per share (EPS) during the time that was better than consensus figure (set at 0.44) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.46 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
You can see what Centene Corp (CNC) is doing with its current performance indicators. 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 115.94.
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 4.0 million, its volume of 6.7 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 7.72%. Additionally, its Average True Range was 2.24.
During the past 100 days, Centene Corp’s (CNC) raw stochastic average was set at 0.90%, which indicates a significant decrease from 2.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.12% in the past 14 days, which was lower than the 37.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.06, while its 200-day Moving Average is $72.57. Nevertheless, the first resistance level for the watch stands at $58.69 in the near term. At $59.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $60.64. If the price goes on to break the first support level at $56.74, it is likely to go to the next support level at $56.02. Now, if the price goes above the second support level, the third support stands at $54.79.
Centene Corp (NYSE: CNC) Key Stats
There are 504,865K outstanding shares of the company, which has a market capitalization of 28.41 billion. As of now, sales total 153,999 M while income totals 2,702 M. Its latest quarter income was 42,023 M while its last quarter net income were 713,000 K.
