Centene Corp (CNC) recent activity suggests a positive outlook with the last week’s performance of -2.61%

Centene Corp (NYSE: CNC) kicked off on Monday, up 3.05% from the previous trading day, before settling in for the closing price of $56.76. Over the past 52 weeks, CNC has traded in a range of $56.44-$81.42.

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 0.66%. With a float of $499.37 million, this company’s outstanding shares have now reached $510.08 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 1.09%, while institutional ownership is 98.27%. 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) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.33 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 0.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.68% 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 0.18. Likewise, its price to free cash flow for the trailing twelve months is 120.53.

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)

Let’s dig in a bit further. During the last 5-days, its volume was 4.93 million. That was better than the volume of 4.06 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.42%. Additionally, its Average True Range was 1.83.

During the past 100 days, Centene Corp’s (CNC) raw stochastic average was set at 8.49%, which indicates a significant decrease from 37.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.56% in the past 14 days, which was lower than the 37.14% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $63.52, while its 200-day Moving Average is $71.22. However, in the short run, Centene Corp’s stock first resistance to watch stands at $59.56. Second resistance stands at $60.64. The third major resistance level sits at $62.04. If the price goes on to break the first support level at $57.08, it is likely to go to the next support level at $55.68. The third support level lies at $54.60 if the price breaches the second support level.

Centene Corp (NYSE: CNC) Key Stats

The company with the Market Capitalisation of 29.53 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.