Centene Corp (CNC) volume exceeds 7.23 million: A new investment opportunity for investors

On Tuesday, Centene Corp (NYSE: CNC) was -2.30% drop from the session before settling in for the closing price of $59.17. A 52-week range for CNC has been $55.03 – $81.42.

During the last 5-year period, the sales growth of Healthcare Sector giant was 21.54%. When this article was written, the company’s average yearly earnings per share was at 0.66%. With a float of $499.37 million, this company’s outstanding shares have now reached $510.08 million.

Let’s determine the extent of company efficiency that accounts for 76000 employees. 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 98.27%. The most recent insider transaction that took place on Dec 16 ’24, was worth 99,904. In this transaction Director of this company bought 1,693 shares at a rate of $59.01, taking the stock ownership to the 1,693 shares. Before that another transaction happened on Dec 16 ’24, when Company’s Director bought 250 for $59.48, making the entire transaction worth $14,870. This insider now owns 250 shares in total.

Centene Corp (CNC) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.23 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

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 119.13.

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 7.13 in one year’s time.

Technical Analysis of Centene Corp (CNC)

Looking closely at Centene Corp (NYSE: CNC), its last 5-days average volume was 6.6 million, which is a jump from its year-to-date volume of 4.12 million. As of the previous 9 days, the stock’s Stochastic %D was 70.69%. Additionally, its Average True Range was 1.98.

During the past 100 days, Centene Corp’s (CNC) raw stochastic average was set at 10.88%, which indicates a significant decrease from 49.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.42% in the past 14 days, which was lower than the 35.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $61.73, while its 200-day Moving Average is $70.59. However, in the short run, Centene Corp’s stock first resistance to watch stands at $59.29. Second resistance stands at $60.77. The third major resistance level sits at $61.75. If the price goes on to break the first support level at $56.84, it is likely to go to the next support level at $55.86. Now, if the price goes above the second support level, the third support stands at $54.38.

Centene Corp (NYSE: CNC) Key Stats

There are 504,865K outstanding shares of the company, which has a market capitalization of 29.19 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.