Centene Corp (NYSE: CNC) on Friday, plunged -0.22% from the previous trading day, before settling in for the closing price of $59.71. Within the past 52 weeks, CNC’s price has moved between $55.03 and $81.42.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 21.54%. The company achieved an average annual earnings per share of 2.23%. With a float of $499.37 million, this company’s outstanding shares have now reached $510.08 million.
The extent of productivity of a business whose workforce counts for 76000 workers is very important to gauge. 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 Updates
Observing investor behavior towards Healthcare Plans industry stocks is more important than anything else. The insider ownership of Centene Corp is 1.09%, while institutional ownership is 98.28%. The most recent insider transaction that took place on Dec 18 ’24, was worth 1,015,750. In this transaction Director of this company bought 17,000 shares at a rate of $59.75, taking the stock ownership to the 19,309 shares. Before that another transaction happened on Dec 16 ’24, when Company’s Director bought 1,693 for $59.01, making the entire transaction worth $99,904. This insider now owns 1,693 shares in total.
Centene Corp (CNC) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.23% 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
Centene Corp (CNC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.19. Likewise, its price to free cash flow for the trailing twelve months is 122.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.77, a number that is poised to hit 0.51 in the next quarter and is forecasted to reach 7.23 in one year’s time.
Technical Analysis of Centene Corp (CNC)
The latest stats from [Centene Corp, CNC] show that its last 5-days average volume of 12.36 million was superior to 4.27 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 84.13%. Additionally, its Average True Range was 1.97.
During the past 100 days, Centene Corp’s (CNC) raw stochastic average was set at 17.80%, which indicates a significant decrease from 80.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.18% in the past 14 days, which was lower than the 34.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $61.00, while its 200-day Moving Average is $70.31. Now, the first resistance to watch is $60.52. This is followed by the second major resistance level at $61.46. The third major resistance level sits at $62.23. If the price goes on to break the first support level at $58.82, it is likely to go to the next support level at $58.05. Assuming the price breaks the second support level, the third support level stands at $57.11.
Centene Corp (NYSE: CNC) Key Stats
Market capitalization of the company is 30.01 billion based on 504,865K outstanding shares. Right now, sales total 153,999 M and income totals 2,702 M. The company made 42,023 M in profit during its latest quarter, and 713,000 K in sales during its previous quarter.
