On Tuesday, Centene Corp (NYSE: CNC) opened lower -1.64% from the last session, before settling in for the closing price of $56.86. Price fluctuations for CNC have ranged from $55.03 to $81.42 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 17.88% annually for the last half of the decade. Company’s average yearly earnings per share was noted 1.68% at the time writing. With a float of $499.31 million, this company’s outstanding shares have now reached $504.87 million.
In an organization with 76000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 13.13%, operating margin of 1.95%, and the pretax margin is 2.61%.
Centene Corp (CNC) Insider and Institutional Ownership
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 1.10%, while institutional ownership is 95.65%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 1.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.30% during the next five years compared to 14.96% 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 0.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.24, a number that is poised to hit 2.22 in the next quarter and is forecasted to reach 8.07 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 4.69 million. That was better than the volume of 4.44 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 18.26%. Additionally, its Average True Range was 1.88.
During the past 100 days, Centene Corp’s (CNC) raw stochastic average was set at 4.42%, which indicates a significant decrease from 6.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.48% in the past 14 days, which was lower than the 33.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.76, while its 200-day Moving Average is $67.80. However, in the short run, Centene Corp’s stock first resistance to watch stands at $56.77. Second resistance stands at $57.62. The third major resistance level sits at $58.14. If the price goes on to break the first support level at $55.40, it is likely to go to the next support level at $54.88. The third support level lies at $54.03 if the price breaches the second support level.
Centene Corp (NYSE: CNC) Key Stats
There are currently 504,865K shares outstanding in the company with a market cap of 28.24 billion. Presently, the company’s annual sales total 163,071 M according to its annual income of 3,305 M. Last quarter, the company’s sales amounted to 40,805 M and its income totaled 283,000 K.
