Centene Corporation (NYSE:CNC) saw a downside of -0.10% to close Tuesday at $63.04 after subtracting -$0.06 on the day. The 5-day average trading volume is 2,684,560 shares of the company’s common stock. It has gained $64.62 in the past week. An average of 3,421,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,262,152.
CNC’s 1-month performance is 0.22% or $3.31 on its low of $59.84 reached on 09/13/21. The company’s shares have touched a 52-week low of $57.16 and high of $75.59, with the stock’s rally to the 52-week high happening on 07/13/21. YTD, CNC has achieved 5.01% or $3.01. However, the current price is down -16.60%% from the 52-week high price.
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On Jul 29, 76 days have gone by since the last insider trading activity for Centene Corporation (CNC). AYALA ORLANDO (Director) most recently sold 9,366 shares at $70.00 per share on Jul 29. This transaction cost the insider $655,620. EVP, Pres. HP, Products & Intl, LAYTON BRENT D, sold 4,000 shares at a price of $70.00 on Jul 29. Then, on Jun 15, Director AYALA ORLANDO sold 30,000 shares at a price of $69.01 per share. This transaction amounted to $2,070,300.
The company’s PE ratio for the last five years has touched a high of 61.23 and a low of 13.25. CNC stock has a beta of 0.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.31 while the price-to-book (PB) in the most recent quarter is 1.42, with the price to cash flow ratio at 12.77.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.64, while the total debt to equity was 0.65 while for the period ending June 29; Centene Corporation’s operating margin was 1.30%. The firm’s gross profit as reported stood at $15.22 billion against revenue of $111.11 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CNC to announce $1.39 per share in earnings in its latest quarter, but it posted $1.25, representing a -10.10% surprise. EBITDA for the quarter stood at more than -$62.0 million. CNC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 45.49 billion, with total debt at $18.31 billion. Shareholders hold equity totaling $583.04 million
Let’s look briefly at Centene Corporation (CNC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 48.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.47%.
The stock’s 5-day moving average is $63.50, reflecting a +0.53% or $0.33 change from its current price. CNC is currently trading +3.68% above its 20-day SMA, -12.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.34% and +8.65% respectively.
Stochastic %K and %D was 65.37% and 70.04% and the average true range (ATR) pointed at 1.52. The RSI (14) points at 47.97%, while the 14-day stochastic is at 54.39% with the period’s ATR at 1.56. The stock’s 9-day MACD Oscillator is pointing at 0.37 and 0.34 on the 14-day charts.
In the most recent analyst report for Centene Corporation (NYSE: CNC), Cowen launched coverage with an Outperform rating. Analysts offering their rating for CNC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CNC as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 15 have offered a “buy” rating.
What is CNC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $67.00 and a high of $93.00, with their median price target at $86.00. Looking at these predictions, the average price target given by analysts is for Centene Corporation (CNC) stock is $83.53.