How Is Centene Corporation (CNC)’s Price-To-Earnings Ratio?


As of Wednesday close, Centene Corporation’s (NYSE:CNC) stock was up $0.67, moving up 0.81 percent to $83.63. The average number of shares traded per day over the past five days has been 2,952,480 shares. 4 times new highs have been achieved over the past 5 days, with a $4.12 gain in that time frame. In the last twenty days, the average volume was 3,423,465, while in the previous 50 days, it was 4,085,904.

Since last month, CNC stock retreated 0.00%. Shares of the company fell to $74.72 on 10/24/22, the lowest level in the past month. A 52-week high of $98.53 was reached on 08/15/22 after having rallying from a 52-week low of $69.51. Since the beginning of this year, CNC’s stock price has risen by 1.49% or $1.23, and marked a new high 17 times. However, the stock has declined by -15.12% since its 52-week high.

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CNC stock investors should be aware that Centene Corporation (CNC) stock had its last reported insider trading activity 119 days ago on Jul 29. BAGLEY SHANNON, the EVP, Chief Admin. Officer of the company, disposed of 9,000 shares for $92.21 on Jul 29. It resulted in a $829,890 divestment by the insider. Robinson Lori Jean sold 1,200 shares at an average price of $92.77 on Jul 28. The insider now owns 9,908 shares following the transaction. On Jul 08, Director GEPHARDT Richard A sold 4,480 shares at $88.00 apiece. The transaction was valued at $394,240.

Valuation Metrics

Right now, Centene Corporation (CNC) has a P/E ratio of about 24.41. The stock’s beta is 0.58. Besides these, the trailing price-to-sales (P/S) ratio of 0.33, the price-to-book (PB) ratio of 1.89, and the price-to-cash flow ratio of 6.19 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.71, and the total debt-to-equity ratio was 0.72. In the year ended September 29, operating margins totaled 1.60%. Based on annual data, CNC earned $14.2 billion in gross profit and brought in $125.98 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 7.60%.

In Centene Corporation’s quarter-end financial report for September 29, it reported total debt of $18.08 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CNC’s revenue rose 9.64% to $35.94 billion during the quarter, while net income inched up to $35.87 billion. While analysts expected Centene Corporation to report $1.24 quarterly earnings, the actual figure was $1.3 per share, beating the consensus estimate by 4.80%. During the quarter, the company generated $867.0 million in EBITDA. The liabilities of Centene Corporation were 55.64 billion at the end of its most recent quarter ended September 29, and its total debt was $21.56 billion. The value of shareholders’ equity is $566.26 million.

Technical Picture

This quick technical analysis looks at Centene Corporation’s (CNC) price momentum. With a historical volatility rate of 27.19%, the RSI 9-day stood at 58.29% on 23 November.

With respect to its five-day moving average, the current Centene Corporation price is up by +5.18% percent or $4.12. At present, CNC shares trade -1.38% below its 20-day simple moving average and -1.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.35% below its SMA50 and -2.38% below its SMA200.

Stochastic coefficient K was 54.73% and Stochastic coefficient D was 47.16%, while ATR was 2.30. Given the Stochastic reading of 66.47% for the 14-day period, the RSI (14) reading has been calculated as 55.48%. As of today, the MACD Oscillator reading stands at 1.17, while the 14-day reading stands at 0.57.


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