Centene Corporation (NYSE:CNC) went up by 5.31% from its latest closing price compared to the recent 1-year high of $75.59. The company’s stock price has collected -2.28% of loss in the last five trading sessions. Press Release reported on 09/07/21 that Lance Neill Joins Elixir as New Chief Operating Officer
Is It Worth Investing in Centene Corporation (NYSE :CNC) Right Now?
Centene Corporation (NYSE:CNC) scored a price-to-earnings ratio above its average ratio, recording 51.85 x from its present earnings ratio. Plus, the 36-month beta value for CNC is at 0.46.
The average price from analysts is $84.00, which is $21.27 above the current price. CNC currently public float of 576.14M and currently shorts hold a 1.96% ratio of that float. Today, the average trading volume of CNC was 3.36M shares.
CNC’s Market Performance
CNC stocks went down by -2.28% for the week, with a monthly drop of -0.33% and a quarterly performance of -8.55%, while its annual performance rate touched 11.45%. The volatility ratio for the week stands at 3.54% while the volatility levels for the past 30 days are set at 2.30% for Centene Corporation. The simple moving average for the period of the last 20 days is -1.03% for CNC stocks with a simple moving average of -3.86% for the last 200 days.
Analysts’ Opinion of CNC
Many brokerage firms have already submitted their reports for CNC stocks, with Cowen repeating the rating for CNC by listing it as a “Outperform.” The predicted price for CNC in the upcoming period, according to Cowen is $87 based on the research report published on September 10th of the current year 2021.
Seaport Global Securities, on the other hand, stated in their research note that they expect to see CNC reach a price target of $90. The rating they have provided for CNC stocks is “Buy” according to the report published on July 09th, 2021.
Wells Fargo gave a rating of “Overweight” to CNC, setting the target price at $87 in the report published on May 19th of the current year.
CNC Trading at -7.39% from the 50-Day Moving Average
After a stumble in the market that brought CNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.79% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares sank -0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.61% lower at present.
During the last 5 trading sessions, CNC fell by -2.28%, which changed the moving average for the period of 200-days by -0.77% in comparison to the 20-day moving average, which settled at $63.54. In addition, Centene Corporation saw 4.78% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CNC starting from AYALA ORLANDO, who sale 9,366 shares at the price of $70.00 back on Jul 29. After this action, AYALA ORLANDO now owns 90,895 shares of Centene Corporation, valued at $655,620 using the latest closing price.
LAYTON BRENT D, the EVP, Pres. HP, Products & Intl of Centene Corporation, sale 4,000 shares at $70.00 during a trade that took place back on Jul 29, which means that LAYTON BRENT D is holding 426,662 shares at $280,000 based on the most recent closing price.
Stock Fundamentals for CNC
Current profitability levels for the company are sitting at:
- +3.36 for the present operating margin
The net margin for Centene Corporation stands at +1.63. The total capital return value is set at 10.45, while invested capital returns managed to touch 5.12. Equity return is now at value 2.80, with 1.00 for asset returns.
Based on Centene Corporation (CNC), the company’s capital structure generated 71.07 points at debt to equity in total, while total debt to capital is 41.54. Total debt to assets is 26.23, with long-term debt to equity ratio resting at 69.90. Finally, the long-term debt to capital ratio is 40.86.
When we switch over and look at the enterprise to sales, we see a ratio of 0.48, with the company’s debt to enterprise value settled at 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.