The price-to-earnings ratio for Centene Corp. (NYSE: CNC) is above average at 12.89x, Company’s 36-month beta value is 0.47.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for CNC is 520.45M, and currently, short sellers hold a 1.55% ratio of that floaft. The average trading volume of CNC on October 25, 2024 was 4.51M shares.
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CNC) stock’s latest price update
The stock price of Centene Corp. (NYSE: CNC) has jumped by 10.27 compared to previous close of 61.62. Despite this, the company has seen a gain of 9.56% in its stock price over the last five trading days. zacks.com reported 2024-10-25 that While the top- and bottom-line numbers for Centene (CNC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CNC’s Market Performance
Centene Corp. (CNC) has experienced a 9.56% rise in stock performance for the past week, with a -7.80% drop in the past month, and a -7.53% drop in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.03% for CNC. The simple moving average for the past 20 days is -0.97% for CNC’s stock, with a -7.80% simple moving average for the past 200 days.
Analysts’ Opinion of CNC
Many brokerage firms have already submitted their reports for CNC stocks, with Jefferies repeating the rating for CNC by listing it as a “Hold.” The predicted price for CNC in the upcoming period, according to Jefferies is $69 based on the research report published on July 24, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see CNC reach a price target of $83. The rating they have provided for CNC stocks is “Neutral” according to the report published on May 30th, 2024.
Stephens gave a rating of “Equal-Weight” to CNC, setting the target price at $85 in the report published on March 21st of the current year.
CNC Trading at -6.85% 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 -16.54% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -8.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.88% lower at present.
During the last 5 trading sessions, CNC rose by +10.29%, which changed the moving average for the period of 200-days by -12.77% in comparison to the 20-day moving average, which settled at $68.64. In addition, Centene Corp. saw -8.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNC starting from COUGHLIN CHRISTOPHER J, who sale 878 shares at the price of $76.75 back on May 14 ’24. After this action, COUGHLIN CHRISTOPHER J now owns 0 shares of Centene Corp., valued at $67,382 using the latest closing price.
FASOLA KENNETH J, the President of Centene Corp., sale 8,000 shares at $77.62 during a trade that took place back on May 13 ’24, which means that FASOLA KENNETH J is holding 300,357 shares at $620,960 based on the most recent closing price.
Stock Fundamentals for CNC
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.16 for the gross margin
The net margin for Centene Corp. stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 10.65, with 3.40 for asset returns.
Based on Centene Corp. (CNC), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is -287.6.
Currently, EBITDA for the company is 2.93 billion with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. The receivables turnover for the company is 9.51for trailing twelve months and the total asset turnover is 1.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In a nutshell, Centene Corp. (CNC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
