The stock of Centene Corp (CNC) has seen a 3.61% increase in the past week, with a 12.33% gain in the past month, and a -11.06% decrease in the past quarter. The volatility ratio for the week is 3.35%, and the volatility levels for the past 30 days are at 2.80% for CNC. The simple moving average for the last 20 days is 5.05% for CNC stock, with a simple moving average of -8.07% for the last 200 days.
Is It Worth Investing in Centene Corp (NYSE: CNC) Right Now?
The price-to-earnings ratio for Centene Corp (NYSE: CNC) is 11.05x, which is above its average ratio. Moreover, the 36-month beta value for CNC is 0.45. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CNC is 499.34M and currently, short sellers hold a 1.61% of that float. On January 14, 2025, CNC’s average trading volume was 6.42M shares.
CNC) stock’s latest price update
Centene Corp (NYSE: CNC)’s stock price has increased by 3.02 compared to its previous closing price of 61.83. However, the company has seen a 3.61% increase in its stock price over the last five trading sessions. zacks.com reported 2025-01-10 that Investors can see insider buys as an overall net positive concerning the longer-term outlook. Recently, these three companies have seen their insiders get busy.
Analysts’ Opinion of CNC
Many brokerage firms have already submitted their reports for CNC stocks, with JP Morgan repeating the rating for CNC by listing it as a “Overweight.” The predicted price for CNC in the upcoming period, according to JP Morgan is $75 based on the research report published on December 17, 2024 of the previous year 2024.
UBS, on the other hand, stated in their research note that they expect to see CNC reach a price target of $80, previously predicting the price at $79. The rating they have provided for CNC stocks is “Buy” according to the report published on December 13th, 2024.
Jefferies gave a rating of “Underperform” to CNC, setting the target price at $52 in the report published on December 10th of the previous year.
CNC Trading at 5.76% 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 -21.76% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares surge +11.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.08% upper at present.
During the last 5 trading sessions, CNC rose by +3.61%, which changed the moving average for the period of 200-days by -17.87% in comparison to the 20-day moving average, which settled at $60.63. In addition, Centene Corp saw 5.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNC starting from Greco Thomas, who purchase 17,000 shares at the price of $59.75 back on Dec 18 ’24. After this action, Greco Thomas now owns 19,309 shares of Centene Corp, valued at $1,015,750 using the latest closing price.
Dallas H James, the Director of Centene Corp, purchase 1,693 shares at $59.01 during a trade that took place back on Dec 16 ’24, which means that Dallas H James is holding 1,693 shares at $99,904 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
- 0.13 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 11.66, with 3.68 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 0.05. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 3.94.
Currently, EBITDA for the company is 5.62 billion with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
To wrap up, the performance of Centene Corp (CNC) has been mixed in recent times. The stock has received a bullish of “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.
