Centene Corp (NYSE: CNC) has a higher price-to-earnings ratio of 11.04x compared to its average ratio, The 36-month beta value for CNC is at 0.45. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CNC is 499.34M, and currently, shorts hold a 1.61% of that float. The average trading volume for CNC on January 22, 2025 was 6.18M shares.
CNC) stock’s latest price update
Centene Corp (NYSE: CNC) has experienced a rise in its stock price by 2.27 compared to its previous closing price of 62.25. However, the company has seen a fall of -0.06% in its stock price over the last five trading days. seekingalpha.com reported 2025-01-16 that Most publicly traded US health insurers are forecast to report sequential revenue and earnings declines for the fourth quarter of 2024, according to S&P Global Market Intelligence analysis of sell-side analyst forecasts. Coming off a challenging end to 2024, the upcoming earnings season is an opportunity for managed care companies to focus on 2025 expectations and Medicare Advantage growth, according to J.P. Morgan analyst Lisa Gill. UnitedHealth and Oscar Health are expected to log sequential and year-over-year revenue growth.
CNC’s Market Performance
Centene Corp (CNC) has experienced a -0.06% fall in stock performance for the past week, with a 10.12% rise in the past month, and a 1.05% rise in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.56% for CNC. The simple moving average for the past 20 days is 3.16% for CNC’s stock, with a -7.69% simple moving average for the past 200 days.
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 5.72% 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 -21.81% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares surge +7.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.76% lower at present.
During the last 5 trading sessions, CNC fell by -0.06%, which changed the moving average for the period of 200-days by -12.84% in comparison to the 20-day moving average, which settled at $61.71. In addition, Centene Corp saw 5.08% 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
In conclusion, Centene Corp (CNC) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
