Centene Corp. (NYSE: CNC) is 2.41% higher on its value in year-to-date trading and has touched a low of $60.83 and a high of $81.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNC stock was last observed hovering at around $75.52 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $76.00, the stock is 6.52% and 9.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 0.64% at the moment leaves the stock 3.16% off its SMA200. CNC registered 15.50% gain for a year compared to 6-month loss of -0.65%.
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The stock witnessed a 13.01% gain in the last 1 month and extending the period to 3 months gives it a -2.12%, and is -2.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.35% over the week and 3.05% over the month.
Centene Corp. (CNC) has around 76000 employees, a market worth around $39.98B and $157.75B in sales. Current P/E ratio is 14.42 and Fwd P/E is 10.25. Profit margin for the company is 1.79%. Distance from 52-week low is 24.94% and -6.65% from its 52-week high. The company has generated returns on investments over the last 12 months (6.29%).
with sales reaching $37.44B over the same period.The EPS is expected to grow by 2.41% this year, but quarterly earnings will post 1.30% year-over-year. Quarterly sales are estimated to grow 3.50% in year-over-year returns.
Centene Corp. (CNC) Top Institutional Holders
The shares outstanding are 534.48M, and float is at 520.80M with Short Float at 2.01%.
Centene Corp. (CNC) Insider Activity
The most recent transaction is an insider sale by COUGHLIN CHRISTOPHER J,the company’sDirector. SEC filings show that COUGHLIN CHRISTOPHER J sold 878 shares of the company’s common stock on May 14 ’24 at a price of $76.75 per share for a total of $67382.0. Following the sale, the insider now owns 0.0 shares.
Centene Corp. disclosed in a document filed with the SEC on May 13 ’24 that FASOLA KENNETH J (President) sold a total of 8,000 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $77.62 per share for $0.62 million. Following the transaction, the insider now directly holds 0.3 million shares of the CNC stock.
Still, SEC filings show that on Feb 13 ’24, Robinson Lori Jean (Director) disposed off 10,000 shares at an average price of $77.41 for $0.77 million. The insider now directly holds 11,455 shares of Centene Corp. (CNC).
