Centene Corp (NYSE: CNC) is -2.71% lower on its value in year-to-date trading and has touched a low of $55.03 and a high of $80.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNC stock was last observed hovering at around $59.34 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $58.94, the stock is 0.26% and -2.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.42 million and changing -0.67% at the moment leaves the stock -10.42% off its SMA200. CNC registered -23.63% loss for a year compared to 6-month loss of -22.05%. The firm has a 50-day simple moving average (SMA 50) of $60.24 and a 200-day simple moving average (SMA200) of $65.79335.
The stock witnessed a 0.02% gain in the last 1 month and extending the period to 3 months gives it a -1.29%, and is -1.21% 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 2.31% over the week and 3.20% over the month.
Centene Corp (CNC) has around 60500 employees, a market worth around $29.24B and $163.07B in sales. Current P/E ratio is 9.44 and Fwd P/E is 7.30. Profit margin for the company is 2.03%. Distance from 52-week low is 7.11% and -26.86% from its 52-week high. The company has generated returns on investments over the last 12 months (7.25%).
with sales reaching $43.16B over the same period.The EPS is expected to grow by 1.65% this year, but quarterly earnings will post 5.27% year-over-year. Quarterly sales are estimated to grow 6.82% in year-over-year returns.
Centene Corp (CNC) Top Institutional Holders
1278.0 institutions hold shares in Centene Corp (CNC), with institutional investors hold 99.31% of the company’s shares. The shares outstanding are 495.91M, and float is at 489.96M with Short Float at 1.24%. Institutions hold 98.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 60.72 million shares valued at $4.03 billion. The investor’s holdings represent 11.3467% of the CNC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 47.44 million shares valued at $3.15 billion to account for 8.9578 of the shares outstanding. The other top investors are FMR LLC which holds 35.08 million shares representing 6.6239% and valued at over $2.33 billion, while CAPITAL WORLD INVESTORS holds 5.0295 of the shares totaling 26.64 million with a market value of $1.77 billion.
Centene Corp (CNC) Insider Activity
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Centene Corp disclosed in a document filed with the SEC on Dec 18 ’24 that Greco Thomas (Director) bought a total of 17,000 shares of the company’s common stock. The trade occurred on Dec 18 ’24 and was made at $59.75 per share for $1.02 million. Following the transaction, the insider now directly holds 19309.0 shares of the CNC stock.
Still, SEC filings show that on Dec 16 ’24, Dallas H James (Director) acquired 1,693 shares at an average price of $59.01 for $99904.0. The insider now directly holds 1,693 shares of Centene Corp (CNC).
