Centene Corp (NYSE: CNC) is -1.32% 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 $60.16 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $59.78, the stock is -1.85% and -0.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.62 million and changing -0.63% at the moment leaves the stock -7.84% off its SMA200. CNC registered -17.26% loss for a year compared to 6-month gain of -3.24%.
The stock witnessed a -7.02% loss in the last 1 month and extending the period to 3 months gives it a -7.78%, and is 0.52% up 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 2.48% over the week and 3.86% over the month.
Centene Corp (CNC) has around 60500 employees, a market worth around $29.75B and $169.28B in sales. Current P/E ratio is 8.90 and Fwd P/E is 7.45. Profit margin for the company is 2.04%. Distance from 52-week low is 8.63% and -25.82% from its 52-week high. The company has generated returns on investments over the last 12 months (7.47%).
with sales reaching $44.35B over the same period.The EPS is expected to grow by 1.81% this year, but quarterly earnings will post 8.75% year-over-year. Quarterly sales are estimated to grow 11.34% in year-over-year returns.
Centene Corp (CNC) Top Institutional Holders
The shares outstanding are 497.52M, and float is at 491.83M with Short Float at 2.15%.
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 11.4647% 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).
