Centene Corp (NYSE: CNC) is -56.25% lower on its value in year-to-date trading and has touched a low of $26.66 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 $26.76 in the last trading session, with the day’s gains setting it 1.63%.
Currently trading at $28.39, the stock is -16.84% and -40.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 63.41 million and changing 6.09% at the moment leaves the stock -50.78% off its SMA200. CNC registered -53.14% loss for a year compared to 6-month loss of -56.40%. The firm has a 50-day simple moving average (SMA 50) of $47.507 and a 200-day simple moving average (SMA200) of $57.6841.
The stock witnessed a -46.94% gain in the last 1 month and extending the period to 3 months gives it a -53.90%, and is 1.57% 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 6.16% over the week and 4.54% over the month.
Centene Corp (CNC) has around 60500 employees, a market worth around $14.13B and $178.19B in sales. Current P/E ratio is 7.02 and Fwd P/E is 6.18. Profit margin for the company is 1.15%. Distance from 52-week low is 6.49% and -64.77% from its 52-week high. The company has generated returns on investments over the last 12 months (4.57%).
The EPS is expected to shrink by -60.62% this year.
Centene Corp (CNC) Top Institutional Holders
1286.0 institutions hold shares in Centene Corp (CNC), with institutional investors hold 100.17% of the company’s shares. The shares outstanding are 497.60M, and float is at 491.78M with Short Float at 2.73%. Institutions hold 99.70% 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 11.4647% 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).
