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As of close of business last night, Centene Corp.’s stock clocked out at $74.12, down -0.38% from its previous closing price of $74.40. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 3.24 million shares were traded. CNC stock price reached its highest trading level at $74.97 during the session, while it also had its lowest trading level at $73.925.
Ratios:
To gain a deeper understanding of CNC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.64.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on July 24, 2024, Downgraded its rating to Hold and sets its target price to $69 from $83 previously.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Neutral rating and target price of $83.
Stephens Downgraded its Overweight to Equal-Weight on March 21, 2024, whereas the target price for the stock was revised from $92 to $85.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 14 ’24 when COUGHLIN CHRISTOPHER J sold 878 shares for $76.75 per share. The transaction valued at 67,382 led to the insider holds 0 shares of the business.
FASOLA KENNETH J sold 8,000 shares of CNC for $620,960 on May 13 ’24. The President now owns 300,357 shares after completing the transaction at $77.62 per share. On Feb 13 ’24, another insider, Robinson Lori Jean, who serves as the Director of the company, sold 10,000 shares for $77.41 each. As a result, the insider received 774,100 and left with 11,455 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNC now has a Market Capitalization of 38989344768 and an Enterprise Value of 36509343744. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.06, and their Forward P/E ratio for the next fiscal year is 10.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 0.253 whereas that against EBITDA is 5.815.
Stock Price History:
Over the past 52 weeks, CNC has reached a high of $81.42, while it has fallen to a 52-week low of $63.45. The 50-Day Moving Average of the stock is -0.62%, while the 200-Day Moving Average is calculated to be -0.34%.
Shares Statistics:
It appears that CNC traded 4.01M shares on average per day over the past three months and 4112770 shares per day over the past ten days. A total of 534.48M shares are outstanding, with a floating share count of 520.47M. Insiders hold about 1.06% of the company’s shares, while institutions hold 99.97% stake in the company. Shares short for CNC as of 1724976000 were 10123973 with a Short Ratio of 2.40, compared to 1722384000 on 10448477. Therefore, it implies a Short% of Shares Outstanding of 10123973 and a Short% of Float of 2.18.
