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Centene Corp. (NYSE: CNC) closed the day trading at $68.48 down -6.06% from the previous closing price of $72.90. In other words, the price has decreased by -$6.06 from its previous closing price. On the day, 6.83 million shares were traded. CNC stock price reached its highest trading level at $71.04 during the session, while it also had its lowest trading level at $68.41.
Ratios:
For a better understanding of CNC, let’s look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 36022538240 and an Enterprise Value of 33542535168. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.99, and their Forward P/E ratio for the next fiscal year is 9.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 0.233 whereas that against EBITDA is 5.342.
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 -8.71%, while the 200-Day Moving Average is calculated to be -7.77%.
Shares Statistics:
Over the past 3-months, CNC traded about 3.96M shares per day on average, while over the past 10 days, CNC traded about 4056670 shares per day. 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 99.92% stake in the company. Shares short for CNC as of 1727654400 were 7801358 with a Short Ratio of 1.97, compared to 1724976000 on 10123973. Therefore, it implies a Short% of Shares Outstanding of 7801358 and a Short% of Float of 1.68.
