Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
Centene Corp (NYSE: CNC) closed the day trading at $61.29 down -5.45% from the previous closing price of $64.82. In other words, the price has decreased by -$5.45 from its previous closing price. On the day, 8.47 million shares were traded. CNC stock price reached its highest trading level at $63.04 during the session, while it also had its lowest trading level at $59.955.
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.
On December 13, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $79 to $80.
Jefferies Downgraded its Hold to Underperform on December 10, 2024, whereas the target price for the stock was revised from $68 to $52.
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 Dec 18 ’24 when Greco Thomas bought 17,000 shares for $59.75 per share. The transaction valued at 1,015,750 led to the insider holds 19,309 shares of the business.
Dallas H James bought 1,693 shares of CNC for $99,904 on Dec 16 ’24. The Director now owns 1,693 shares after completing the transaction at $59.01 per share. On Dec 16 ’24, another insider, BLUME JESSICA L., who serves as the Director of the company, bought 250 shares for $59.48 each. As a result, the insider paid 14,870 and bolstered with 250 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 30394140672 and an Enterprise Value of 32863348736. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.63, and their Forward P/E ratio for the next fiscal year is 7.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 0.225 whereas that against EBITDA is 5.552.
Stock Price History:
The Beta on a monthly basis for CNC is 0.38, which has changed by -0.13481045 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, CNC has reached a high of $81.42, while it has fallen to a 52-week low of $55.03. The 50-Day Moving Average of the stock is 0.22%, while the 200-Day Moving Average is calculated to be -10.61%.
Shares Statistics:
Over the past 3-months, CNC traded about 5.46M shares per day on average, while over the past 10 days, CNC traded about 3883250 shares per day. A total of 510.08M shares are outstanding, with a floating share count of 499.34M. Insiders hold about 1.09% of the company’s shares, while institutions hold 97.38% stake in the company. Shares short for CNC as of 1736899200 were 5623607 with a Short Ratio of 1.03, compared to 1734048000 on 19249343. Therefore, it implies a Short% of Shares Outstanding of 5623607 and a Short% of Float of 1.27.
Earnings Estimates
Current recommendations for the stock of the company come from 10.0 analysts. The consensus estimate for the next quarter is $2.31, with high estimates of $2.72 and low estimates of $1.82.
Analysts are recommending an EPS of between $8.0 and $7.25 for the fiscal current year, implying an average EPS of $7.34. EPS for the following year is $7.93, with 15.0 analysts recommending between $8.41 and $6.56.
Revenue Estimates
3 analysts predict $42.91B in revenue for the current quarter. It ranges from a high estimate of $43.49B to a low estimate of $42.54B. As of the current estimate, Centene Corp’s year-ago sales were $40.41BFor the next quarter, 3 analysts are estimating revenue of $43.33B. There is a high estimate of $43.7B for the next quarter, whereas the lowest estimate is $42.69B.
A total of 13 analysts have provided revenue estimates for CNC’s current fiscal year. The highest revenue estimate was $173.37B, while the lowest revenue estimate was $165.97B, resulting in an average revenue estimate of $169.54B. In the same quarter a year ago, actual revenue was $163.07BBased on 12 analysts’ estimates, the company’s revenue will be $172.67B in the next fiscal year. The high estimate is $181.88B and the low estimate is $164.68B.
