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In the latest session, Centene Corp. (NYSE: CNC) closed at $71.59 up 3.81% from its previous closing price of $68.96. In other words, the price has increased by $3.81 from its previous closing price. On the day, 6.99 million shares were traded. CNC stock price reached its highest trading level at $71.7 during the session, while it also had its lowest trading level at $69.205.
Ratios:
For a deeper understanding of Centene Corp.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.66.
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 this company, Robert W. Baird on May 30, 2024, initiated with a Neutral rating and assigned the stock a target price of $83.
On March 21, 2024, Stephens Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $92 to $85.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $101.Barclays initiated its Overweight rating on March 06, 2024, with a $101 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 38204432384 and an Enterprise Value of 36643434496. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.22, and their Forward P/E ratio for the next fiscal year is 9.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.14. 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 1.42. Its current Enterprise Value per Revenue stands at 0.257 whereas that against EBITDA is 5.975.
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 $60.83. The 50-Day Moving Average of the stock is -4.58%, while the 200-Day Moving Average is calculated to be -2.18%.
Shares Statistics:
For the past three months, CNC has traded an average of 3.44M shares per day and 4174350 over the past ten days. A total of 534.48M shares are outstanding, with a floating share count of 527.72M. Insiders hold about 1.11% of the company’s shares, while institutions hold 98.32% stake in the company. Shares short for CNC as of 1715731200 were 9494242 with a Short Ratio of 2.76, compared to 1713139200 on 7586431. Therefore, it implies a Short% of Shares Outstanding of 9494242 and a Short% of Float of 2.01.
