Post-Trade Analysis: Centene Corp. (CNC) Climbs 0.18, Closing at 77.79

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After finishing at $77.65 in the prior trading day, Centene Corp. (NYSE: CNC) closed at $77.79, up 0.18%. In other words, the price has increased by $0.18 from its previous closing price. On the day, 3.03 million shares were traded. CNC stock price reached its highest trading level at $78.58 during the session, while it also had its lowest trading level at $77.595.


Our goal is to gain a better understanding of CNC by taking a closer look at its different 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 the company, Stephens on March 21, 2024, Downgraded its rating to Equal-Weight and sets its target price to $85 from $92 previously.

On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $101.

Wells Fargo Upgraded its Equal Weight to Overweight on January 02, 2024, whereas the target price for the stock was revised from $82 to $90.

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 Feb 13 ’24 when Robinson Lori Jean sold 10,000 shares for $77.41 per share. The transaction valued at 774,100 led to the insider holds 11,455 shares of the business.

FASOLA KENNETH J sold 12,000 shares of CNC for $900,817 on Feb 07 ’24. The President now owns 235,365 shares after completing the transaction at $75.07 per share.

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 41513099264 and an Enterprise Value of 39952101376. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.45, and their Forward P/E ratio for the next fiscal year is 10.24. 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 0.27 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 0.28 whereas that against EBITDA is 6.514.

Stock Price History:

The Beta on a monthly basis for CNC is 0.48, which has changed by 0.15741706 over the last 52 weeks, in comparison to a change of 0.26265144 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 $60.83. The 50-Day Moving Average of the stock is 3.06%, while the 200-Day Moving Average is calculated to be 7.21%.

Shares Statistics:

The stock has traded on average 3.21M shares per day over the past 3-months and 3818070 shares per day over the last 10 days, according to various share statistics. A total of 534.48M shares are outstanding, with a floating share count of 528.08M. Insiders hold about 1.04% of the company’s shares, while institutions hold 95.06% stake in the company. Shares short for CNC as of 1714435200 were 7577736 with a Short Ratio of 2.36, compared to 1711584000 on 8199248. Therefore, it implies a Short% of Shares Outstanding of 7577736 and a Short% of Float of 1.6099999999999999.

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