Ratio Revelations: Centene Corp. (CNC)’s Financial Metrics in the Spotlight

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Centene Corp. (NYSE: CNC) closed the day trading at $66.39 down -2.65% from the previous closing price of $68.20. In other words, the price has decreased by -$2.65 from its previous closing price. On the day, 3.88 million shares were traded. CNC stock price reached its highest trading level at $68.82 during the session, while it also had its lowest trading level at $66.04.

Ratios:

For a better understanding of CNC, let’s 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 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:

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 35429421056 and an Enterprise Value of 33868421120. As of this moment, Centene’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.19, and their Forward P/E ratio for the next fiscal year is 8.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.05. 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 0.237 whereas that against EBITDA is 5.522.

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 -9.69%, while the 200-Day Moving Average is calculated to be -9.71%.

Shares Statistics:

Over the past 3-months, CNC traded about 3.50M shares per day on average, while over the past 10 days, CNC traded about 3258970 shares per day. A total of 534.48M shares are outstanding, with a floating share count of 528.07M. Insiders hold about 1.05% of the company’s shares, while institutions hold 98.37% stake in the company. Shares short for CNC as of 1715731200 were 9494242 with a Short Ratio of 3.72, compared to 1713139200 on 7586431. Therefore, it implies a Short% of Shares Outstanding of 9494242 and a Short% of Float of 2.01.

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