Centene Corp. (CNC) concluded trading on Wednesday at a closing price of $78.17, with 3.1 million shares of worth about $242.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.28% during that period and on August 28, 2024 the price saw a gain of about 0.22%. Currently the company’s common shares owned by public are about 534.48M shares, out of which, 520.42M shares are available for trading.
Stock saw a price change of -0.29% in past 5 days and over the past one month there was a price change of 1.39%. Year-to-date (YTD), CNC shares are showing a performance of 5.34% which increased to 22.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.83 but also hit the highest price of $81.42 during that period. The average intraday trading volume for Centene Corp. shares is 3.87 million. The stock is currently trading 1.19% above its 20-day simple moving average (SMA20), while that difference is up 9.37% for SMA50 and it goes to 5.35% higher than SMA200.
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Centene Corp. (NYSE: CNC) currently have 534.48M outstanding shares and institutions hold larger chunk of about 102.82% of that.
The stock has a current market capitalization of $41.12B and its 3Y-monthly beta is at 0.48. PE ratio of stock for trailing 12 months is 14.83, while it has posted earnings per share of $5.27 in the same period. Its PEG reads 1.19 while making debt-to-equity ratio of 0.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNC, volatility over the week remained 1.47% while standing at 1.83% over the month.
Stock’s fiscal year EPS is expected to rise by 2.55% while it is estimated to increase by 8.72% in next year. EPS is likely to shrink at an annualized rate of 12.51% for next 5-years, compared to annual growth of 17.00% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on July 24, 2024 offering a Hold rating for the stock and assigned a target price range of between $83 and $69 to it. Coverage by Robert W. Baird stated Centene Corp. (CNC) stock as a Neutral in their note to investors on May 30, 2024, suggesting a price target of $83 for the stock. On March 21, 2024, Stephens Downgrade their recommendations, while on March 06, 2024, Barclays Initiated their ratings for the stock with a price target of $101. Stock get an Overweight rating from Wells Fargo on January 02, 2024.
