Centene Corp (CNC) concluded trading on Thursday at a closing price of $62.87, with 3.54 million shares of worth about $222.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.27% during that period and on January 16, 2025 the price saw a loss of about -0.44%. Currently the company’s common shares owned by public are about 510.08M shares, out of which, 499.34M shares are available for trading.
Stock saw a price change of -0.47% in past 5 days and over the past one month there was a price change of 5.81%. Year-to-date (YTD), CNC shares are showing a performance of 3.78% which decreased to -20.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $55.03 but also hit the highest price of $81.42 during that period. The average intraday trading volume for Centene Corp shares is 6.36 million. The stock is currently trading 2.60% above its 20-day simple moving average (SMA20), while that difference is up 4.32% for SMA50 and it goes to -8.97% lower than SMA200.
Centene Corp (NYSE: CNC) currently have 510.08M outstanding shares and institutions hold larger chunk of about 98.56% of that.
The stock has a current market capitalization of $31.74B and its 3Y-monthly beta is at 0.45. PE ratio of stock for trailing 12 months is 10.90, while it has posted earnings per share of $5.77 in the same period. Its PEG reads 1.02 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 3.21% while standing at 2.64% over the month.
Stock’s fiscal year EPS is expected to rise by 2.23% while it is estimated to increase by 5.81% in next year. EPS is likely to shrink at an annualized rate of 10.68% 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 JP Morgan on December 17, 2024 offering an Overweight rating for the stock and assigned a target price range of between $80 and $75 to it. Coverage by UBS stated Centene Corp (CNC) stock as a Buy in their note to investors on December 13, 2024, suggesting a price target of $80 for the stock. On December 10, 2024, Jefferies Downgrade their recommendations, while on July 24, 2024, Jefferies Downgrade their ratings for the stock with a price target of $69. Stock get a Neutral rating from Robert W. Baird on May 30, 2024.
