Centene Corp. [NYSE: CNC] traded at a low on Monday, posting a -0.82 loss after which it closed the day’ session at $71.49.
The results of the trading session contributed to over 5182244 shares changing hands. Over the past one week, the price volatility of Centene Corp. stands at 1.77% while the volatility over the past one month is 1.83%.
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The market cap for CNC stock reached $37.61 billion, with 534.48 million shares outstanding and 520.47 million shares in the current float. Compared to the average trading volume of 3.92M shares, CNC reached a trading volume of 5182244 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Centene Corp. [CNC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNC shares is $86.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNC stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Centene Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 24, 2024. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Neutral. The new note on the price target was released on May 30, 2024, representing the official price target for Centene Corp. stock. Previously, the target price had yet another drop from $92 to $85, while Stephens kept a Equal-Weight rating on CNC stock.
The Average True Range (ATR) for Centene Corp. is set at 1.50, with the Price to Sales ratio for CNC stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 1.37. Price to Free Cash Flow for CNC in the course of the last twelve months was 16.63.
How has CNC stock performed recently?
Centene Corp. [CNC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.03. With this latest performance, CNC shares gained by 0.93% in over the last four-week period, additionally sinking by -2.04% over the last 6 months – not to mention a rise of 3.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNC stock in for the last two-week period is set at 37.39, with the RSI for the last a single of trading hit 31.03, and the three-weeks RSI is set at 41.64 for Centene Corp. [CNC]. The present Moving Average for the last 50 days of trading for this stock 75.65, while it was recorded at 72.43 for the last single week of trading, and 74.30 for the last 200 days.
Centene Corp. [CNC]: Deeper insight into the fundamentals
Centene Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.17.
Earnings analysis for Centene Corp. [CNC]
With the latest financial reports released by the company, Centene Corp. posted 2/share EPS, while the average EPS was predicted by analysts to be reported at 1.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.43. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Centene Corp. go to 6.80%.
Insider trade positions for Centene Corp. [CNC]
There are presently around $100.97%, or 101.24%% of CNC stock, in the hands of institutional investors. The top three institutional holders of CNC stocks are: VANGUARD GROUP INC with ownership of 60.72 million shares, which is approximately 11.3467%. BLACKROCK INC., holding 47.44 million shares of the stock with an approximate value of $$3.15 billion in CNC stocks shares; and BLACKROCK INC., currently with $$2.33 billion in CNC stock with ownership which is approximately 6.5557%.
