Centene Corp. (NYSE:CNC) shares, rose in value on Friday, April 26, with the stock price down by -4.07% to the previous day’s close as strong demand from buyers drove the stock to $72.60.
Actively observing the price movement in the recent trading, the stock is buoying the session at $75.68. The PE ratio was 14.78 over 12-month period. Referring to stock’s 52-week performance, its high was $81.42, and the low was $60.83. On the whole, CNC has fluctuated by -7.34% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 146.51B, with a low estimate of 35.3B and a high estimate of 37.66B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 36.54B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.26, with the price of CNC currently trading nearly -1.63% and -4.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.79, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 2.09%. Furthermore, Centene Corp. (CNC)’s beta value is 0.40, and its average true range (ATR) is 1.91.
A comparison of Centene Corp. (CNC) with its peers suggests the former has fared considerably weaker in the market. CNC showed an intraday change of -4.07% in today’s session so far, and over the past year, it grew by 8.96%%.
Data on historical trading for Centene Corp. (NYSE:CNC) indicates that the trading volumes over the past 3 months, they’ve averaged 3.04 million. According to company’s latest data on outstanding shares, there are 534.48 million shares outstanding.
Nearly 1.03% of Centene Corp.’s shares belong to company insiders and institutional investors own 95.00% of the company’s shares. The stock has fallen by -2.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNC stock heading into the next quarter.
