At the end of the latest market close, Centene Corporation (CNC) was valued at $64.17. In that particular session, Stock kicked-off at the price of $64.79 while reaching the peak value of $65.14 and lowest value recorded on the day was $62.88. The stock current value is $63.34.Recently in News on March 10, 2023, Health Net Providing Special Assistance to Members Affected by Winter Storms. Health Net Assisting Members in Butte, El Dorado, Fresno, Humboldt, Imperial, Inyo, Lake, Mendocino, Merced, Monterey, Napa, Placer, Plumas, Sacramento, San Francisco, San Mateo, Santa Clara, Santa Cruz, Stanislaus, Tuolumne and Yuba Counties During State of Emergency. You can read further details here
Centene Corporation had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $98.53 on 08/15/22, with the lowest value was $62.88 for the same time period, recorded on 03/14/23.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Centene Corporation (CNC) full year performance was -24.06%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Centene Corporation shares are logging -35.72% during the 52-week period from high price, and -1.02% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $63.99 and $98.53.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 4029965 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Centene Corporation (CNC) recorded performance in the market was -22.77%, having the revenues showcasing -26.56% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 35.15B, as it employees total of 74300 workers.
The Analysts eye on Centene Corporation (CNC)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 78.00, with a change in the price was noted -11.98. In a similar fashion, Centene Corporation posted a movement of -15.91% for the period of last 100 days, recording 3,669,894 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CNC is recording 0.75 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.75.
Technical rundown of Centene Corporation (CNC)
Raw Stochastic average of Centene Corporation in the period of last 50 days is set at 2.22%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 3.98%. In the last 20 days, the company’s Stochastic %K was 2.87% and its Stochastic %D was recorded 3.49%.
Considering, the past performance of Centene Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -22.77%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -31.82%, alongside a downfall of -24.06% for the period of the last 12 months. The shares increased approximately by -6.78% in the 7-day charts and went up by -12.92% in the period of the last 30 days. Common stock shares were lifted by -26.56% during last recorded quarter.