The market performance of Centene Corp.’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $81.42 on 02/26/24, while the lowest value for the same duration was $60.83 on 09/01/23.
52-week price history of CNC Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Centene Corp.’s current trading price is -6.42% away from its 52-week high, while its distance from the 52-week low is 25.25%. The stock’s price range during the 52-week period has remained between $60.83 and $81.42. In the Healthcare sector, the company’s shares saw a trading volume of around 2.76 million for the day, which was evidently lower than the average daily volume of 3.07 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Centene Corp. (CNC) has experienced a quarterly rise of 0.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 40.75B and boasts a workforce of 76000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 75.92, with a change in price of +5.71. Similarly, Centene Corp. recorded 3,151,088 in trading volume during the last 100 days, posting a change of +8.10%.
Examining CNC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CNC stands at 0.73. Similarly, the long-term debt-to-equity ratio is also 0.72.
CNC Stock Stochastic Average
Centene Corp.’s raw stochastic average for the past 50 days is presently 52.99%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 68.41%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 64.69% and 59.31%, respectively.
CNC Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 2.67%.However, over the last six months, we can see a weaker performance of 7.52%. Over the last 30 days, the price of CNC has leaped by -1.14%. And in the last five days, it has surged by 5.82%.
