Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 2.21%. However, over the past six months, we’ve seen a weaker performance of 5.58%. The price of CNC fallen by 4.32% over the last 30 days. And in the last five days, it has surged by 4.98%.
In terms of market performance, Centene Corp. had a fairly even. The highest value for the stock in the past year was $81.42 on 02/26/24, and the lowest value was recorded at $60.83 on 09/01/23.
52-week price history of CNC Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Centene Corp.’s current trading price is -6.84% away from its 52-week high, while its distance from the 52-week low is 24.69%. The stock’s price range during this period has varied between$60.83 and $81.42. The Centene Corp.’s shares, which operate in the Healthcare, saw a trading volume of around 2.66 million for the day, a figure considerably lower than their average daily volume of 3.21 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Centene Corp. (CNC) has experienced a quarterly rise of 1.24% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 40.48B and boasts a workforce of 76000 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 75.90, with a change in price of -0.82. Similarly, Centene Corp. recorded 3,216,949 in trading volume during the last 100 days, posting a change of -1.07%.
CNC’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CNC stands at 0.67. Similarly, the long-term debt-to-equity ratio is also 0.66.
CNC Stock Stochastic Average
Centene Corp.’s raw stochastic average for the past 50 days is presently 57.84%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 90.75%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 87.30% and 80.95%, respectively.
