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The Future of Centene Corp: Analyzing CNC

CSCO Stock

In terms of market performance, Centene Corp had a fairly uneven. The highest value for the stock in the past year was $81.42 on 02/26/24, and the lowest value was recorded at $57.20 on 11/18/24.

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 -26.30% away from its 52-week high, while its distance from the 52-week low is 4.90%. The stock’s price range during the 52-week period has remained between $57.20 and $81.42. In the Healthcare sector, the company’s shares saw a trading volume of around 5.54 million for the day, which was evidently higher than the average daily volume of 5.52 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Centene Corp (CNC) has experienced a quarterly decline of -23.24% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.29B 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 69.89, with a change in price of -6.19. Similarly, Centene Corp recorded 4,944,396 in trading volume during the last 100 days, posting a change of -9.35%.

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 0.64. Similarly, the long-term debt-to-equity ratio is also 0.64.

CNC Stock Stochastic Average

Centene Corp’s raw stochastic average for the past 50 days is presently 14.02%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 34.15%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 41.46% and 35.20%, respectively.

CNC Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Until today this year the stock’s price performance recorded a decrease of -19.15%. However, over the last six months, the performance has been stronger by -14.89%. The price of CNC decreased -2.68% over the last 30 days. And in the last five days, it has surged by 3.79%.

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