The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 3.35%.However, over the last six months, we can see a stronger performance of -4.76%. Over the last 30 days, the price of CNC has fallen by 8.04%. And in the last five days, it has surged by 3.73%.
Centene Corp experienced a rather shaky stock market performance. The highest value in the past year was recorded at $81.42 on 02/26/24 and the lowest value was $55.03 on 12/10/24.
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 -23.10% away from its 52-week high, while its distance from the 52-week low is 13.77%. The stock’s price range during this period has varied between$55.03 and $81.42. The Centene Corp’s shares, which operate in the Healthcare, saw a trading volume of around 3.98 million for the day, a figure considerably lower than their average daily volume of 6.31 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Centene Corp (CNC) has experienced a quarterly decline of -12.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 31.61B 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 66.67, with a change in price of -14.42. Similarly, Centene Corp recorded 5,384,187 in trading volume during the last 100 days, posting a change of -18.72%.
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 0.64. 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 50.27%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 86.83%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 88.82% and 87.59%, respectively.
