Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Centene Corp’s current trading price is -22.78% away from its 52-week high, while its distance from the 52-week low is 14.25%. The stock’s price range over this period has fluctuated between $55.03 and $81.42. The company, operating within the financial sector, had a trading volume of approximately 3.54 million for the day, which was noticeably lower than the average daily share volume of 6.36 million over the last 3 months.
Centene Corp saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $81.42 on 02/26/24, while the lowest price for the same duration was marked at $55.03 on 12/10/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Centene Corp (CNC) has experienced a quarterly decline of -8.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 31.74B and boasts a workforce of 76000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 65.75, with a change in price of -15.36. Similarly, Centene Corp recorded 5,478,831 in trading volume during the last 100 days, posting a change of -19.63%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Today, Centene Corp’s raw stochastic average for the past 50 days stands at 75.60%, indicating a decline from the raw stochastic average of the last 20 days, which was 81.79%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 85.79% and 87.90% respectively.
CNC Stock Price Performance Analysis
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 3.78%.However, over the last six months, we can see a stronger performance of -7.27%. Over the last 30 days, the price of CNC has fallen by 5.81%. And in the last five days, it has fallen by -0.47%.
