Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Centene Corp’s current trading price is -26.02% away from its 52-week high, while its distance from the 52-week low is 8.34%. The stock’s price range during this period has varied between $55.03 and $80.59. The company, active in the Healthcare sector, saw a trading volume of around 2.48 million for the day, considerably lower average daily volume of 4.81 million observed over the last three months.
Centene Corp’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $80.59 on 09/03/24, and the lowest price during that time was $55.03, recorded on 12/10/24.
How Financial Performance Impacts Market Capitalization
Centene Corp (CNC) has experienced a quarterly rise of 0.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 29.57B and boasts a workforce of 60500 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 60.31, with a change in price of -0.20. Similarly, Centene Corp recorded 5,466,686 in trading volume during the last 100 days, posting a change of -0.33%.
How CNC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CNC stands at 0.74. Similarly, the long-term debt-to-equity ratio is also 0.73.
CNC Stock Stochastic Average
As of today, the raw stochastic average of Centene Corp over the past 50 days is 38.23%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 63.27%. Additionally, the Stochastic %K and %D values for the company were 62.19% and 60.25%, respectively, over the past 20 days.
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. This year’s metric has recorded a Price decrease of -1.58%. However, over the past six months, we’ve seen a stronger performance of -20.92%. The price of CNC fallen by 3.40% over the last 30 days. And in the last five days, it has surged by 2.86%.
