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 -24.64% away from its 52-week high, while its distance from the 52-week low is 10.36%. The stock’s price range over this period has fluctuated between $55.03 and $80.59. The company, operating within the financial sector, had a trading volume of approximately 2.86 million for the day, which was noticeably lower than the average daily share volume of 4.5 million over the last 3 months.
The market performance of Centene Corp’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $80.59 on 09/03/24, while the lowest value for the same duration was $55.03 on 12/10/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Centene Corp (CNC) has experienced a quarterly rise of 0.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.13B and boasts a workforce of 60500 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 60.06, with a change in price of -4.07. Similarly, Centene Corp recorded 5,120,752 in trading volume during the last 100 days, posting a change of -6.28%.
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 0.74. Similarly, the long-term debt-to-equity ratio is also 0.73.
CNC Stock Stochastic Average
Today, Centene Corp’s raw stochastic average for the past 50 days stands at 47.77%, indicating a decline from the raw stochastic average of the last 20 days, which was 86.12%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 83.86% and 79.85% respectively.
CNC Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 0.25%. However, over the past six months, we’ve seen a stronger performance of -19.33%. The price of CNC fallen by 4.94% over the last 30 days. And in the last five days, it has surged by 0.31%.
