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 -65.66% away from its 52-week high, while its distance from the 52-week low is -0.74%. The stock’s price range over this period has fluctuated between $27.88 and $80.59. The company, operating within the financial sector, had a trading volume of approximately 10.99 million for the day, which was noticeably higher than the average daily share volume of 9.05 million over the last 3 months.
The stock price for Centene Corp (CNC) currently stands at $27.67. The stock experienced a substantial increase in the last session, hitting $92.0 after starting at $27.79. The stock’s lowest price was $61.0 before closing at $27.95.
The market performance of Centene Corp’s stock has been turbulent in recent times.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Centene Corp (CNC) has experienced a quarterly decline of -54.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.77B and boasts a workforce of 60500 employees.
Centene Corp: What Analysts Are Saying
As of right now, 7 analysts are rating Centene Corp as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 55.16, with a change in price of -33.54. Similarly, Centene Corp recorded 7,423,116 in trading volume during the last 100 days, posting a change of -54.69%.
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 0.66. Similarly, the long-term debt-to-equity ratio is also 0.66.
CNC Stock Stochastic Average
Today, Centene Corp’s raw stochastic average for the past 50 days stands at 1.00%, indicating a decline from the raw stochastic average of the last 20 days, which was 1.23%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 0.75% and 1.18% 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 decrease of -59.18%. However, over the past six months, we’ve seen a stronger performance of -55.98%. The price of CNC leaped by -49.82% over the last 30 days. And in the last five days, it has fallen by -9.68%.
