Momentum Is Strong For Centene Corp. (NYSE: CNC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Kroger Health Announces Continued Inclusion in Centene’s Pharmacy Network.

Stocks Info

This NYSE-listed company operates within the Healthcare Plans industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $78.00 and fluctuated between $79.56 as its day high and $77.78 as its day low. The current market capitalization of Centene Corp. is $41.67B. A total of 2.56 million shares were traded on the day, compared to an average of 3.17M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CNC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 17 SELLs from insiders. Insiders purchased 630,248 shares during that period but sold 82,944.

In the most recent transaction, Robinson Lori Jean sold 1,400 shares of CNC for 66.59 per share on Apr 27. After the transaction, the Director now owns 8,508 company shares. In a previous transaction on Mar 17, LONDON SARAH bought 30,000 shares at 62.60 per share. CNC shares that Chief Executive Officer owns now total 313,953.

Among the insiders who bought shares, Asher Andrew Lynn acquired of 3,800 shares on Feb 10 at a per-share price of $71.97. This resulted in the EVP, CFO holding 314,755 shares of CNC after the transaction. In another insider transaction, Asher Andrew Lynn bought 3,000 shares at $71.89 per share on Feb 09. Company shares held by the EVP, CFO now total 310,955.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CNC in the last 3 months, the mean price target is $87.39 with high estimates of $110.00 and low estimates of $73.30. In terms of 52-week highs and lows, CNC has a high of $79.83 and a low of $60.83.

As of this writing, CNC has an earnings estimate of $0.43 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.55 per share and a lower estimate of $0.35. The company reported an EPS of $2.1 in the last quarter, which was 3.40% higher than expectations of $2.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CNC’s latest balance sheet shows that the firm has $14.66B in Cash & Short Term Investments as of fiscal 2021. There were $22.66B in debt and $25.77B in liabilities at the time. Its Book Value Per Share was $47.32, while its Total Shareholder’s Equity was $27.02B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNC is Buy with a score of 4.22.