Is Centene Corp. (NYSE: CNC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that California Schools, Health Net & The Centene Foundation Create a Culture of Belonging Through National No One Eats Alone® Day.

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Stocks Info

CNC belongs to the Healthcare sector of the NYSE while operating in the Healthcare Plans industry. At the end of the last regular session, the stock closed at $80.22 and fluctuated between $80.70 as its day high and $79.60 as its day low. The current market capitalization of Centene Corp. is $42.91B. A total of 2.14 million shares were traded on the day, compared to an average of 3.17M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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 33 BUYs and 13 SELLs from insiders. Insiders purchased 606,862 shares during that period but sold 29,505.

In the most recent transaction, Robinson Lori Jean sold 10,000 shares of CNC for 77.41 per share on Feb 13. After the transaction, the Director now owns 11,455 company shares. In a previous transaction on Feb 07, FASOLA KENNETH J sold 12,000 shares at 75.07 per share. CNC shares that President owns now total 235,365.

Among the insiders who sold shares, Robinson Lori Jean disposed of 1,400 shares on Apr 27 at a per-share price of $66.59. This resulted in the Director holding 8,508 shares of CNC after the transaction. In another insider transaction, LONDON SARAH bought 30,000 shares at $62.60 per share on Mar 17. Company shares held by the Chief Executive Officer now total 313,953.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CNC in the last 3 months, the mean price target is $89.20 with high estimates of $110.00 and low estimates of $76.00. In terms of 52-week highs and lows, CNC has a high of $80.17 and a low of $60.83.

As of this writing, CNC has an earnings estimate of $2.15 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $2.59 per share and a lower estimate of $1.9. The company reported an EPS of $2 in the last quarter, which was 27.40% higher than expectations of $1.57.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $48.35, while its Total Shareholder’s Equity was $27.02B.

Analysts Opinion

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. 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 4.18.

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