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CNC
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
39.59B

CNC Price Prediction, Centene Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CNC with price predictions
07:00 PM EST Dec 05, 2023

CNC's Stochastic Oscillator is remaining in overbought zone for 3 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for CNC moved out of overbought territory on November 27, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 30, 2023. You may want to consider a long position or call options on CNC as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CNC just turned positive on December 01, 2023. Looking at past instances where CNC's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

CNC moved above its 50-day moving average on November 30, 2023 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for CNC moved above the 200-day moving average on October 31, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNC advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

CNC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 221 cases where CNC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CNC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.541) is normal, around the industry mean (2.976). P/E Ratio (16.181) is within average values for comparable stocks, (17.479). Projected Growth (PEG Ratio) (0.454) is also within normal values, averaging (0.886). CNC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.019). P/S Ratio (0.269) is also within normal values, averaging (0.707).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CNC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock worse than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I. Advisor
published Earnings

CNC is expected to report earnings to fall 78.04% to 43 cents per share on February 06

Centene Corp CNC Stock Earnings Reports
Q4'23
Est.
$0.44
Q3'23
Beat
by $0.47
Q2'23
Beat
by $0.04
Q1'23
Beat
by $0.11
Q4'22
Beat
by $0.04
The last earnings report on October 24 showed earnings per share of $2.00, beating the estimate of $1.53. With 2.11M shares outstanding, the current market capitalization sits at 39.59B.
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Unitedhealth Group (NASDAQ:UNH), Elevance Health (NASDAQ:ELV), CVS HEALTH Corp (NASDAQ:CVS), Cigna Group (The) (NASDAQ:CI), Humana (NASDAQ:HUM), Centene Corp (NASDAQ:CNC).

Industry description

Managed healthcare industry focuses on providing health/medical and disability insurance plans, generally intended to reduce the cost of for-profit health care. The insurance products might be provided through employer-paid (fully or partly) insurance and benefit programs, or through Medicare/Medicaid. Some of the largest providers of managed health care include Aetna, Humana Inc., and Cigna, and UnitedHealthcare.

Market Cap

The average market capitalization across the Managed Health Care Industry is 61.26B. The market cap for tickers in the group ranges from 3.42M to 511.46B. UNH holds the highest valuation in this group at 511.46B. The lowest valued company is HRAA at 3.42M.

High and low price notable news

The average weekly price growth across all stocks in the Managed Health Care Industry was 1%. For the same Industry, the average monthly price growth was 32%, and the average quarterly price growth was -3%. CVS experienced the highest price growth at 10%, while MRAI experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Managed Health Care Industry was -37%. For the same stocks of the Industry, the average monthly volume growth was 14% and the average quarterly volume growth was 65%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 38
P/E Growth Rating: 74
Price Growth Rating: 48
SMR Rating: 84
Profit Risk Rating: 70
Seasonality Score: -23 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a multi-line healthcare enterprise

Industry ManagedHealthCare

Profile
Fundamentals
Details
Industry
Managed Health Care
Address
7700 Forsyth Boulevard
Phone
+1 314 725-4477
Employees
74300
Web
https://www.centene.com
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CNC and

Correlation & Price change

A.I.dvisor indicates that over the last year, CNC has been closely correlated with MOH. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNC jumps, then MOH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNC
1D Price
Change %
CNC100%
-0.81%
MOH - CNC
71%
Closely correlated
-1.14%
ELV - CNC
69%
Closely correlated
-0.78%
UNH - CNC
66%
Loosely correlated
-0.13%
HUM - CNC
63%
Loosely correlated
-3.31%
CI - CNC
59%
Loosely correlated
-0.11%
More