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CNC
Stock ticker:
NYSE
AS OF
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Capitalization
37.15B

CNC Price Prediction, Centene Corp AI Recommendations

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

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A.I.Advisor
a Summary for CNC with price predictions
08:00 PM EDT Jun 07, 2023

CNC in upward trend: price rose above 50-day moving average on June 02, 2023

CNC moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend. In of 48 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CNC's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on CNC as a result. In of 91 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 June 05, 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNC advanced for three days, in of 322 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.

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for CNC crossed bearishly below the 50-day moving average on May 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

The Aroon Indicator for CNC entered a downward trend on June 08, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (1.482) is normal, around the industry mean (2.825). CNC has a moderately high P/E Ratio (25.316) as compared to the industry average of (19.172). CNC's Projected Growth (PEG Ratio) (0.774) is slightly lower than the industry average of (1.207). CNC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.016). P/S Ratio (0.265) is also within normal values, averaging (0.721).

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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock slightly better 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.

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.

A.I. Advisor
published Earnings

CNC is expected to report earnings to fall 2.84% to $2.05 per share on July 28

Centene Corp CNC Stock Earnings Reports
Q2'23
Est.
$2.05
Q1'23
Beat
by $0.11
Q4'22
Beat
by $0.04
Q3'22
Beat
by $0.07
Q2'22
Beat
by $0.17
The last earnings report on April 25 showed earnings per share of $2.11, beating the estimate of $2.00. With 314.13K shares outstanding, the current market capitalization sits at 37.15B.
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Unitedhealth Group (NYSE:UNH), Elevance Health (NYSE:ELV), CVS HEALTH Corp (NYSE:CVS), Cigna Group (The) (NYSE:CI), Humana (NYSE:HUM), Centene Corp (NYSE: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 53.66B. The market cap for tickers in the group ranges from 3.42M to 456.42B. UNH holds the highest valuation in this group at 456.42B. 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 3%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -3%. OSCR experienced the highest price growth at 19%, while MRAI experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Managed Health Care Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was -30% and the average quarterly volume growth was 17%

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: 72
Price Growth Rating: 58
SMR Rating: 87
Profit Risk Rating: 66
Seasonality Score: 20 (-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 UNH. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNC jumps, then UNH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNC
1D Price
Change %
CNC100%
-0.10%
UNH - CNC
66%
Closely correlated
+1.68%
ELV - CNC
65%
Loosely correlated
+1.66%
HUM - CNC
64%
Loosely correlated
+1.02%
MOH - CNC
62%
Loosely correlated
+1.15%
CI - CNC
57%
Loosely correlated
+1.04%
More