Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Centene Corp before investing.

In this article, we go over a few key elements for understanding Centene Corp’s stock price such as:

• Centene Corp’s current stock price and volume
• Why Centene Corp’s stock price changed recently
• Upgrades and downgrades for CNC from analysts
• CNC’s stock price momentum as measured by its relative strength

About Centene Corp (CNC)

Before we jump into Centene Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Centene Corporation is a healthcare company. The Company provides services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. It provides a range of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. Its segments include Medicaid, Medicare, Commercial and Other. It offers Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace and the TRICARE program. It also contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Medicaid program provides health insurance to low-income families and individuals with disabilities. Medicare is a federal health insurance program for people ages 65 and over, which also covers people under 65 with certain disabilities and people with end-stage renal diseases.

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Centene Corp’s Stock Price as of Market Close

As of April 02, 2024, 4:01 PM, CST, Centene Corp’s stock price was $72.45.

Centene Corp is down 6.82% from its previous closing price of $77.75.

During the last market session, Centene Corp’s stock traded between $77.73 and $78.47. Currently, there are 534.15 million shares of Centene Corp stock available for purchase.

Centene Corp’s price-earnings (P/E) ratio is currently at 15.8, which is low compared to the Managed Health care industry median of 20.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Centene Corp Stock Price History

Centene Corp’s (CNC) price is currently down 7.68% so far this month.

During the month of April, Centene Corp’s stock price has reached a high of $78.47 and a low of $72.10.

Over the last year, Centene Corp has hit prices as high as $81.42 and as low as $60.83. Year to date, Centene Corp’s stock is down 11.66%.

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What Caused Centene Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 01, 2024, there were 8 analysts who downgraded Centene Corp’s stock and 6 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Centene Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Centene Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Centene Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Centene Corp (CNC) by visiting AAII Stock Evaluator.

Relative Price Strength of Centene Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 01, 2024, Centene Corp has a weighted four-quarter relative price strength of -2.16%, which translates to a Momentum Score of 63 and is considered to be Strong.

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Centene Corp Stock Price: Bottom Line

As of April 2, 2024, Centene Corp’s stock price is $72.45, which is down 6.82% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Centene Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.