Centene (CNC) Stock Price

Financial Performance

Centene's revenue has shown a positive trend, with the latest quarter reporting $42B, up by 5.5% from the previous quarter and up by 6.5% year over year. However, their gross profit was down both quarterly (-8.9%) and annually (-48.7%), indicating potential cost management issues or pricing pressures. Their operating income also decreased significantly by -45.9% from the previous quarter, which could be concerning for investors.

The EBITDA ratio of 0.03 suggests that Centene is generating a low level of operational profitability relative to its total capital employed.

Stock Price

The stock price is currently at $64.03, having risen by 1.4% in the last month but down -15.1% YoY which indicates some volatility in the market's valuation of Centene's shares over time.

The RSI value stands at around mid-range (54.93), suggesting neither overbought nor oversold conditions while the stock's price is below its 200-day moving average ($68.66) which may indicate a bearish trend.

Alternative Data Signals

Centene's web traffic showed an increase both monthly (3%) and yearly (47%), indicating strong digital presence and engagement with stakeholders such as customers and investors.

The decrease in job openings might suggest limited expansion plans or cost-cutting measures but this needs to be corroborated with other data points for confirmation.

Around two-thirds of employees report positive business outlook which can be seen as a good signal about internal confidence in company performance and strategy, although this figure should ideally be higher for stronger confidence signals.

The company's social media following has been growing on both Twitter and Facebook, which suggests successful marketing efforts and potentially wider brand recognition.

Conclusion

Overall, the analysis leans towards a neutral to slightly bullish stance. Despite some concerns in financial performance such as gross profit and operating income decline, Centene shows positive signs in revenue growth, web traffic increase and employee outlook. However, the stock price trend and technical indicators suggest caution is warranted for potential investors.

Note: This AI Stock Analysis is based on data as of February 02. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Centene (CNC), currently trading at $33.77, will... Sign up to access price prediction.