Compare Centene Corp (CNC) vs ProShares UltraPro Short QQQ ETF (SQQQ) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
Centene Corp vs ProShares UltraPro Short QQQ ETF — how do they compare? Centene Corp trades at $66.2 (market cap $33.13B), while ProShares UltraPro Short QQQ ETF trades at $35.92. The key difference: Centene Corp is trading nearer its 52-week high, ProShares UltraPro Short QQQ ETF nearer its low. Which is the better fit depends on your goals.
| CNC | SQQQ | |
|---|---|---|
Market Cap | $33.13B | — |
Sector | Health | Leveraged / Inverse |
52-Week High | $68.72 | $92.95 |
52-Week Low | $26.93 | $36.04 |
Enterprise Value | $22.18B | — |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Centene (CNC) trades at $66.05, up 1.8% with a bullish technical outlook supported by moving averages. The stock shows attractive valuation metrics with P/E of 8.06 and P/S of 0.16, though profitability remains challenged with negative net margins. Recent earnings beats and strong analyst consensus (61% buy ratings) suggest confidence in the company's turnaround strategy despite current negative earnings.
The investment case hinges on margin recovery and cost discipline driving future profitability improvements. Key risks include persistent negative earnings, Medicaid membership volatility, and competitive pressures in managed care. With a $71 consensus price target offering 7.5% upside, the stock presents value opportunity if management executes on operational improvements.
SQQQ trades at $37.32, down 2.12% today, reflecting its bearish inverse exposure to the Nasdaq 100. Technical indicators show a strong bearish trend with moving averages and ADX signaling sell conditions, while RSI levels suggest potential oversold conditions. Recent news highlights SQQQ's role as a tactical hedge tool amid AI stock volatility but warns of long-term value erosion due to daily leverage resets.
The outlook for SQQQ remains high-risk, suitable only for short-term hedging against tech declines. Key risks include leverage decay and timing challenges, with analysts cautioning against long-term holds. Investors must actively manage positions to avoid significant losses in rising markets.
Returns comparison
Trailing returns across standard periods
Returns comparison
Trailing returns across standard periods
Top news
Latest headlines on both assets
Top news
Latest headlines on both assets
About Centene Corp
Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 22 million medical members as of September 2021, mostly in Medicaid (68% of membership), the individual exchanges (10%), Medicare Advantage (6%), and the balance in Tricare (West region), correctional facility, and international plans. The company also serves 4 million users through the Medicare Part D pharmaceutical program.
Read more on CNC →About ProShares UltraPro Short QQQ ETF
SQQQ is a leveraged inverse ETF that seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. It is a tactical trading tool designed for sophisticated investors to profit from or hedge against declines in large-cap technology and growth stocks. Due to its daily reset and the effects of compounding, it is intended for short-term use and carries significant risk if held during periods of high market volatility.
Read more on SQQQ →
