Tenet Healthcare Corp. (THC) concluded trading on Thursday at a closing price of $91.08, with 2.38 million shares of worth about $216.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.23% during that period and on April 18, 2024 the price saw a loss of about -5.12%. Currently the company’s common shares owned by public are about 99.95M shares, out of which, 96.97M shares are available for trading.
Stock saw a price change of -10.55% in past 5 days and over the past one month there was a price change of -11.16%. Year-to-date (YTD), THC shares are showing a performance of 20.52% which increased to 37.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.04 but also hit the highest price of $107.80 during that period. The average intraday trading volume for Tenet Healthcare Corp. shares is 1.14 million. The stock is currently trading -10.56% below its 20-day simple moving average (SMA20), while that difference is down -6.04% for SMA50 and it goes to 17.53% higher than SMA200.
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Tenet Healthcare Corp. (NYSE: THC) currently have 99.95M outstanding shares and institutions hold larger chunk of about 94.75% of that.
The stock has a current market capitalization of $9.11B and its 3Y-monthly beta is at 2.14. PE ratio of stock for trailing 12 months is 15.62, while it has posted earnings per share of $5.83 in the same period. Its PEG reads 2.41 and has Quick Ratio of 1.42 while making debt-to-equity ratio of 10.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for THC, volatility over the week remained 3.81% while standing at 2.55% over the month.
Analysts are in expectations that Tenet Healthcare Corp. (THC) stock would likely to be making an EPS of $The Kraft Heinz Company in the current quarter, while forecast for next quarter EPS is $37.11 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Bausch Health Companies Inc. which is $TMC the metals company Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Teradata Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.50% while it is estimated to increase by 15.29% in next year. EPS is likely to shrink at an annualized rate of 6.49% for next 5-years, compared to annual growth of 40.40% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on March 27, 2024 offering an Outperform rating for the stock and assigned a target price of $122 to it. Coverage by Barclays stated Tenet Healthcare Corp. (THC) stock as an Overweight in their note to investors on March 06, 2024, suggesting a price target of $113 for the stock. On April 21, 2023, Cantor Fitzgerald Initiated their recommendations, while on April 19, 2023, JP Morgan Initiated their ratings for the stock with a price target of $72. Stock get a Buy rating from Loop Capital on June 17, 2022.
