Tenet Healthcare Corp. (THC) concluded trading on Wednesday at a closing price of $145.34, with 3.9 million shares of worth about $566.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 80.61% during that period and on July 24, 2024 the price saw a gain of about 4.80%. Currently the company’s common shares owned by public are about 99.95M shares, out of which, 95.16M shares are available for trading.
Stock saw a price change of 8.93% in past 5 days and over the past one month there was a price change of 6.84%. Year-to-date (YTD), THC shares are showing a performance of 92.32% which increased to 89.02% 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 $142.35 during that period. The average intraday trading volume for Tenet Healthcare Corp. shares is 1.29 million. The stock is currently trading 8.75% above its 20-day simple moving average (SMA20), while that difference is up 8.98% for SMA50 and it goes to 53.00% 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 95.78% of that.
The stock has a current market capitalization of $14.20B and its 3Y-monthly beta is at 2.15. PE ratio of stock for trailing 12 months is 5.62, while it has posted earnings per share of $25.87 in the same period. Its PEG reads 0.66 and has Quick Ratio of 1.37 while making debt-to-equity ratio of 3.73. 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 3.46% while standing at 3.14% over the month.
Stock’s fiscal year EPS is expected to rise by 31.51% while it is estimated to increase by 4.30% in next year. EPS is likely to shrink at an annualized rate of 8.46% 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 Robert W. Baird on May 30, 2024 offering an Outperform rating for the stock and assigned a target price of $153 to it. Coverage by Wolfe Research stated Tenet Healthcare Corp. (THC) stock as an Outperform in their note to investors on March 27, 2024, suggesting a price target of $122 for the stock. On March 06, 2024, Barclays Initiated their recommendations, while on April 21, 2023, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $73. Stock get an Overweight rating from JP Morgan on April 19, 2023.
