Community Health Systems, Inc. (CYH) concluded trading on Wednesday at a closing price of $5.26, with 4.02 million shares of worth about $21.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.34% during that period and on July 31, 2024 the price saw a gain of about 1.94%. Currently the company’s common shares owned by public are about 136.77M shares, out of which, 124.57M shares are available for trading.
Stock saw a price change of 21.48% in past 5 days and over the past one month there was a price change of 58.43%. Year-to-date (YTD), CYH shares are showing a performance of 68.05% which increased to 19.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.01 but also hit the highest price of $5.35 during that period. The average intraday trading volume for Community Health Systems, Inc. shares is 1.69 million. The stock is currently trading 32.46% above its 20-day simple moving average (SMA20), while that difference is up 41.70% for SMA50 and it goes to 62.34% higher than SMA200.
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Community Health Systems, Inc. (NYSE: CYH) currently have 136.77M outstanding shares and institutions hold larger chunk of about 73.63% of that.
The stock has a current market capitalization of $730.82M and its 3Y-monthly beta is at 1.47. It has posted earnings per share of -$0.76 in the same period. It has Quick Ratio of 1.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CYH, volatility over the week remained 10.10% while standing at 6.36% over the month.
Stock’s fiscal year EPS is expected to rise by 72.29% while it is estimated to increase by 155.92% in next year. EPS is likely to shrink at an annualized rate of -7.95% for next 5-years, compared to annual growth of 31.96% 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 Barclays on March 06, 2024 offering an Equal weight rating for the stock and assigned a target price of $3 to it. Coverage by Loop Capital stated Community Health Systems, Inc. (CYH) stock as a Hold in their note to investors on June 17, 2022, suggesting a price target of $5 for the stock. On June 15, 2022, BofA Securities Downgrade their recommendations, while on March 29, 2022, Wells Fargo Initiated their ratings for the stock with a price target of $12. Stock get a Buy rating from Citigroup on January 10, 2022.
