Tenet Healthcare Corp. (NYSE: THC) is 30.03% higher on its value in year-to-date trading and has touched a low of $51.04 and a high of $107.80 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The THC stock was last observed hovering at around $97.86 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $98.26, the stock is -1.90% and 0.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 0.41% at the moment leaves the stock 26.35% off its SMA200. THC registered 42.41% gain for a year compared to 6-month gain of 79.77%.
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The stock witnessed a -4.30% loss in the last 1 month and extending the period to 3 months gives it a 23.36%, and is 2.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.02% over the week and 2.68% over the month.
Tenet Healthcare Corp. (THC) has around 106500 employees, a market worth around $9.83B and $20.55B in sales. Current P/E ratio is 16.85 and Fwd P/E is 13.64. Profit margin for the company is 2.97%. Distance from 52-week low is 92.52% and -8.85% from its 52-week high. The company has generated returns on investments over the last 12 months (3.49%).
The EPS is expected to shrink by -10.50% this year
The shares outstanding are 99.95M, and float is at 96.97M with Short Float at 4.39%.
Tenet Healthcare Corp. (THC) Insider Activity
The most recent transaction is an insider sale by MARK RICHARD J, the company’s Director. SEC filings show that MARK RICHARD J sold 14,000 shares of the company’s common stock on Mar 12 ’24 at a price of $98.98 per share for a total of $1.39 million. Following the sale, the insider now owns 33303.0 shares.
Tenet Healthcare Corp. disclosed in a document filed with the SEC on Mar 06 ’24 that Arbour Paola M (EVP, Chief Information Officer) sold a total of 18,168 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $96.96 per share for $1.76 million. Following the transaction, the insider now directly holds 29803.0 shares of the THC stock.
Still, SEC filings show that on Mar 01 ’24, Arnst Thomas W (EVP, Chief Admin. Officer & GC) disposed off 17,000 shares at an average price of $94.84 for $1.61 million. The insider now directly holds 8,148 shares of Tenet Healthcare Corp. (THC).
