Tenet Healthcare Corp. (NYSE: THC) is 98.09% higher on its value in year-to-date trading and has touched a low of $51.04 and a high of $155.00 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 $150.16 in the last trading session, with the day’s loss setting it -0.46%.
Currently trading at $149.70, the stock is 8.97% and 10.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing -0.31% at the moment leaves the stock 53.97% off its SMA200. THC registered 100.32% gain for a year compared to 6-month gain of 80.93%.
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The stock witnessed a 12.30% loss in the last 1 month and extending the period to 3 months gives it a 33.32%, and is 3.00% 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 2.82% over the week and 2.95% over the month.
Tenet Healthcare Corp. (THC) has around 106500 employees, a market worth around $14.62B and $20.92B in sales. Current P/E ratio is 5.48 and Fwd P/E is 13.61. Profit margin for the company is 13.17%. Distance from 52-week low is 193.30% and -3.42% from its 52-week high. The company has generated returns on investments over the last 12 months (16.96%).
Tenet Healthcare Corp. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching –$ over the same period.The EPS is expected to grow by 48.55% this year, but quarterly earnings will post 173.10% year-over-year.
The shares outstanding are 99.95M, and float is at 95.16M with Short Float at 3.77%.
Tenet Healthcare Corp. (THC) Insider Activity
The most recent transaction is an insider sale by FISHER RICHARD W, the company’s Director. SEC filings show that FISHER RICHARD W sold 1,400 shares of the company’s common stock on Jun 10 ’24 at a price of $132.24 per share for a total of $0.19 million. Following the sale, the insider now owns 16227.0 shares.
Tenet Healthcare Corp. disclosed in a document filed with the SEC on May 31 ’24 that KERREY J ROBERT (Director) sold a total of 9,500 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $133.40 per share for $1.27 million. Following the transaction, the insider now directly holds 0.0 shares of the THC stock.
Still, SEC filings show that on May 30 ’24, KERREY J ROBERT (Director) disposed off 14,322 shares at an average price of $134.01 for $1.92 million. The insider now directly holds 46,403 shares of Tenet Healthcare Corp. (THC).
