Tenet Healthcare Corp. (NYSE: THC) is 103.78% 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 $152.79 in the last trading session, with the day’s gains setting it 1.21%.
Currently trading at $154.00, the stock is 6.12% and 10.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 0.79% at the moment leaves the stock 51.15% off its SMA200. THC registered 110.35% gain for a year compared to 6-month gain of 74.86%.
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The stock witnessed a 15.45% loss in the last 1 month and extending the period to 3 months gives it a 19.79%, and is 5.85% 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 2.39% over the week and 3.43% over the month.
Tenet Healthcare Corp. (THC) has around 106500 employees, a market worth around $14.76B and $20.92B in sales. Current P/E ratio is 5.63 and Fwd P/E is 13.87. Profit margin for the company is 13.17%. Distance from 52-week low is 201.72% and -0.65% from its 52-week high. The company has generated returns on investments over the last 12 months (16.96%).
The EPS is expected to grow by 50.35% this year
The shares outstanding are 99.95M, and float is at 93.37M with Short Float at 3.37%.
Tenet Healthcare Corp. (THC) Insider Activity
Tenet Healthcare Corp. disclosed in a document filed with the SEC on Aug 06 ’24 that Fitzgerald Meghan (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $146.34 per share for $2.93 million. Following the transaction, the insider now directly holds 15269.0 shares of the THC stock.
Still, SEC filings show that on Aug 06 ’24, Fitzgerald Meghan (Director) Proposed Sale 20,000 shares at an average price of $146.34 for $2.93 million. The insider now directly holds shares of Tenet Healthcare Corp. (THC).
