Community Health Systems, Inc. (NYSE: CYH) is 77.00% higher on its value in year-to-date trading and has touched a low of $2.01 and a high of $5.64 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 CYH stock was last observed hovering at around $5.41 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $5.54, the stock is 8.63% and 24.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 2.40% at the moment leaves the stock 55.33% off its SMA200. CYH registered 64.39% gain for a year compared to 6-month gain of 98.57%.
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The stock witnessed a 13.29% loss in the last 1 month and extending the period to 3 months gives it a 43.52%, and is 1.84% 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 4.52% over the week and 4.80% over the month.
Community Health Systems, Inc. (CYH) has around 61000 employees, a market worth around $769.73M and $12.55B in sales. Fwd P/E is 38.24. Profit margin for the company is -0.79%. Distance from 52-week low is 175.62% and -1.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.93%).
The EPS is expected to grow by 71.09% this year
253.0 institutions hold shares in Community Health Systems, Inc. (CYH), with institutional investors hold 83.89% of the company’s shares. The shares outstanding are 136.77M, and float is at 122.32M with Short Float at 6.44%. Institutions hold 77.01% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 9.36 million shares valued at $31.46 million. The investor’s holdings represent 7.132 of the CYH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.08 million shares valued at $30.52 million to account for 6.9197 of the shares outstanding. The other top investors are CASTLEKNIGHT MANAGEMENT LP which holds 8.3 million shares representing 6.3245 and valued at over $27.9 million, while EVERSEPT PARTNERS, LP holds 6.1228 of the shares totaling 8.04 million with a market value of $27.01 million.
Community Health Systems, Inc. (CYH) Insider Activity
The most recent transaction is an insider purchase by SMITH WAYNE T, the company’s Director. SEC filings show that SMITH WAYNE T bought 1,000,000 shares of the company’s common stock on Oct 31 ’23 at a price of $2.11 per share for a total of $2.11 million. Following the purchase, the insider now owns 5.11 million shares.
