Tenet Healthcare Corp (NYSE: THC) is -0.17% lower on its value in year-to-date trading and has touched a low of $90.03 and a high of $171.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The THC stock was last observed hovering at around $122.67 in the last trading session, with the day’s gains setting it 3.35%.
Currently trading at $126.02, the stock is -5.33% and -4.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 2.73% at the moment leaves the stock -12.56% off its SMA200. THC registered 33.65% gain for a year compared to 6-month loss of -24.01%.
The stock witnessed a -12.87% gain in the last 1 month and extending the period to 3 months gives it a -11.68%, and is -4.35% down 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 5.04% over the week and 4.84% over the month.
Tenet Healthcare Corp (THC) has around 98000 employees, a market worth around $11.99B and $20.66B in sales. Current P/E ratio is 3.91 and Fwd P/E is 9.63. Profit margin for the company is 15.49%. Distance from 52-week low is 39.98% and -26.39% from its 52-week high. The company has generated returns on investments over the last 12 months (17.58%).
The EPS is expected to grow by 1.11% this year
The shares outstanding are 95.11M, and float is at 93.01M with Short Float at 3.68%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.38 million shares valued at $1.38 billion. The investor’s holdings represent 10.4209 of the THC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.88 million shares valued at $1.31 billion to account for 9.9258 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 8.02 million shares representing 8.0543 and valued at over $1.07 billion, while INVESCO LTD. holds 5.6745 of the shares totaling 5.65 million with a market value of $751.72 million.
Tenet Healthcare Corp (THC) Insider Activity
A total of 0 insider transactions have happened at Tenet Healthcare Corp (THC) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by HANEY CECIL D, the company’s Director. SEC filings show that HANEY CECIL D sold 2,500 shares of the company’s common stock on Mar 04 ’25 at a price of $124.26 per share for a total of $0.31 million. Following the sale, the insider now owns 12035.0 shares.
Still, SEC filings show that on Oct 31 ’24, Foo Lisa Y (EVP, Commercial Ops) disposed off 4,000 shares at an average price of $155.94 for $0.62 million. The insider now directly holds 15,566 shares of Tenet Healthcare Corp (THC).
Tenet Healthcare Corp (THC): Who are the competitors?
One of the company’s main competitors (and peers) include Select Medical Holdings Corp. (SEM) that is trading 19.01% up over the past 12 months.Community Health Systems Inc. (CYH) lies in the list of competitors of the Tenet Healthcare Corp and is 8.24% higher over the same period from THCPediatrix Medical Group Inc. (MD) is 65.05% up on the 1-year trading charts.
