On Friday, Community Health Systems, Inc. (NYSE: CYH) was 2.88% up from the session before settling in for the closing price of $2.78. A 52-week range for CYH has been $2.01 – $6.53.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -2.30%. When this article was written, the company’s average yearly earnings per share was at 78.81%. With a float of $123.84 million, this company’s outstanding shares have now reached $136.77 million.
Considering the fact that the conglomerate employs 61000 people, you should pay attention to its efficiency factor.
Community Health Systems, Inc. (CYH) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Community Health Systems, Inc. stocks. The insider ownership of Community Health Systems, Inc. is 9.43%, while institutional ownership is 72.48%. The most recent insider transaction that took place on Oct 31 ’23, was worth 2,110,000. In this transaction Director of this company bought 1,000,000 shares at a rate of $2.11, taking the stock ownership to the 5,107,901 shares.
Community Health Systems, Inc. (CYH) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 24.99 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 78.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.95% during the next five years compared to 31.96% growth over the previous five years of trading.
Community Health Systems, Inc. (NYSE: CYH) Trading Performance Indicators
You can see what Community Health Systems, Inc. (CYH) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.03, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach 0.14 in one year’s time.
Technical Analysis of Community Health Systems, Inc. (CYH)
Compared to the last year’s volume of 2.06 million, its volume of 1.85 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 16.10%. Additionally, its Average True Range was 0.16.
During the past 100 days, Community Health Systems, Inc.’s (CYH) raw stochastic average was set at 28.95%, which indicates a significant increase from 19.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.93% in the past 14 days, which was lower than the 85.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.16, while its 200-day Moving Average is $3.23. Nevertheless, the first resistance level for the watch stands at $2.94 in the near term. At $3.01, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.09. If the price goes on to break the first support level at $2.78, it is likely to go to the next support level at $2.70. Should the price break the second support level, the third support level stands at $2.63.
Community Health Systems, Inc. (NYSE: CYH) Key Stats
There are 138,982K outstanding shares of the company, which has a market capitalization of 391.08 million. As of now, sales total 12,490 M while income totals -133,000 K. Its latest quarter income was 3,181 M while its last quarter net income were 47,000 K.
