On Friday, Community Health Systems, Inc. (NYSE: CYH) opened higher 2.59% from the last session, before settling in for the closing price of $3.86. Price fluctuations for CYH have ranged from $2.01 to $5.20 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales slided by -2.30%. Company’s average yearly earnings per share was noted 79.74% at the time writing. With a float of $124.37 million, this company’s outstanding shares have now reached $136.77 million.
The extent of productivity of a business whose workforce counts for 61000 workers is very important to gauge.
Community Health Systems, Inc. (CYH) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Medical Care Facilities industry is another important factor to consider. The insider ownership of Community Health Systems, Inc. is 10.51%, while institutional ownership is 72.63%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.22 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.27) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 79.74% 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
Check out the current performance indicators for Community Health Systems, Inc. (CYH). In the past quarter, the stock posted a quick ratio of 1.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.95, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach 0.23 in one year’s time.
Technical Analysis of Community Health Systems, Inc. (CYH)
The latest stats from [Community Health Systems, Inc., CYH] show that its last 5-days average volume of 1.58 million was inferior to 1.94 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 83.47%. Additionally, its Average True Range was 0.18.
During the past 100 days, Community Health Systems, Inc.’s (CYH) raw stochastic average was set at 85.29%, which indicates a significant decrease from 97.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.25% in the past 14 days, which was lower than the 79.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.33, while its 200-day Moving Average is $3.11. Now, the first resistance to watch is $4.00. This is followed by the second major resistance level at $4.05. The third major resistance level sits at $4.11. If the price goes on to break the first support level at $3.89, it is likely to go to the next support level at $3.83. The third support level lies at $3.78 if the price breaches the second support level.
Community Health Systems, Inc. (NYSE: CYH) Key Stats
There are currently 138,966K shares outstanding in the company with a market cap of 550.32 million. Presently, the company’s annual sales total 12,490 M according to its annual income of -133,000 K. Last quarter, the company’s sales amounted to 3,140 M and its income totaled -41,000 K.
