Tenet Healthcare Corp. (NYSE: THC) flaunted slowness of -2.88% at $158.08, before settling in for the price of $162.76 at the close. Taking a more long-term approach, THC posted a 52-week range of $51.04-$171.20.
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The Healthcare sector firm’s twelve-monthly sales growth has been 2.48% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 40.40%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 59.67%. This publicly-traded company’s shares outstanding now amounts to $99.95 million, simultaneously with a float of $93.44 million. The organization now has a market capitalization sitting at $15.03 billion. At the time of writing, stock’s 50-day Moving Average stood at $159.52, while the 200-day Moving Average is $126.98.
Tenet Healthcare Corp. (THC) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Tenet Healthcare Corp. industry. Tenet Healthcare Corp.’s current insider ownership accounts for 2.49%, in contrast to 95.65% institutional ownership. According to the most recent insider trade that took place on Sep 05 ’24, this organization’s Principal Accounting Officer sold 11,599 shares at the rate of 162.06, making the entire transaction reach 1,879,734 in total value, affecting insider ownership by 6,324. Preceding that transaction, on Aug 27 ’24, Company’s Director sold 2,000 for 163.67, making the whole transaction’s value amount to 327,332. This particular insider is now the holder of 14,227 in total.
Tenet Healthcare Corp. (THC) Earnings and Revenue Records
Tenet Healthcare Corp.’s EPS increase for this current 12-month fiscal period is 59.67% and is forecasted to reach 11.59 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 20.95% through the next 5 years, which can be compared against the 40.40% growth it accomplished over the previous five years trading on the market.
Tenet Healthcare Corp. (NYSE: THC) Trading Performance Indicators
Let’s observe the current performance indicators for Tenet Healthcare Corp. (THC). It’s Quick Ratio in the last reported quarter now stands at 1.52. The Stock has managed to achieve an average true range (ATR) of 6.61. Alongside those numbers, its PE Ratio stands at $5.06, and its Beta score is 2.14. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.72. Similarly, its price to free cash flow for trailing twelve months is now 6.28.
In the same vein, THC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 31.26, a figure that is expected to reach 2.93 in the next quarter, and analysts are predicting that it will be 11.59 at the market close of one year from today.
Technical Analysis of Tenet Healthcare Corp. (THC)
Now, what If we examine the latest scores posted by [Tenet Healthcare Corp., THC]. During the last 5-days, its volume was better the volume of 1.21 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 58.99% While, its Average True Range was 7.38.
Raw Stochastic average of Tenet Healthcare Corp. (THC) in the period of the previous 100 days is set at 69.28%, which indicates a major fall in contrast to 72.61% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 80.09% that was higher than 41.16% volatility it exhibited in the past 100-days period.
