As on Thursday, Tenet Healthcare Corp (NYSE: THC) got off with the flyer as it spiked 5.08% to $168.52, before settling in for the price of $160.37 at the close. Taking a more long-term approach, THC posted a 52-week range of $52.08-$171.20.
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It was noted that the giant of the Healthcare sector posted annual sales growth of 2.48% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 40.40%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 60.29%. This publicly-traded company’s shares outstanding now amounts to $99.95 million, simultaneously with a float of $92.73 million. The organization now has a market capitalization sitting at $16.03 billion. At the time of writing, stock’s 50-day Moving Average stood at $159.43, while the 200-day Moving Average is $129.42.
Tenet Healthcare Corp (THC) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Medical Care Facilities industry. Tenet Healthcare Corp’s current insider ownership accounts for 2.49%, in contrast to 96.61% institutional ownership. According to the most recent insider trade that took place on Oct 31 ’24, this organization’s EVP, Commercial Ops sold 4,000 shares at the rate of 155.94, making the entire transaction reach 623,744 in total value, affecting insider ownership by 15,566.
Tenet Healthcare Corp (THC) Earnings and Revenue Records
Tenet Healthcare Corp’s EPS increase for this current 12-month fiscal period is 60.29% and is forecasted to reach 11.56 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 22.95% 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 6.81. Alongside those numbers, its PE Ratio stands at $5.39, and its Beta score is 2.11. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.76. Similarly, its price to free cash flow for trailing twelve months is now 6.70.
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 11.56 at the market close of one year from today.
Technical Analysis of Tenet Healthcare Corp (THC)
Through scrutinizing the latest numbers posted by the [Tenet Healthcare Corp, THC], it can be observed that its last 5-days Average volume of 1.57 million was better the volume of 1.22 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 91.43% While, its Average True Range was 7.37.
Raw Stochastic average of Tenet Healthcare Corp (THC) in the period of the previous 100 days is set at 93.73%, which indicates a major fall in contrast to 99.75% 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 84.97% that was higher than 42.35% volatility it exhibited in the past 100-days period.
