A new trading day began on Friday, with Tenet Healthcare Corp (NYSE: THC) stock price down -2.90% from the previous day of trading, before settling in for the closing price of $147.92. THC’s price has ranged from $65.90 to $171.20 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 2.48% over the last five years. Meanwhile, its annual earnings per share averaged 62.23%. With a float of $93.11 million, this company’s outstanding shares have now reached $99.95 million.
The firm has a total of 106500 workers. Let’s measure their productivity. In terms of profitability, gross margin is 18.8%, operating margin of 15.44%, and the pretax margin is 24.38%.
Tenet Healthcare Corp (THC) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Care Facilities Industry. The insider ownership of Tenet Healthcare Corp is 2.09%, while institutional ownership is 93.83%. The most recent insider transaction that took place on Oct 31 ’24, was worth 623,744. In this transaction EVP, Commercial Ops of this company sold 4,000 shares at a rate of $155.94, taking the stock ownership to the 15,566 shares. Before that another transaction happened on Oct 31 ’24, when Company’s Officer proposed sale 4,000 for $155.93, making the entire transaction worth $623,727.
Tenet Healthcare Corp (THC) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 62.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.95% during the next five years compared to 40.40% growth over the previous five years of trading.
Tenet Healthcare Corp (NYSE: THC) Trading Performance Indicators
Here are Tenet Healthcare Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.63. Likewise, its price to free cash flow for the trailing twelve months is 5.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 31.26, a number that is poised to hit 2.95 in the next quarter and is forecasted to reach 11.57 in one year’s time.
Technical Analysis of Tenet Healthcare Corp (THC)
Analysing the last 5-days average volume posted by the [Tenet Healthcare Corp, THC], we can find that recorded value of 1.59 million was better than the volume posted last year of 1.23 million. As of the previous 9 days, the stock’s Stochastic %D was 12.40%. Additionally, its Average True Range was 6.47.
During the past 100 days, Tenet Healthcare Corp’s (THC) raw stochastic average was set at 35.45%, which indicates a significant increase from 8.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.55% in the past 14 days, which was lower than the 43.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $158.87, while its 200-day Moving Average is $133.31. Now, the first resistance to watch is $145.81. This is followed by the second major resistance level at $147.99. The third major resistance level sits at $150.35. If the price goes on to break the first support level at $141.27, it is likely to go to the next support level at $138.91. Now, if the price goes above the second support level, the third support stands at $136.73.
Tenet Healthcare Corp (NYSE: THC) Key Stats
With a market capitalization of 13.26 billion, the company has a total of 95,097K Shares Outstanding. Currently, annual sales are 20,548 M while annual income is 611,000 K. The company’s previous quarter sales were 5,122 M while its latest quarter income was 472,000 K.
