On Tuesday, Tenet Healthcare Corp (NYSE: THC) opened lower -1.35% from the last session, before settling in for the closing price of $141.01. Price fluctuations for THC have ranged from $70.76 to $171.20 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Healthcare sector has jumped its sales by 2.48% annually for the last half of the decade. Company’s average yearly earnings per share was noted 62.33% at the time writing. With a float of $93.11 million, this company’s outstanding shares have now reached $95.08 million.
In an organization with 106500 employees, it is important to assess its efficiency. 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) 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 Tenet Healthcare Corp is 2.09%, while institutional ownership is 93.93%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 62.33% 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
Check out the current performance indicators for Tenet Healthcare Corp (THC). In the past quarter, the stock posted 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 5.53.
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 11.53 in one year’s time.
Technical Analysis of Tenet Healthcare Corp (THC)
Let’s dig in a bit further. During the last 5-days, its volume was 1.02 million. That was inferior than the volume of 1.22 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.62%. Additionally, its Average True Range was 5.27.
During the past 100 days, Tenet Healthcare Corp’s (THC) raw stochastic average was set at 17.88%, which indicates a significant increase from 14.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.63% in the past 14 days, which was lower than the 42.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $153.76, while its 200-day Moving Average is $136.12. However, in the short run, Tenet Healthcare Corp’s stock first resistance to watch stands at $142.18. Second resistance stands at $145.25. The third major resistance level sits at $147.59. If the price goes on to break the first support level at $136.77, it is likely to go to the next support level at $134.43. The third support level lies at $131.36 if the price breaches the second support level.
Tenet Healthcare Corp (NYSE: THC) Key Stats
There are currently 95,097K shares outstanding in the company with a market cap of 13.23 billion. Presently, the company’s annual sales total 20,548 M according to its annual income of 611,000 K. Last quarter, the company’s sales amounted to 5,122 M and its income totaled 472,000 K.
