$1.28M in average volume shows that Tenet Healthcare Corp (THC) is heading in the right direction

On Monday, Tenet Healthcare Corp (NYSE: THC) opened lower -2.15% from the last session, before settling in for the closing price of $136.71. Price fluctuations for THC have ranged from $73.21 to $171.20 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 2.48%. Company’s average yearly earnings per share was noted 62.20% at the time writing. With a float of $93.11 million, this company’s outstanding shares have now reached $95.08 million.

Considering the fact that the conglomerate employs 106500 people, you should pay attention to its efficiency factor. 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 Activity

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 93.91%. 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) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 62.20% 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 0.61. Likewise, its price to free cash flow for the trailing twelve months is 5.37.

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 11.42 in one year’s time.

Technical Analysis of Tenet Healthcare Corp (THC)

Compared to the last year’s volume of 1.23 million, its volume of 1.39 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.20%. Additionally, its Average True Range was 5.12.

During the past 100 days, Tenet Healthcare Corp’s (THC) raw stochastic average was set at 2.65%, which indicates a significant decrease from 6.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.78% in the past 14 days, which was lower than the 42.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $151.92, while its 200-day Moving Average is $137.01. Nevertheless, the first resistance level for the watch stands at $137.38 in the near term. At $141.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $143.31. If the price goes on to break the first support level at $131.45, it is likely to go to the next support level at $129.14. Should the price break the second support level, the third support level stands at $125.52.

Tenet Healthcare Corp (NYSE: THC) Key Stats

There are currently 95,097K shares outstanding in the company with a market cap of 12.85 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.