Community Health Systems Inc. (NYSE: CYH)’s stock price has increased by 4.65 compared to its previous closing price of 5.16. However, the company has experienced a -8.63% decline in its stock price over the last five trading sessions.
Is It Worth Investing in Community Health Systems Inc. (NYSE: CYH) Right Now?
The price-to-earnings ratio for Community Health Systems Inc. (NYSE: CYH) is 22.98x, which is above its average ratio. Moreover, the 36-month beta value for CYH is 1.70. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Community Health Systems Inc. (CYH) is $8.85, which is $2.92 above the current market price. The public float for CYH is 126.20M and currently, short sellers hold a 6.63% of that float. On March 15, 2023, CYH’s average trading volume was 2.90M shares.
CYH’s Market Performance
CYH’s stock has seen a -8.63% decrease for the week, with a 4.05% rise in the past month and a 50.84% gain in the past quarter. The volatility ratio for the week is 5.79%, and the volatility levels for the past 30 days are at 7.67% for Community Health Systems Inc. The simple moving average for the last 20 days is -11.10% for CYH stock, with a simple moving average of 38.53% for the last 200 days.
Analysts’ Opinion of CYH
Many brokerage firms have already submitted their reports for CYH stocks, with Loop Capital repeating the rating for CYH by listing it as a “Hold.” The predicted price for CYH in the upcoming period, according to Loop Capital is $5 based on the research report published on June 17th of the previous year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see CYH reach a price target of $5.50, previously predicting the price at $7.50. The rating they have provided for CYH stocks is “Neutral” according to the report published on June 15th, 2022.
Wells Fargo gave a rating of “Equal Weight” to CYH, setting the target price at $12 in the report published on March 29th of the previous year.
CYH Trading at 1.65% from the 50-Day Moving Average
After a stumble in the market that brought CYH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.83% of loss for the given period.
Volatility was left at 7.67%, however, over the last 30 days, the volatility rate increased by 5.79%, as shares surge +4.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.17% upper at present.
During the last 5 trading sessions, CYH fell by -8.63%, which changed the moving average for the period of 200-days by +0.19% in comparison to the 20-day moving average, which settled at $6.09. In addition, Community Health Systems Inc. saw 25.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CYH starting from SMITH WAYNE T, who purchase 800,000 shares at the price of $2.94 back on Aug 02. After this action, SMITH WAYNE T now owns 4,059,196 shares of Community Health Systems Inc., valued at $2,352,000 using the latest closing price.
SMITH WAYNE T, the Executive Chairman of Community Health Systems Inc., purchase 200,000 shares at $3.00 during a trade that took place back on Aug 01, which means that SMITH WAYNE T is holding 3,259,196 shares at $600,000 based on the most recent closing price.
Stock Fundamentals for CYH
Current profitability levels for the company are sitting at:
- +5.96 for the present operating margin
- +5.96 for the gross margin
The net margin for Community Health Systems Inc. stands at +0.38. Equity return is now at value -2.90, with 0.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
To wrap up, the performance of Community Health Systems Inc. (CYH) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
