Tenet Healthcare Corporation (NYSE: THC) has experienced a decline in its stock price by -4.46 compared to its previous closing price of 72.69. However, the company has seen a fall of -2.87% in its stock price over the last five trading days. The Wall Street Journal reported on 06/24/21 that Hospital Stocks’ Rally Points to Post-Covid Growth
Is It Worth Investing in Tenet Healthcare Corporation (NYSE: THC) Right Now?
The price-to-earnings ratio for Tenet Healthcare Corporation (NYSE: THC) is above average at 17.99x, while the 36-month beta value is 2.14.Analysts have differing opinions on the stock, with 15 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Tenet Healthcare Corporation (THC) is $85.47, which is $15.9 above the current market price. The public float for THC is 100.56M, and currently, short sellers hold a 4.04% ratio of that floaft. The average trading volume of THC on May 24, 2023 was 1.50M shares.
THC’s Market Performance
The stock of Tenet Healthcare Corporation (THC) has seen a -2.87% decrease in the past week, with a 0.65% rise in the past month, and a 16.94% gain in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.73% for THC. The simple moving average for the past 20 days is -2.26% for THC’s stock, with a 24.94% simple moving average for the past 200 days.
THC Trading at 8.08% from the 50-Day Moving Average
After a stumble in the market that brought THC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.28% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -1.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.83% upper at present.
During the last 5 trading sessions, THC fell by -2.87%, which changed the moving average for the period of 200-days by +7.89% in comparison to the 20-day moving average, which settled at $70.99. In addition, Tenet Healthcare Corporation saw 42.34% 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 THC starting from Arnst Thomas W, who sale 21,178 shares at the price of $73.12 back on May 19. After this action, Arnst Thomas W now owns 0 shares of Tenet Healthcare Corporation, valued at $1,548,602 using the latest closing price.
Arnst Thomas W, the EVP, Chief Admin. Officer & GC of Tenet Healthcare Corporation, sale 1,600 shares at $60.07 during a trade that took place back on Mar 07, which means that Arnst Thomas W is holding 21,178 shares at $96,112 based on the most recent closing price.
Stock Fundamentals for THC
Current profitability levels for the company are sitting at:
- +11.57 for the present operating margin
- +11.86 for the gross margin
The net margin for Tenet Healthcare Corporation stands at +2.14. The total capital return value is set at 10.57, while invested capital returns managed to touch 2.37. Equity return is now at value 35.30, with 1.50 for asset returns.
Based on Tenet Healthcare Corporation (THC), the company’s capital structure generated 1,430.12 points at debt to equity in total, while total debt to capital is 93.46. Total debt to assets is 60.14, with long-term debt to equity ratio resting at 1,399.30. Finally, the long-term debt to capital ratio is 91.45.
When we switch over and look at the enterprise to sales, we see a ratio of 1.18, with the company’s debt to enterprise value settled at 0.67. The receivables turnover for the company is 6.31 and the total asset turnover is 0.70. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In a nutshell, Tenet Healthcare Corporation (THC) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
