The stock of Tenet Healthcare Corp. (NYSE: THC) has decreased by -2.31 when compared to last closing price of 98.27.Despite this, the company has seen a loss of -5.04% in its stock price over the last five trading days. Schaeffers Research reported 2024-04-12 that Subscribers to Schaeffer’s Weekend Trader options recommendation service received this THC commentary on Sunday night, along with a detailed options trade recommendation — including complete entry and exit parameters.
Is It Worth Investing in Tenet Healthcare Corp. (NYSE: THC) Right Now?
The price-to-earnings ratio for Tenet Healthcare Corp. (NYSE: THC) is above average at 16.46x, Company’s 36-month beta value is 2.14.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for THC is 96.97M, and currently, short sellers hold a 4.39% ratio of that floaft. The average trading volume of THC on April 18, 2024 was 1.14M shares.
THC’s Market Performance
The stock of Tenet Healthcare Corp. (THC) has seen a -5.04% decrease in the past week, with a -4.36% drop in the past month, and a 21.92% gain in the past quarter. The volatility ratio for the week is 3.31%, and the volatility levels for the past 30 days are at 2.46% for THC. The simple moving average for the last 20 days is -6.03% for THC’s stock, with a simple moving average of 24.00% for the last 200 days.
Analysts’ Opinion of THC
Many brokerage firms have already submitted their reports for THC stocks, with Wolfe Research repeating the rating for THC by listing it as a “Outperform.” The predicted price for THC in the upcoming period, according to Wolfe Research is $122 based on the research report published on March 27, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see THC reach a price target of $113. The rating they have provided for THC stocks is “Overweight” according to the report published on March 06th, 2024.
Cantor Fitzgerald gave a rating of “Overweight” to THC, setting the target price at $73 in the report published on April 21st of the previous year.
THC Trading at -0.84% 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 -10.95% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares sank -6.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.62% upper at present.
During the last 5 trading sessions, THC fell by -5.04%, which changed the moving average for the period of 200-days by +17.97% in comparison to the 20-day moving average, which settled at $101.84. In addition, Tenet Healthcare Corp. saw 27.03% 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 MARK RICHARD J, who sale 14,000 shares at the price of $98.98 back on Mar 12 ’24. After this action, MARK RICHARD J now owns 33,303 shares of Tenet Healthcare Corp., valued at $1,385,720 using the latest closing price.
Arbour Paola M, the EVP, Chief Information Officer of Tenet Healthcare Corp., sale 18,168 shares at $96.96 during a trade that took place back on Mar 06 ’24, which means that Arbour Paola M is holding 29,803 shares at $1,761,569 based on the most recent closing price.
Stock Fundamentals for THC
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.64 for the gross margin
The net margin for Tenet Healthcare Corp. stands at 0.04. The total capital return value is set at 0.11. Equity return is now at value 44.44, with 2.20 for asset returns.
Based on Tenet Healthcare Corp. (THC), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 9.38. The interest coverage ratio of the stock is 2.77.
Currently, EBITDA for the company is 3.3 billion with net debt to EBITDA at 4.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 5.15for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In a nutshell, Tenet Healthcare Corp. (THC) has experienced a mixed performance in recent times. The stock has received mixed “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.
