The stock of Tenet Healthcare Corp. (THC) has seen a -4.67% decrease in the past week, with a -8.08% drop in the past month, and a 1.66% flourish in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.88% for THC. The simple moving average for the past 20 days is -2.67% for THC’s stock, with a 22.72% simple moving average for the past 200 days.
Is It Worth Investing in Tenet Healthcare Corp. (NYSE: THC) Right Now?
The price-to-earnings ratio for Tenet Healthcare Corp. (NYSE: THC) is 5.64x, which is above its average ratio. Moreover, the 36-month beta value for THC is 2.14. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 0 as “sell.”
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The public float for THC is 93.44M and currently, short sellers hold a 3.18% of that float. On October 24, 2024, THC’s average trading volume was 1.14M shares.
THC) stock’s latest price update
Tenet Healthcare Corp. (NYSE: THC)’s stock price has plunge by -2.20relation to previous closing price of 157.62. Nevertheless, the company has seen a -4.67% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-10-24 that Zacks.com users have recently been watching Tenet (THC) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
Analysts’ Opinion of THC
Many brokerage firms have already submitted their reports for THC stocks, with KeyBanc Capital Markets repeating the rating for THC by listing it as a “Overweight.” The predicted price for THC in the upcoming period, according to KeyBanc Capital Markets is $200 based on the research report published on October 11, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see THC reach a price target of $153. The rating they have provided for THC stocks is “Outperform” according to the report published on May 30th, 2024.
Wolfe Research gave a rating of “Outperform” to THC, setting the target price at $122 in the report published on March 27th of the current year.
THC Trading at -3.68% 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 -9.96% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -5.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.88% upper at present.
During the last 5 trading sessions, THC fell by -3.93%, which changed the moving average for the period of 200-days by +95.75% in comparison to the 20-day moving average, which settled at $158.44. In addition, Tenet Healthcare Corp. saw 103.99% 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 Ramsey R. Scott, who sale 11,599 shares at the price of $162.06 back on Sep 05 ’24. After this action, Ramsey R. Scott now owns 6,324 shares of Tenet Healthcare Corp., valued at $1,879,734 using the latest closing price.
FISHER RICHARD W, the Director of Tenet Healthcare Corp., sale 2,000 shares at $163.67 during a trade that took place back on Aug 27 ’24, which means that FISHER RICHARD W is holding 14,227 shares at $327,332 based on the most recent closing price.
Stock Fundamentals for THC
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.3 for the gross margin
The net margin for Tenet Healthcare Corp. stands at 0.13. The total capital return value is set at 0.11. Equity return is now at value 114.36, with 9.77 for asset returns.
Based on Tenet Healthcare Corp. (THC), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 3.7. The interest coverage ratio of the stock is 3.11.
Currently, EBITDA for the company is 3.3 billion with net debt to EBITDA at 2.75. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 5.35for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
To wrap up, the performance of Tenet Healthcare Corp. (THC) 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.
