Tenet Healthcare Corp (NYSE: THC)’s stock price has soared by 4.17 in relation to previous closing price of 162.93. Nevertheless, the company has seen a gain of 0.72% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that STRL, LDOS, THC & AMZN’s impressive interest coverage ratios highlight that these companies can withstand financial hardships.
Is It Worth Investing in Tenet Healthcare Corp (NYSE: THC) Right Now?
Tenet Healthcare Corp (NYSE: THC) has a higher price-to-earnings ratio of 5.43x compared to its average ratio. THC has 36-month beta value of 2.11. Analysts have mixed views 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 92.71M, and currently, short sellers hold a 2.60% ratio of that float. The average trading volume of THC on November 14, 2024 was 1.14M shares.
THC’s Market Performance
THC stock saw an increase of 0.72% in the past week, with a monthly gain of 3.47% and a quarterly increase of 8.34%. The volatility ratio for the week is 3.12%, and the volatility levels for the last 30 days are 3.59% for Tenet Healthcare Corp (THC). The simple moving average for the past 20 days is 6.48% for THC’s stock, with a 29.08% simple moving average for the past 200 days.
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 6.29% 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 -0.86% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares surge +3.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.77% upper at present.
During the last 5 trading sessions, THC fell by -0.26%, which changed the moving average for the period of 200-days by +103.15% in comparison to the 20-day moving average, which settled at $159.31. In addition, Tenet Healthcare Corp saw 124.59% 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 Foo Lisa Y, who sale 4,000 shares at the price of $155.94 back on Oct 31 ’24. After this action, Foo Lisa Y now owns 15,566 shares of Tenet Healthcare Corp, valued at $623,744 using the latest closing price.
Foo Lisa Y, the Officer of Tenet Healthcare Corp, proposed sale 4,000 shares at $155.93 during a trade that took place back on Oct 31 ’24, which means that Foo Lisa Y is holding shares at $623,727 based on the most recent closing price.
Stock Fundamentals for THC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.14 for the gross margin
The net margin for Tenet Healthcare Corp stands at 0.16. The total capital return value is set at 0.14. Equity return is now at value 118.01, with 10.98 for asset returns.
Based on Tenet Healthcare Corp (THC), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 3.36. The interest coverage ratio of the stock is 7.26.
Currently, EBITDA for the company is 3.66 billion with net debt to EBITDA at 2.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 8.07for 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 1.58.
Conclusion
To put it simply, Tenet Healthcare Corp (THC) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
