Tenet Healthcare Corp (NYSE: THC) has a higher price-to-earnings ratio of 4.54x compared to its average ratio. THC has 36-month beta value of 2.07. Analysts have mixed views on the stock, with 13 analysts rating it as a “buy,” 6 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for THC is 93.11M, and currently, short sellers hold a 2.23% ratio of that float. The average trading volume of THC on November 28, 2024 was 1.26M shares.
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THC) stock’s latest price update
The stock price of Tenet Healthcare Corp (NYSE: THC) has plunged by -2.51 when compared to previous closing price of 145.64, but the company has seen a -6.49% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-27 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
THC’s Market Performance
Tenet Healthcare Corp (THC) has seen a -6.49% fall in stock performance for the week, with a -12.77% decline in the past month and a -13.78% plunge in the past quarter. The volatility ratio for the week is 4.07%, and the volatility levels for the past 30 days are at 3.72% for THC. The simple moving average for the last 20 days is -9.21% for THC stock, with a simple moving average of 5.85% for the last 200 days.
Analysts’ Opinion of THC
Many brokerage firms have already submitted their reports for THC stocks, with Wells Fargo repeating the rating for THC by listing it as a “Equal Weight.” The predicted price for THC in the upcoming period, according to Wells Fargo is $150 based on the research report published on November 25, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see THC reach a price target of $195. The rating they have provided for THC stocks is “Outperform” according to the report published on November 22nd, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to THC, setting the target price at $200 in the report published on October 11th of the current year.
THC Trading at -10.04% 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 -17.07% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares sank -10.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.85% lower at present.
During the last 5 trading sessions, THC fell by -6.49%, which changed the moving average for the period of 200-days by +61.21% in comparison to the 20-day moving average, which settled at $156.38. In addition, Tenet Healthcare Corp saw 87.88% 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
- 0.19 for the gross margin
The net margin for Tenet Healthcare Corp stands at 0.15. 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 3.81.
Currently, EBITDA for the company is 3.39 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 1.06. The receivables turnover for the company is 5.84for 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 mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
