In the past week, THC stock has gone down by -7.14%, with a monthly decline of -18.03% and a quarterly plunge of -23.89%. The volatility ratio for the week is 3.37%, and the volatility levels for the last 30 days are 3.28% for Tenet Healthcare Corp The simple moving average for the past 20 days is -9.55% for THC’s stock, with a -8.59% simple moving average for the past 200 days.
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 4.02x compared to its average ratio, The 36-month beta value for THC is at 2.07. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 6 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for THC is 93.11M, and currently, shorts hold a 2.61% of that float. The average trading volume for THC on December 20, 2024 was 1.29M shares.
THC) stock’s latest price update
Tenet Healthcare Corp (NYSE: THC)’s stock price has plunge by -1.38relation to previous closing price of 127.46. Nevertheless, the company has seen a -7.14% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-17 that Tenet Healthcare is well-positioned for long-term growth due to rising healthcare demand and strategic focus on cost-efficient outpatient services. Financials show strong revenue and net income growth, driven by asset sales, higher operating income, and expense management. Ambulatory Surgery Centers are set for continued revenue growth and are likely to be a key driver of Tenet’s continues success.
Analysts’ Opinion of THC
Many brokerage firms have already submitted their reports for THC stocks, with JP Morgan repeating the rating for THC by listing it as a “Overweight.” The predicted price for THC in the upcoming period, according to JP Morgan is $175 based on the research report published on December 17, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see THC reach a price target of $140, previously predicting the price at $196. The rating they have provided for THC stocks is “Neutral” according to the report published on December 16th, 2024.
Wells Fargo gave a rating of “Equal Weight” to THC, setting the target price at $150 in the report published on November 25th of the current year.
THC Trading at -16.47% 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 -26.58% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 3.37%, as shares sank -17.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.41% lower at present.
During the last 5 trading sessions, THC fell by -7.14%, which changed the moving average for the period of 200-days by +29.13% in comparison to the 20-day moving average, which settled at $138.98. In addition, Tenet Healthcare Corp saw 66.34% 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 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 0.99. 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
In conclusion, Tenet Healthcare Corp (THC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
