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After finishing at $162.87 in the prior trading day, Tenet Healthcare Corp. (NYSE: THC) closed at $161.81, down -0.65%. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.67 million shares were traded. THC stock price reached its highest trading level at $163.975 during the session, while it also had its lowest trading level at $161.52.
Ratios:
Our goal is to gain a better understanding of THC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.20. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.45. In the meantime, Its Debt-to-Equity ratio is 3.70 whereas as Long-Term Debt/Eq ratio is at 3.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Robert W. Baird on May 30, 2024, initiated with a Outperform rating and assigned the stock a target price of $153.
On March 27, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $122.
On March 06, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $113.Barclays initiated its Overweight rating on March 06, 2024, with a $113 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 05 ’24 when Ramsey R. Scott sold 11,599 shares for $162.06 per share. The transaction valued at 1,879,734 led to the insider holds 6,324 shares of the business.
FISHER RICHARD W sold 2,000 shares of THC for $327,332 on Aug 27 ’24. The Director now owns 14,227 shares after completing the transaction at $163.67 per share. On Aug 27 ’24, another insider, FISHER RICHARD W, who serves as the Director of the company, bought 2,000 shares for $163.67 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, THC now has a Market Capitalization of 15606524928 and an Enterprise Value of 29889957888. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.92, and their Forward P/E ratio for the next fiscal year is 14.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 4.46. Its current Enterprise Value per Revenue stands at 1.429 whereas that against EBITDA is 7.606.
Stock Price History:
Over the past 52 weeks, THC has reached a high of $171.20, while it has fallen to a 52-week low of $51.04. The 50-Day Moving Average of the stock is 3.07%, while the 200-Day Moving Average is calculated to be 36.32%.
Shares Statistics:
The stock has traded on average 1.15M shares per day over the past 3-months and 1047950 shares per day over the last 10 days, according to various share statistics. A total of 99.95M shares are outstanding, with a floating share count of 93.44M. Insiders hold about 2.49% of the company’s shares, while institutions hold 95.96% stake in the company. Shares short for THC as of 1726185600 were 3094337 with a Short Ratio of 2.68, compared to 1723680000 on 3295635. Therefore, it implies a Short% of Shares Outstanding of 3094337 and a Short% of Float of 4.24.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.75.
