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After finishing at $147.92 in the prior trading day, Tenet Healthcare Corp (NYSE: THC) closed at $143.63, down -2.90%. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 2.57 million shares were traded. THC stock price reached its highest trading level at $145.628 during the session, while it also had its lowest trading level at $141.09.
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 3.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 3.36 whereas as Long-Term Debt/Eq ratio is at 3.33.
On October 11, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $200.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $153.Robert W. Baird initiated its Outperform rating on May 30, 2024, with a $153 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 Oct 31 ’24 when Foo Lisa Y sold 4,000 shares for $155.94 per share. The transaction valued at 623,744 led to the insider holds 15,566 shares of the business.
Foo Lisa Y bought 4,000 shares of THC for $623,727 on Oct 31 ’24. On Sep 05 ’24, another insider, Ramsey R. Scott, who serves as the Principal Accounting Officer of the company, sold 11,599 shares for $162.06 each. As a result, the insider received 1,879,734 and left with 6,324 shares of the company.
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 13658782720 and an Enterprise Value of 26676783104. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.59, and their Forward P/E ratio for the next fiscal year is 12.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 3.56. Its current Enterprise Value per Revenue stands at 1.272 whereas that against EBITDA is 6.623.
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 $65.90. The 50-Day Moving Average of the stock is -9.59%, while the 200-Day Moving Average is calculated to be 7.74%.
Shares Statistics:
The stock has traded on average 1.20M shares per day over the past 3-months and 1428890 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 93.11M. Insiders hold about 2.09% of the company’s shares, while institutions hold 93.83% stake in the company. Shares short for THC as of 1730332800 were 2407370 with a Short Ratio of 2.01, compared to 1727654400 on 2974086. Therefore, it implies a Short% of Shares Outstanding of 2407370 and a Short% of Float of 3.3299996999999997.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.75.
