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In the latest session, Tenet Healthcare Corp (NYSE: THC) closed at $135.36 down -3.38% from its previous closing price of $140.09. In other words, the price has decreased by -$3.38 from its previous closing price. On the day, 1.74 million shares were traded. THC stock price reached its highest trading level at $141.2149 during the session, while it also had its lowest trading level at $134.77.
Ratios:
For a deeper understanding of Tenet Healthcare Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.38. 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.
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 the company, Wells Fargo on November 25, 2024, Downgraded its rating to Equal Weight and sets its target price to $150 from $205 previously.
On November 22, 2024, Raymond James Downgraded its rating to Outperform which previously was Strong Buy but kept the price unchanged to $195.
On October 11, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $200.KeyBanc Capital Markets initiated its Overweight rating on October 11, 2024, with a $200 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 13322143744 and an Enterprise Value of 25890330624. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.33, and their Forward P/E ratio for the next fiscal year is 11.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 1.235 whereas that against EBITDA is 6.428.
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 $70.92. The 50-Day Moving Average of the stock is -11.40%, while the 200-Day Moving Average is calculated to be -0.91%.
Shares Statistics:
For the past three months, THC has traded an average of 1.25M shares per day and 987450 over the past ten days. A total of 95.08M shares are outstanding, with a floating share count of 93.11M. Insiders hold about 2.09% of the company’s shares, while institutions hold 93.93% stake in the company. Shares short for THC as of 1732838400 were 2429071 with a Short Ratio of 1.94, compared to 1730332800 on 2407370. Therefore, it implies a Short% of Shares Outstanding of 2429071 and a Short% of Float of 3.36.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.75.
