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As of close of business last night, Tenet Healthcare Corp.’s stock clocked out at $131.42, down -2.21% from its previous closing price of $134.39. In other words, the price has decreased by -$2.21 from its previous closing price. On the day, 1.06 million shares were traded. THC stock price reached its highest trading level at $134.35 during the session, while it also had its lowest trading level at $130.77.
Ratios:
To gain a deeper understanding of THC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 3.73 whereas as Long-Term Debt/Eq ratio is at 3.70.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 10 ’24 when FISHER RICHARD W sold 1,400 shares for $132.24 per share. The transaction valued at 185,136 led to the insider holds 16,227 shares of the business.
KERREY J ROBERT sold 9,500 shares of THC for $1,267,339 on May 31 ’24. The Director now owns 0 shares after completing the transaction at $133.40 per share. On May 30 ’24, another insider, KERREY J ROBERT, who serves as the Director of the company, sold 14,322 shares for $134.01 each. As a result, the insider received 1,919,238 and left with 46,403 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 12837499904 and an Enterprise Value of 27743619072. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.08, and their Forward P/E ratio for the next fiscal year is 14.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.60. 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 3.72. Its current Enterprise Value per Revenue stands at 1.328 whereas that against EBITDA is 7.261.
Stock Price History:
The Beta on a monthly basis for THC is 2.15, which has changed by 0.6704786 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, THC has reached a high of $142.35, while it has fallen to a 52-week low of $51.04. The 50-Day Moving Average of the stock is -0.19%, while the 200-Day Moving Average is calculated to be 41.93%.
Shares Statistics:
It appears that THC traded 1.31M shares on average per day over the past three months and 1185270 shares per day over the past ten days. A total of 99.95M shares are outstanding, with a floating share count of 95.16M. Insiders hold about 2.58% of the company’s shares, while institutions hold 95.26% stake in the company. Shares short for THC as of 1719532800 were 4596088 with a Short Ratio of 3.52, compared to 1717113600 on 4462972. Therefore, it implies a Short% of Shares Outstanding of 4596088 and a Short% of Float of 6.140000000000001.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.75. The current Payout Ratio is 0.00% for THC, which recently paid a dividend on 2000-03-13 with an ex-dividend date of 952905600. Stock splits for the company last occurred on 2012-10-11 when the company split stock in a 1:4 ratio.
