Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Community Health Systems, Inc. (NYSE: CYH) closed the day trading at $2.84 down -0.70% from the previous closing price of $2.86. In other words, the price has decreased by $-0.70 from its previous closing price. On the day, 1.79 million shares were traded. CYH stock price reached its highest trading level at $2.94 during the session, while it also had its lowest trading level at $2.77.
Ratios:
For a better understanding of CYH, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.50.
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, Barclays on March 06, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $3.
On June 17, 2022, Loop Capital started tracking the stock assigning a Hold rating and target price of $5.
BofA Securities Downgraded its Buy to Neutral on June 15, 2022, whereas the target price for the stock was revised from $7.50 to $5.50.
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 ’23 when SMITH WAYNE T bought 1,000,000 shares for $2.11 per share. The transaction valued at 2,110,000 led to the insider holds 5,107,901 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CYH now has a Market Capitalization of 394708864 and an Enterprise Value of 13075140608. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 1.047 whereas that against EBITDA is 10.097.
Stock Price History:
The Beta on a monthly basis for CYH is 1.60, which has changed by -0.51945853 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, CYH has reached a high of $6.53, while it has fallen to a 52-week low of $2.01. The 50-Day Moving Average of the stock is -10.02%, while the 200-Day Moving Average is calculated to be -12.11%.
Shares Statistics:
Over the past 3-months, CYH traded about 2.05M shares per day on average, while over the past 10 days, CYH traded about 1786340 shares per day. A total of 136.77M shares are outstanding, with a floating share count of 123.84M. Insiders hold about 9.43% of the company’s shares, while institutions hold 72.48% stake in the company. Shares short for CYH as of 1711584000 were 6320380 with a Short Ratio of 3.09, compared to 1709164800 on 7018990. Therefore, it implies a Short% of Shares Outstanding of 6320380 and a Short% of Float of 5.0200000000000005.
Earnings Estimates
Investors are keenly observing as 8 analysts analyze and rate the current performance of Community Health Systems, Inc. (CYH) in the stock market.On average, analysts expect EPS of $-0.16 for the current quarter, with a high estimate of $-0.07 and a low estimate of $-0.21, while EPS last year was $-0.43. The consensus estimate for the next quarter is $-0.12, with high estimates of $-0.02 and low estimates of $-0.18.
Analysts are recommending an EPS of between $-0.32 and $-0.55 for the fiscal current year, implying an average EPS of $-0.41. EPS for the following year is $0.14, with 9 analysts recommending between $0.56 and $-0.24.
Revenue Estimates
8 analysts predict $3.09B in revenue for the current quarter. It ranges from a high estimate of $3.13B to a low estimate of $3.05B. As of the current estimate, Community Health Systems, Inc.’s year-ago sales were $3.11B, an estimated decrease of -0.50% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $3.09B, an increase of 1.80% over than the figure of $-0.50% in the same quarter last year. There is a high estimate of $3.14B for the next quarter, whereas the lowest estimate is $3.06B.
Based on 8 analysts’ estimates, the company’s revenue will be $13.01B in the next fiscal year. The high estimate is $13.14B and the low estimate is $12.73B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.
