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After finishing at $153.35 in the prior trading day, Tenet Healthcare Corp (NYSE: THC) closed at $151.84, down -0.98%. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 0.98 million shares were traded. THC stock price reached its highest trading level at $152.76 during the session, while it also had its lowest trading level at $149.63.
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 3.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.03. 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 this company, KeyBanc Capital Markets on October 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $200.
On May 30, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $153.
Wolfe Research Upgraded its Peer Perform to Outperform on March 27, 2024, while the target price for the stock was maintained at $122.
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 14439528448 and an Enterprise Value of 27457527808. As of this moment, Tenet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.86, and their Forward P/E ratio for the next fiscal year is 13.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 3.77. Its current Enterprise Value per Revenue stands at 1.309 whereas that against EBITDA is 6.817.
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 $62.70. The 50-Day Moving Average of the stock is -4.77%, while the 200-Day Moving Average is calculated to be 14.39%.
Shares Statistics:
The stock has traded on average 1.17M shares per day over the past 3-months and 1174960 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 2.06, 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.
