Tenet Healthcare Corporation (THC) is priced at $68.59 after the most recent trading session. At the very opening of the session, the stock price was $71.18 and reached a high price of $73.65, prior to closing the session it reached the value of $72.25. The stock touched a low price of $70.85.
Recently in News on July 21, 2021, Tenet Reports Second Quarter 2021 Results; Raises 2021 Financial Guidance. Net income from continuing operations available to common shareholders in Q2’21 of $120 million versus net income from continuing operations of $88 million in Q2’20. You can read further details here
Tenet Healthcare Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $73.65 on 07/21/21, with the lowest value was $38.03 for the same time period, recorded on 01/04/21.
Tenet Healthcare Corporation (THC) full year performance was 215.36%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Tenet Healthcare Corporation shares are logging -6.87% during the 52-week period from high price, and 221.42% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $21.34 and $73.65.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 924989 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Tenet Healthcare Corporation (THC) recorded performance in the market was 80.94%, having the revenues showcasing 32.50% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.80B, as it employees total of 85800 workers.
Analysts verdict on Tenet Healthcare Corporation (THC)
During the last month, 8 analysts gave the Tenet Healthcare Corporation a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 61.12, with a change in the price was noted +15.68. In a similar fashion, Tenet Healthcare Corporation posted a movement of +29.65% for the period of last 100 days, recording 1,008,988 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for THC is recording 123.86 at the time of this writing. In addition, long term Debt to Equity ratio is set at 122.75.
Tenet Healthcare Corporation (THC): Technical Analysis
Raw Stochastic average of Tenet Healthcare Corporation in the period of last 50 days is set at 63.41%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 49.90%. In the last 20 days, the company’s Stochastic %K was 73.74% and its Stochastic %D was recorded 59.77%.
Let’s take a glance in the erstwhile performances of Tenet Healthcare Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 80.94%. Additionally, trading for the stock in the period of the last six months notably improved by 50.49%, alongside a boost of 215.36% for the period of the last 12 months. The shares increased approximately by 8.19% in the 7-day charts and went up by 5.35% in the period of the last 30 days. Common stock shares were driven by 32.50% during last recorded quarter.