The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Tenet Healthcare Corp’s current trading price is -20.93% away from its 52-week high, while its distance from the 52-week low is 90.86%. The stock’s price range for this period has been between $70.92 and $171.20 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 1.74 million for the day, a number notably higher than the average daily volume of 1.25 million over the last three months.
In terms of market performance, Tenet Healthcare Corp had a fairly even. The highest value for the stock in the past year was $171.20 on 09/23/24, and the lowest value was recorded at $70.92 on 12/13/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Tenet Healthcare Corp (THC) has experienced a quarterly decline of -16.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.87B and boasts a workforce of 106500 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 155.12, with a change in price of -3.32. Similarly, Tenet Healthcare Corp recorded 1,253,208 in trading volume during the last 100 days, posting a change of -2.39%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for THC stands at 3.36. Similarly, the long-term debt-to-equity ratio is also 3.33.
THC Stock Stochastic Average
As of today, Tenet Healthcare Corp’s raw stochastic average for the last 50 days stands at 1.68%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 1.68%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 6.15% and 8.19%, respectively.
THC Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant gain of 79.12% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -2.95%. Over the past 30 days, the price of THC has leaped by -17.57%. And in the last five days, it has fallen by -2.55%.
