Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Tenet Healthcare Corp’s current trading price is -26.71% away from its 52-week high, while its distance from the 52-week low is 41.01%. The stock’s price range over this period has fluctuated between $88.98 and $171.20. The company, operating within the financial sector, had a trading volume of approximately 1.34 million for the day, which was noticeably lower than the average daily share volume of 1.35 million over the last 3 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 $88.98 on 04/18/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Tenet Healthcare Corp (THC) has experienced a quarterly decline of -12.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.94B and boasts a workforce of 98000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 142.67, with a change in price of -31.00. Similarly, Tenet Healthcare Corp recorded 1,370,011 in trading volume during the last 100 days, posting a change of -19.78%.
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 3.43. Similarly, the long-term debt-to-equity ratio is also 3.36.
THC Stock Stochastic Average
Today’s raw stochastic average for Tenet Healthcare Corp over the last 50 days is 29.14%.This indicates a increase from the raw stochastic average of the past 20 days, which was 29.14%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 29.94% and 34.10%, respectively.
THC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -0.60%. However, over the past six months, we’ve seen a stronger performance of -23.43%. The price of THC leaped by -9.97% over the last 30 days. And in the last five days, it has fallen by -3.18%.
