Community Health Systems, Inc. (NYSE:CYH) shares, rose in value, with the stock price up by 3.25% to the previous day’s close as strong demand from buyers drove the stock to $3.18.
Actively observing the price movement in the last trading, the stock closed the session at $3.08. The value of beta (5-year monthly) was 1.55. Referring to stock’s 52-week performance, its high was $6.53, and the low was $2.01. On the whole, CYH has fluctuated by 13.98% over the past month.
With the market capitalization of Community Health Systems, Inc. currently standing at about $434.83 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024 – May 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.16, which is expected to increase to -$0.02 for fiscal year -$0.41 and then to about $0.14 by fiscal year 2025. Data indicates that the EPS growth is expected to be 70.50% in 2025, while the next year’s EPS growth is forecast to be 134.10%.
Analysts have estimated the company’s revenue for the quarter at $3.09 billion, with a low estimate of $3.05 billion and a high estimate of $3.13 billion. According to the average forecast, sales growth in current quarter could jump down -0.50%, compared to the corresponding quarter of last year.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CYH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 25% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CYH currently trading nearly 1.99% and -4.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.67, while the 7-day volatility ratio is showing 5.65% which for the 30-day chart, stands at 5.94%. Furthermore, Community Health Systems, Inc. (CYH)’s beta value is 1.57, and its average true range (ATR) is 0.20.
A comparison of Community Health Systems, Inc. (CYH) with its peers suggests the former has fared considerably weaker in the market. CYH showed an intraday change of 3.25% in last session, and over the past year, it shrunk by -35.50%%.
Data on historical trading for Community Health Systems, Inc. (NYSE:CYH) indicates that the trading volumes over the past 10 days have averaged 1.62 million and over the past 3 months, they’ve averaged 2.12 million. According to company’s latest data on outstanding shares, there are 136.77 million shares outstanding.
Nearly 8.88% of Community Health Systems, Inc.’s shares belong to company insiders and institutional investors own 72.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.41 million shares as on Mar 15, 2024, resulting in a short ratio of 2.57. According to the data, the short interest in Community Health Systems, Inc. (CYH) stood at 5.42% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.2 million. The stock has risen by 1.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CYH stock heading into the next quarter.
