Tenet Healthcare Corp (NYSE:THC) shares, rose in value on Friday, March 28, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $133.14.
Actively observing the price movement in the last trading, the stock closed the session at $134.44, falling within a range of $131.39 and $135.81. The value of beta (5-year monthly) was 2.068 whereas the PE ratio was 4.13 over 12-month period. Referring to stock’s 52-week performance, its high was $171.20, and the low was $90.03. On the whole, THC has fluctuated by 2.04% over the past month.
With the market capitalization of Tenet Healthcare Corp currently standing at about $12.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.9B, with a low estimate of 4.99B and a high estimate of 5.43B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.15B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that THC’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% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.48, with the price of THC currently trading nearly 5.10% and 0.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.72, while the 7-day volatility ratio is showing 4.13% which for the 30-day chart, stands at 4.02%. Furthermore, Tenet Healthcare Corp (THC)’s beta value is 1.80, and its average true range (ATR) is 5.26.
A comparison of Tenet Healthcare Corp (THC) with its peers suggests the former has fared considerably weaker in the market. THC showed an intraday change of -0.97% in last session, and over the past year, it grew by 30.12%%.
Data on historical trading for Tenet Healthcare Corp (NYSE:THC) indicates that the trading volumes over the past 10 days have averaged 1.86 and over the past 3 months, they’ve averaged 1.49 million. According to company’s latest data on outstanding shares, there are 95.11 million shares outstanding.
Nearly 2.21% of Tenet Healthcare Corp’s shares belong to company insiders and institutional investors own 95.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.87 million shares as on 2025-03-14, resulting in a short ratio of 2.22. According to the data, the short interest in Tenet Healthcare Corp (THC) stood at 535.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 3.42 million. The stock has risen by 5.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the THC stock heading into the next quarter.
