After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Tenet to Report its Fourth Quarter 2023 Results on February 8th.
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Stocks Info
As a NYSE listed company, THC falls under the Healthcare sector while operating within the Medical Care Facilities industry segment. At the end of the last regular session, the stock closed at $80.96 and fluctuated between $81.34 as its day high and $79.84 as its day low. The current market capitalization of Tenet Healthcare Corp. is $8.22B. A total of 0.92 million shares were traded on the day, compared to an average of 1.38M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, THC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 31 SELLs from insiders. Insiders purchased 458,898 shares during that period but sold 215,104.
In the most recent transaction, FISHER RICHARD W sold 1,000 shares of THC for 68.22 per share on Nov 22. After the transaction, the Director now owns 22,227 company shares. In a previous transaction on Nov 21, FISHER RICHARD W sold 5,000 shares at 66.33 per share. THC shares that Director owns now total 23,227.
Among the insiders who sold shares, Arbour Paola M disposed of 38,556 shares on Jun 02 at a per-share price of $75.22. This resulted in the EVP, Chief Information Officer holding 33,006 shares of THC after the transaction. In another insider transaction, Arnst Thomas W sold 21,178 shares at $73.12 per share on May 19. Company shares held by the EVP, Chief Admin. Officer & GC now total 0.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for THC in the last 3 months, the mean price target is $87.06 with high estimates of $98.00 and low estimates of $72.00. In terms of 52-week highs and lows, THC has a high of $85.40 and a low of $49.61.
As of this writing, THC has an earnings estimate of $Truist Financial Corporation per share for the current quarter. EPS was calculated based on a consensus of The Kraft Heinz Company estimates, with a high estimate of $Bausch Health Companies Inc. per share and a lower estimate of $TMC the metals company Inc.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. THC’s latest balance sheet shows that the firm has $2.36B in Cash & Short Term Investments as of fiscal 2021. There were $15.65B in debt and $5.11B in liabilities at the time. Its Book Value Per Share was $14.42, while its Total Shareholder’s Equity was $4.26B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for THC is Buy with a score of 4.81.
