The Question Is Whether To Buy Or Not To Buy Tenet Healthcare Corp. (NYSE: THC)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that UCI Health Reaches Definitive Agreement to Acquire Four Southern California Hospitals From Tenet Healthcare Corporation.

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Stocks Info

Tenet Healthcare Corp. is listed on the NYSE as a member of the Healthcare sector and is a part of the Medical Care Facilities industry. At the end of the last regular session, the stock closed at $90.04 and fluctuated between $90.44 as its day high and $88.01 as its day low. The current market capitalization of Tenet Healthcare Corp. is $9.14B. A total of 1.32 million shares were traded on the day, compared to an average of 1.21M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for THC in the last 3 months, the mean price target is $92.38 with high estimates of $105.00 and low estimates of $75.00. In terms of 52-week highs and lows, THC has a high of $90.01 and a low of $49.76.

As of this writing, THC has an earnings estimate of $The Kraft Heinz Company per share for the current quarter. EPS was calculated based on a consensus of Truist Financial Corporation estimates, with a high estimate of $TMC the metals company Inc. per share and a lower estimate of $Bausch Health Companies Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.

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