Make Sure You Stick With Tenet Healthcare Corp. (THC). It’s Bull Time Again

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Tenet to Participate in Barclays 26th Annual Global Healthcare Conference.

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Stocks Info

Tenet Healthcare Corp. is listed on the NYSE in the Healthcare sector while operating in the Medical Care Facilities industry. The current market capitalization of Tenet Healthcare Corp. is $9.28B. A total of 0.84 million shares were traded on the day, compared to an average of 1.06M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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, Lynch Christopher S. sold 7,978 shares of THC for 89.60 per share on Feb 15. After the transaction, the Director now owns 25,620 company shares. In a previous transaction on Feb 14, FISHER RICHARD W sold 2,100 shares at 88.21 per share. THC shares that Director owns now total 20,127.

Among the insiders who sold shares, FISHER RICHARD W disposed of 1,000 shares on Nov 22 at a per-share price of $68.22. This resulted in the Director holding 22,227 shares of THC after the transaction. In another insider transaction, FISHER RICHARD W sold 5,000 shares at $66.33 per share on Nov 21. Company shares held by the Director now total 23,227.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for THC in the last 3 months, the mean price target is $107.40 with high estimates of $137.00 and low estimates of $95.00. In terms of 52-week highs and lows, THC has a high of $92.90 and a low of $49.76.

As of this writing, THC has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $16.09, while its Total Shareholder’s Equity was $4.26B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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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