Are Things Looking Up For Community Health Systems, Inc. (NYSE: CYH)?

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. Yahoo Finance discussed the stock recently as it posted Community Health Systems, Inc. Announces Fourth Quarter and Year Ended December 31, 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Medical Care Facilities industry segment. The current market capitalization of Community Health Systems, Inc. is $395.18M. A total of 1.54 million shares were traded on the day, compared to an average of 2.86M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CYH 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 3 BUYs and 1 SELLs from insiders. Insiders purchased 1,007,494 shares during that period but sold 1,600.

In the most recent transaction, SMITH WAYNE T bought 1,000,000 shares of CYH for 2.11 per share on Oct 31. After the transaction, the Director now owns 5,107,901 company shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CYH has a high of $6.53 and a low of $2.01.

As of this writing, CYH has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.21. The company reported an EPS of -$0.33 in the last quarter, which was -83.30% lower than expectations of -$0.18.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CYH’s latest balance sheet shows that the firm has $507.00M in Cash & Short Term Investments as of fiscal 2021. There were $12.82B in debt and $2.36B in liabilities at the time. Its Book Value Per Share was -$10.18, while its Total Shareholder’s Equity was -$810.00M.

Analysts Opinion

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. 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 CYH is Buy with a score of 4.00.

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