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Tenet Healthcare Corporation (THC)
100.38  1.58 (1.6%)    03-18 16:00
Open: 98.6
High: 100.5
Volume: 856,975
  
Pre. Close: 98.8
Low: 97.93
Market Cap: 10,037(M)
Technical analysis
2024-03-18 4:47:41 PM
Short term     
Mid term     
Targets 6-month :  118.72 1-year :  138.66
Resists First :  101.64 Second :  118.72
Pivot price 96.45
Supports First :  92.53 Second :  86.9
MAs MA(5) :  99.91 MA(20) :  95.32
MA(100) :  77.16 MA(250) :  73.12
MACD MACD :  3.4 Signal :  3.3
%K %D K(14,3) :  85.2 D(3) :  87.4
RSI RSI(14): 69.1
52-week High :  101.64 Low :  51.04
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ THC ] has closed below upper band by 22.2%. Bollinger Bands are 37% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 100.55 - 101.05 101.05 - 101.55
Low: 96.77 - 97.28 97.28 - 97.8
Close: 99.55 - 100.37 100.37 - 101.2
Company Description

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, and telemedicine access services. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, patient communications and engagement support, and value-based care solutions to hospitals, health systems, physician practices, employers, and other customers. As of February 09, 2022, the company operated 60 hospitals; and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and other care sites and clinics. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.

Headline News

Mon, 18 Mar 2024
Does Tenet Healthcare (NYSE:THC) Have A Healthy Balance Sheet? - Simply Wall St

Mon, 18 Mar 2024
1012 Shares in Tenet Healthcare Co. (NYSE:THC) Acquired by Sunbelt Securities Inc. - Defense World

Sun, 17 Mar 2024
Tenet Healthcare (THC) to Rejig Business by Selling Urgent Care - Yahoo Movies Canada

Sat, 16 Mar 2024
Tenet Healthcare Co. (NYSE:THC) Shares Purchased by Leith Wheeler Investment Counsel Ltd. - MarketBeat

Fri, 15 Mar 2024
Tenet Healthcare Co. (NYSE:THC) Shares Acquired by Hudson Bay Capital Management LP - Defense World

Fri, 15 Mar 2024
Neo Ivy Capital Management Invests $155000 in Tenet Healthcare Co. (NYSE:THC) - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Healthcare
Industry:
Medical Care Facilities
Shares Out 100 (M)
Shares Float 90 (M)
Held by Insiders 1.9 (%)
Held by Institutions 97.2 (%)
Shares Short 3,490 (K)
Shares Short P.Month 3,710 (K)
Stock Financials
EPS 5.71
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 16.09
Profit Margin 2.9 %
Operating Margin 15.5 %
Return on Assets (ttm) 6.2 %
Return on Equity (ttm) 25.9 %
Qtrly Rev. Growth 7.8 %
Gross Profit (p.s.) 0
Sales Per Share 205.5
EBITDA (p.s.) 36.59
Qtrly Earnings Growth 140.3 %
Operating Cash Flow 2,370 (M)
Levered Free Cash Flow 893 (M)
Stock Valuations
PE Ratio 17.57
PEG Ratio 0
Price to Book value 6.23
Price to Sales 0.48
Price to Cash Flow 4.23
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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