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Tenet Healthcare Corporation (THC)

67.14   -2.12 (-3.06%) 09-26 14:04
Open: 68.8 Pre. Close: 69.26
High: 68.775 Low: 66.92
Volume: 498,706 Market Cap: 6,817(M)

Technical analysis

as of: 2023-09-26 1:52:06 PM
Short-term rate:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Mid-term rate:       
Target: Six months: 87     One year: 92.47
Support: Support1: 66.91    Support2: 55.67
Resistance: Resistance1: 74.49    Resistance2: 79.16
Pivot: 70.83
Moving Average: MA(5): 68.19     MA(20): 72.61
MA(100): 74.7     MA(250): 61.76
MACD: MACD(12,26): -2     Signal(9): -1.5
Stochastic oscillator: %K(14,3): 7.7     %D(3): 6.1
RSI: RSI(14): 34.5
52-week: High: 85.4  Low: 36.68
Average Vol(K): 3-Month: 1,159 (K)  10-Days: 968 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ THC ] has closed above bottom band by 15.7%. Bollinger Bands are 36.1% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 69.95 - 70.28 70.28 - 70.59
Low: 66.37 - 66.76 66.76 - 67.11
Close: 68.62 - 69.26 69.26 - 69.84

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, 25 Sep 2023
Nordea Investment Management AB Trims Stock Position in Tenet ... - MarketBeat

Mon, 25 Sep 2023
Q2 2024 Earnings Forecast for Tenet Healthcare Co. Issued By ... - MarketBeat

Fri, 22 Sep 2023
Why Investors Are Retaining Pediatrix Medical (MD) Stock Now - Nasdaq

Wed, 20 Sep 2023
Zacks Industry Outlook Highlights HCA Healthcare, Universal Health ... - Nasdaq

Wed, 20 Sep 2023
Good Life Advisors LLC Buys Shares of 2636 Tenet Healthcare Co ... - MarketBeat

Tue, 19 Sep 2023
Tenet Healthcare (THC) & Oracle Unite to Improve Efficiency - Nasdaq

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Healthcare
Industry:  Medical Care Facilities
Shares Out. 102 (M)
Shares Float 93 (M)
% Held by Insiders 1.7 (%)
% Held by Institutions 99.4 (%)
Shares Short 4,160 (K)
Shares Short P.Month 3,300 (K)

Stock Financials

EPS 4.46
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 13.22
Profit Margin (%) 2.4
Operating Margin (%) 14.1
Return on Assets (ttm) 6.5
Return on Equity (ttm) 24.8
Qtrly Rev. Growth 9.6
Gross Profit (p.s.) 71.5
Sales Per Share 198.06
EBITDA (p.s.) 36.34
Qtrly Earnings Growth 227.1
Operating Cash Flow 1,780 (M)
Levered Free Cash Flow 762 (M)

Stock Valuations

PE Ratio 15
PEG Ratio 0
Price to Book value 5.07
Price to Sales 0.33
Price to Cash Flow 3.82

Stock Dividends

Dividend 0.02
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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