In last trading session, Community Health Systems, Inc. (NYSE:CYH) saw 1,058,386 shares changing hands with its beta currently measuring 2.27. Company’s recent per share price level of $4.76 trading at $0.27 or 6.01% at ring of the bell on the day assigns it a market valuation of $569.39 Million. That closing price of CYH’s stock is at a discount of -56.93% from its 52-week high price of $7.47 and is indicating a premium of 52.73% from its 52-week low price of $2.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.31 Million shares which gives us an average trading volume of 1.6 Million if we extend that period to 3-months.
For Community Health Systems, Inc. (CYH), analysts’ consensus is at an average recommendation of Underweight while assigning it a mean rating of 3.2. Splitting up the data highlights that, out of 12 analysts covering the stock, 4 rated the stock as a Sell while none recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 1 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.16 in the current quarter.
Community Health Systems, Inc. (NYSE:CYH) trade information
Upright in the green today for gaining 6.01%, in the last five days CYH remained trading in the green while hitting it’s week-highest on Friday, Oct 09 when the stock touched $5.06-5 price level, adding 5.93% to its value on the day. Community Health Systems, Inc.’s shares saw a change of 64.14% in year-to-date performance and have moved 2.59% in past 5-day. Community Health Systems, Inc. (NYSE:CYH) showed a performance of 0.63% in past 30-days. Number of shares sold short was 6.93 Million shares which calculate 4.33 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $4.11 to the stock, which implies targetted prices is already lagging behind -13.66% to its current value. Analysts have been projecting $2 as a low price target for the stock while placing it at a high target of $6. It follows that stock’s current price would jump +26.05% in reaching the projected high whereas dropping to the targeted low would mean a loss of -57.98% for stock’s current value.
Community Health Systems, Inc. (CYH) estimates and forecasts
Statistics highlight that Community Health Systems, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +29.7% of value to its shares in past 6 months, showing an annual growth rate of 4.49% while that of industry is 4.6. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 44.8% in the current quarter and calculating -162.5% decline in the next quarter. This year revenue growth is estimated to drop -13.3% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.9 Billion for the same. And 11 analysts are in estimates of company making revenue of $3.02 Billion in the next quarter that will end in December 01, 2020. Company posted $3.25 Billion and $3.29 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -10.7% while estimating it to be -8.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -45.3% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 15.1% while estimates for its earnings growth in next 5 years are of 20%
Community Health Systems, Inc. (NYSE:CYH)’s Major holders
Insiders are in possession of 6.21% of company’s total shares while institution are holding 92.16% percent of that, with stock having share float percentage of 98.26%. Investors also watch the number of corporate investors in a company very closely, which is 222 institutions for Community Health Systems, Inc. that are currently holding shares of the company. Shanda Asset Management Holdings Ltd is the top institutional holder at CYH for having 27.48 Million shares of worth $82.73 Million. And as of June 29, 2020, it was holding 22.98% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 16.48 Million shares on June 29, 2020. The number of shares represents firm’s hold over 13.78% of outstanding shares, having a total worth of $49.61 Million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of August 30, 2020, the former fund manager was holding 7512290 shares of worth $38.84 Million or 6.28% of the total outstanding shares. The later fund manager was in possession of 3.26 Million shares on June 29, 2020, making its stake of worth around $9.8 Million in the company or a holder of 2.72% of company’s stock.