In last trading session, Community Health Systems Inc. (NYSE:CYH) saw 2.44 million shares changing hands with its beta currently measuring 1.75. Company’s recent per share price level of $2.56 trading at -$0.16 or -5.88% at ring of the bell on the day assigns it a market valuation of $350.82M. That closing price of CYH’s stock is at a discount of -497.27% from its 52-week high price of $15.29 and from its 52-week low price of $2.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.45 million shares which gives us an average trading volume of 3.14 million if we extend that period to 3-months.
For Community Health Systems Inc. (CYH), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.29 in the current quarter.
Community Health Systems Inc. (NYSE:CYH) trade information
Upright in the red during last session for losing -5.88%, in the last five days CYH remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $2.56 price level, adding 13.51% to its value on the day. Community Health Systems Inc.’s shares saw a change of -80.77% in year-to-date performance and have moved -13.51% in past 5-day. Community Health Systems Inc. (NYSE:CYH) showed a performance of -15.51% in past 30-days. Number of shares sold short was 13.31 million shares which calculate 4.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $5.52 to the stock, which implies a rise of 53.62% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $13.75. It follows that stock’s current price would drop -437.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -17.19% 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 lost -77.52% of value to its shares in past 6 months, showing an annual growth rate of -179.59% while that of industry is -3.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -58.00% in the current quarter and calculating -57.40% decrease in the next quarter. This year revenue growth is estimated to rise 2.70% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.17 billion for the same. And 10 analysts are in estimates of company making revenue of $3.3 billion in the next quarter that will end on Dec 2022. Company posted $3.12 billion and $3.23 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 1.90% while estimating it to be 2.20% 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 16.20% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -59.80% while estimates for its earnings growth in next 5 years are of -5.75%.
Community Health Systems Inc. is more likely to be releasing its next quarterly report between April 26 and May 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Community Health Systems Inc. (NYSE:CYH)’s Major holders
Insiders are in possession of 6.29% of company’s total shares while institution are holding 81.41 percent of that, with stock having share float percentage of 86.87%. Investors also watch the number of corporate investors in a company very closely, which is 81.41% institutions for Community Health Systems Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CYH for having 19.41 million shares of worth $230.45 million. And as of Mar 30, 2022, it was holding 14.41% of the company’s outstanding shares.
The second largest institutional holder is Franklin Resources, Inc., which was holding about 10.5 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.80% of outstanding shares, having a total worth of $124.67 million.
On the other hand, Franklin Custodian Funds-Income Fund and iShares Core S&P Smallcap ETF are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 10.0 million shares of worth $118.7 million or 7.42% of the total outstanding shares. The later fund manager was in possession of 8.88 million shares on Jun 29, 2022, making its stake of worth around $33.29 million in the company or a holder of 6.59% of company’s stock.