In the last trading session, 3.33 million Community Health Systems, Inc. (NYSE:CYH) shares changed hands as the company’s beta touched 1.49. With the company’s per share price at $5.16 changed hands at -$0.02 or -0.39% during last session, the market valuation stood at $716.93M. CYH’s last price was a discount, traded about -2.33% off its 52-week high of $5.28. The share price had its 52-week low at $2.01, which suggests the last value was 61.05% up since then. When we look at Community Health Systems, Inc.’s average trading volume, we note the 10-day average is 2.64 million shares, with the 3-month average coming to 1.66 million.
Analysts gave the Community Health Systems, Inc. (CYH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended CYH as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
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Community Health Systems, Inc. (NYSE:CYH) trade information
Instantly CYH was in red as seen at the end of in last trading. With action 27.41%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 64.86%, with the 5-day performance at 27.41% in the green. However, in the 30-day time frame, Community Health Systems, Inc. (NYSE:CYH) is 53.57% up. Looking at the short shares, we see there were 8.11 million shares sold at short interest cover period of 4.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 48.4% from its current market value. According to analyst projections, CYH’s forecast low is 5 with 19 as the target high. To hit the forecast high, the stock’s price needs a -268.22% plunge from its current level, while the stock would need to tank 3.1% for it to hit the projected low.
Community Health Systems, Inc. (CYH) estimates and forecasts
Data shows that the Community Health Systems, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 34.73% over the past 6 months, a 74.10% in annual growth rate that is considerably higher than the industry average of 37.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.96%. The 2024 estimates are for Community Health Systems, Inc. earnings to increase by 72.29%, but the outlook for the next 5-year period is at -7.95% per year.
Community Health Systems, Inc. (NYSE:CYH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.19% of Community Health Systems, Inc. shares while 74.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.62%. There are 74.93% institutions holding the Community Health Systems, Inc. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-03-31, the company held 7.1411% of the shares, roughly 9.32 million CYH shares worth $32.6 million.
CASTLEKNIGHT MANAGEMENT LP holds the second largest percentage of outstanding shares, with 6.7859% or 8.91 million shares worth $31.18 million as of 2024-03-31.
