In the last trading session, 1.29 million shares of the Community Health Systems, Inc. (NYSE:CYH) were traded, and its beta was 1.57. Most recently the company’s share price was $5.29, and it changed around -$0.17 or -3.11% from the last close, which brings the market valuation of the company to $734.99M. CYH currently trades at a discount to its 52-week high of $6.29, offering almost -18.9% off that amount. The share price’s 52-week low was $2.01, which indicates that the current value has risen by an impressive 62.0% since then. We note from Community Health Systems, Inc.’s average daily trading volume that its 10-day average is 1.14 million shares, with the 3-month average coming to 1.58 million.
Community Health Systems, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 5 out of 18 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 12 recommended CYH as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
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Community Health Systems, Inc. (NYSE:CYH) trade information
Instantly CYH has showed a red trend with a performance of -3.11% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.92 on recent trading dayincreased the stock’s daily price by 10.64%. The company’s shares are currently up 69.01% year-to-date, but still down -10.64% over the last five days. On the other hand, Community Health Systems, Inc. (NYSE:CYH) is -5.03% down in the 30-day period. We can see from the shorts that 7.28 million shares have been sold at a short interest cover period of 5.87 day(s).
The consensus price target as assigned by Wall Street analysts is $10, which translates to bulls needing to increase their stock price by 47.1% from its current value. Analyst projections state that CYH is forecast to be at a low of $5 and a high of $19.
Community Health Systems, Inc. (CYH) estimates and forecasts
Community Health Systems, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 70.10 percent over the past six months and at a 69.78% annual growth rate that is well above the industry average of 31.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 31.96%. Community Health Systems, Inc. earnings are expected to increase by 72.35% in 2024, but the outlook is negative -7.95% per year for the next five years.
CYH Dividends
Community Health Systems, Inc.’s next quarterly earnings report is expected to be released in November.
Community Health Systems, Inc. (NYSE:CYH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.19% of Community Health Systems, Inc. shares, and 77.13% of them are in the hands of institutional investors. The stock currently has a share float of 84.01%. Community Health Systems, Inc. stock is held by 252.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.132% of the shares, which is about 9.36 million shares worth $31.46 million.
VANGUARD GROUP INC, with 6.9197% or 9.08 million shares worth $30.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
