In last trading session, Community Health Systems, Inc (NYSE:CYH) saw 1.44 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $4.39 trading at -$0.03 or -0.68% at ring of the bell on the day assigns it a market valuation of $609.98M. That closing price of CYH’s stock is at a discount of -43.28% from its 52-week high price of $6.29 and is indicating a premium of 48.06% from its 52-week low price of $2.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.94 million shares which gives us an average trading volume of 1.53 million if we extend that period to 3-months.
For Community Health Systems, Inc (CYH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.1 in the current quarter.
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Community Health Systems, Inc (NYSE:CYH) trade information
Upright in the red during last session for losing -0.68%, in the last five days CYH remained trading in the green while hitting it’s week-highest on Tuesday, 11/05/24 when the stock touched $4.39 price level, adding 3.09% to its value on the day. Community Health Systems, Inc’s shares saw a change of 40.26% in year-to-date performance and have moved 8.40% in past 5-day. Community Health Systems, Inc (NYSE:CYH) showed a performance of -15.90% in past 30-days. Number of shares sold short was 7.16 million shares which calculate 6.05 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 56.1% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would drop -13.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -13.9% for stock’s current value.
Community Health Systems, Inc (CYH) estimates and forecasts
Statistics highlight that Community Health Systems, Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 34.66% of value to its shares in past 6 months, showing an annual growth rate of 65.47% while that of industry is 31.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 0.20% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.14B for the same. And 5 analysts are in estimates of company making revenue of 3.13B in the next quarter. Company posted 3.18B and 3.14B of sales in current and next quarters respectively a year earlier.
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 31.96% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 63.57% while estimates for its earnings growth in next 5 years are of -7.95%.
Community Health Systems, Inc (NYSE:CYH)’s Major holders
Insiders are in possession of 8.19% of company’s total shares while institution are holding 79.12 percent of that, with stock having share float percentage of 86.18%. Investors also watch the number of corporate investors in a company very closely, which is 79.12% 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 9.36 million shares of worth $31.46 million. And as of 2024-06-30, it was holding 7.132 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 9.08 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.9197 of outstanding shares, having a total worth of $30.52 million.
