In the last trading session, 2.46 million Community Health Systems, Inc (NYSE:CYH) shares changed hands as the company’s beta touched 1.63. With the company’s per share price at $4.22 changed hands at -$0.29 or -6.43% during last session, the market valuation stood at $586.36M. CYH’s last price was a discount, traded about -49.05% off its 52-week high of $6.29. The share price had its 52-week low at $2.28, which suggests the last value was 45.97% up since then. When we look at Community Health Systems, Inc’s average trading volume, we note the 10-day average is 1.88 million shares, with the 3-month average coming to 1.57 million.
Analysts gave the Community Health Systems, Inc (CYH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. 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. Community Health Systems, Inc’s EPS for the current quarter is expected to be 0.09.
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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 -4.52%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 34.82%, with the 5-day performance at -4.52% in the red. However, in the 30-day time frame, Community Health Systems, Inc (NYSE:CYH) is -24.51% down. Looking at the short shares, we see there were 7.16 million shares sold at short interest cover period of 6.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 57.8% 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 -350.24% plunge from its current level, while the stock would need to soar -18.48% 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 12.83% over the past 6 months, a 65.47% in annual growth rate that is considerably higher than the industry average of 31.10%. Year-over-year growth is forecast to reach 0.10% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 3.14B. 5 analysts are of the opinion that Community Health Systems, Inc’s revenue for the current quarter will be 3.13B. The company’s revenue for the corresponding quarters a year ago was 3.18B and 3.14B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.40%. The estimates for the next quarter sales put growth at -0.40%.
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 63.57%, but the outlook for the next 5-year period is at -7.95% per year.
CYH Dividends
Community Health Systems, Inc is expected to release its next quarterly earnings report in December.
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 79.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.84%. There are 79.72% institutions holding the Community Health Systems, Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.132% of the shares, roughly 9.36 million CYH shares worth $31.46 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.9197% or 9.08 million shares worth $30.52 million as of 2024-06-30.
