Community Health Systems, Inc (NYSE:CYH)’s traded shares stood at 2.2 million during the last session, with the company’s beta value hitting 1.61. At the close of trading, the stock’s price was $3.84, to imply a decrease of -3.76% or -$0.15 in intraday trading. The CYH share’s 52-week high remains $6.29, putting it -63.8% down since that peak but still an impressive 39.84% since price per share fell to its 52-week low of $2.31. The company has a valuation of $533.56M, with an average of 1.85 million shares in intraday trading volume over the past 10 days and average of 1.61 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Community Health Systems, Inc (CYH), translating to a mean rating of 2.33. Of 4 analyst(s) looking at the stock, 0 analyst(s) give CYH a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
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Community Health Systems, Inc (NYSE:CYH) trade information
After registering a -3.76% downside in the last session, Community Health Systems, Inc (CYH) has traded red over the past five days. The 5-day price performance for the stock is -14.48%, and -35.89% over 30 days. With these gigs, the year-to-date price performance is 22.68%. Short interest in Community Health Systems, Inc (NYSE:CYH) saw shorts transact 7.5 million shares and set a 3.78 days time to cover.
The extremes give us $5 and $19 for target low and target high price respectively. As such, CYH has been trading -394.79% off suggested target high and -30.21% from its likely low.
Community Health Systems, Inc (CYH) estimates and forecasts
Looking at statistics comparing Community Health Systems, Inc share performance against respective industry, we note that the company has outperformed competitors. Community Health Systems, Inc (CYH) shares are 6.37% up over the last 6 months, with its year-to-date growth rate higher than industry average at 65.47% against 33.60%. Revenue is forecast to grow 91.81% this quarter before jumping 84.95% for the next one. The rating firms project that company’s revenue will grow 0.13% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 3.14B. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 3.13B.Earnings reports from the last fiscal year show that sales brought in 3.18B and 3.14B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -1.40% before dropping -0.45% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 31.96% for the past 5-year period. While 2024 is set for a 63.57% return in earnings, projections for the next 5 years are at -7.95% annually.
CYH Dividends
Community Health Systems, Inc has its next earnings report out on 2025-Feb-18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Community Health Systems, Inc (NYSE:CYH)’s Major holders
Community Health Systems, Inc insiders hold 8.19% of total outstanding shares, with institutional holders owning 79.18% of the shares at 86.25% float percentage. In total, 79.18% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 9.36 million shares (or 7.132% of shares), all amounting to roughly $31.46 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 9.08 million shares, or about 6.9197% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $30.52 million.