In the last trading session, 1.52 million shares of the Community Health Systems, Inc (NYSE:CYH) were traded, and its beta was 1.62. Most recently the company’s share price was $3.70, and it changed around -$0.14 or -3.65% from the last close, which brings the market valuation of the company to $494.78M. CYH currently trades at a discount to its 52-week high of $6.29, offering almost -70.0% off that amount. The share price’s 52-week low was $2.31, which indicates that the current value has risen by an impressive 37.57% since then. We note from Community Health Systems, Inc’s average daily trading volume that its 10-day average is 1.91 million shares, with the 3-month average coming to 1.63 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 20 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 12 recommended CYH as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Community Health Systems, Inc is expected to report earnings per share of -0.03 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Community Health Systems, Inc (NYSE:CYH) trade information
Instantly CYH has showed a red trend with a performance of -3.65% 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 4.55 on recent trading dayincreased the stock’s daily price by 18.68%. The company’s shares are currently up 18.21% year-to-date, but still down -17.96% over the last five days. On the other hand, Community Health Systems, Inc (NYSE:CYH) is -37.82% down in the 30-day period. We can see from the shorts that 7.5 million shares have been sold at a short interest cover period of 3.78 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 63.0% 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 1.65 percent over the past six months and at a 65.47% annual growth rate that is well above the industry average of 32.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 91.81% in revenue this quarter, and will report an increase of 84.95% in the next quarter. The year-over-year growth rate is expected to be 0.13%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 3.14B in revenue for the current quarter. 5 analysts expect Community Health Systems, Inc to make 3.13B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.18B and 3.14B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.40%. Forecasts for the next quarter put sales growth at -0.45%.
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 63.57% 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 December.
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 79.74% of them are in the hands of institutional investors. The stock currently has a share float of 86.86%. Community Health Systems, Inc stock is held by 262.0 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.
