In the last trading session, 1.39 million shares of the Community Health Systems, Inc (NYSE:CYH) were traded, and its beta was 1.73. Most recently the company’s share price was $2.81, and it changed around $0.05 or 1.81% from the last close, which brings the market valuation of the company to $394.50M. CYH currently trades at a discount to its 52-week high of $6.29, offering almost -123.84% off that amount. The share price’s 52-week low was $2.53, which indicates that the current value has risen by an impressive 9.96% since then. We note from Community Health Systems, Inc’s average daily trading volume that its 10-day average is 1.81 million shares, with the 3-month average coming to 2.47 million.
Community Health Systems, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.78. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended CYH as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Community Health Systems, Inc is expected to report earnings per share of -0.07 for the current quarter.
Community Health Systems, Inc (NYSE:CYH) trade information
Instantly CYH has showed a green trend with a performance of 1.81% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.86 on recent trading dayincreased the stock’s daily price by 1.75%. The company’s shares are currently down -6.02% year-to-date, but still up 1.08% over the last five days. On the other hand, Community Health Systems, Inc (NYSE:CYH) is -23.64% down in the 30-day period. We can see from the shorts that 13.07 million shares have been sold at a short interest cover period of 4.03 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 71.9% 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
The year-over-year growth rate is expected to be -1.57%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 3.1B in revenue for the current quarter. 6 analysts expect Community Health Systems, Inc to make 3.05B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.14B and 3.14B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.41%. Forecasts for the next quarter put sales growth at -2.76%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.02%.
CYH Dividends
Community Health Systems, Inc’s next quarterly earnings report is expected to be released on 2025-Feb-17.
Community Health Systems, Inc (NYSE:CYH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.38% of Community Health Systems, Inc shares, and 84.06% of them are in the hands of institutional investors. The stock currently has a share float of 91.74%. Community Health Systems, Inc stock is held by 250.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.0742% 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 3.94 shares worth $11.07 million, making up 2.81% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.42 shares worth around $9.6 million, which represents about 2.43% of the total shares outstanding.
