Community Health Systems, Inc. (NYSE:CYH) price on current trading day, rose 2.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.72.
A look at the stock’s price movement, the close in the last trading session was $5.60, moving within a range at $5.605 and $5.73. The beta value (5-Year monthly) was 1.552. Turning to its 52-week performance, $5.81 and $2.01 were the 52-week high and 52-week low respectively. Overall, CYH moved 15.32% over the past month.
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Community Health Systems, Inc.’s market cap currently stands at around $794.74 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-23.
Analysts have a consensus estimate of 3.08B for the company’s revenue for the quarter, with a low and high estimate of 3.06B and 3.12B respectively. The average forecast suggests up to a 0.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.59B, representing a 0.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CYH is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend CYH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CYH’s current price about 7.90% and 21.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.41, while 7-day volatility ratio is 5.27% and 4.56% in the 30-day chart. Further, Community Health Systems, Inc. (CYH) has a beta value of 1.55, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $5 and high of $19. Looking at the price targets, the low is 12.59% off current price level while to achieve the yearly target high, price needs to move -232.17%. Nonetheless, investors will most likely welcome a -74.83% jump to $10 which is the analysts’ median price.
If we refocus on Community Health Systems, Inc. (NYSE:CYH), historical trading data shows that trading volumes averaged 1.48 over the past 10 days and 1.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 136.77 million shares.
The 11.96% of Community Health Systems, Inc.’s shares are in the hands of company insiders while institutional holders own 75.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.14 million on 2024-08-30, giving us a short ratio of 5.61. The data shows that as of 2024-08-30 short interest in Community Health Systems, Inc. (CYH) stood at 647.0 of shares outstanding, with shares short falling to 8.41 million registered in 2024-07-31. Current price change has pushed the stock 82.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CYH stock continues to rise going into the next quarter.
