Community Health Systems, Inc (NYSE:CYH) price on Thursday, February 27, fall -8.24% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.34.
A look at the stock’s price movement, the close in the last trading session was $3.64. Turning to its 52-week performance, $6.29 and $2.68 were the 52-week high and 52-week low respectively. Overall, CYH moved 1.52% over the past month.
Community Health Systems, Inc’s market cap currently stands at around $464.00 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 3.1B for the company’s revenue for the quarter, with a low and high estimate of 3.03B and 3.18B respectively. The average forecast suggests down to a -1.17% 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 12.46B, representing a -1.37% decline 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 -2.58% and 2.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.23, while 7-day volatility ratio is 9.77% and 7.15% in the 30-day chart. Further, Community Health Systems, Inc (CYH) has a beta value of 1.78, and an average true range (ATR) of 0.25. 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 -49.7% off current price level while to achieve the yearly target high, price needs to move -468.86%. Nonetheless, investors will most likely welcome a -199.4% 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 2.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 138.92 million shares.
The 14.13% of Community Health Systems, Inc’s shares are in the hands of company insiders while institutional holders own 79.03% of the company’s shares. Current price change has pushed the stock 11.71% 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.
