Community Health Systems, Inc. [CYH] stock prices are down -1.73% to $2.84 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CYH shares have gain 2.90% over the last week, with a monthly amount drifted -24.87%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, Community Health Systems, Inc. Announces Fourth Quarter and Year Ended December 31, 2023 Results. In a post published today on Yahoo Finance, Community Health Systems, Inc. (NYSE: CYH) (the “Company”) today announced financial and operating results for the three months and year ended December 31, 2023.
From an analyst’s perspective:
Community Health Systems, Inc. [NYSE: CYH] stock has seen the most recent analyst activity on June 17, 2022, when Loop Capital initiated its Hold rating and assigned the stock a price target of $5. Previously, BofA Securities downgraded its rating to Neutral on June 15, 2022, and dropped its price target to $5.50. On March 29, 2022, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $12 on the stock. BofA Securities upgraded its rating to a Buy and raised its price target to $16 on December 13, 2021. UBS started tracking with a Neutral rating for this stock on September 24, 2021, and assigned it a price target of $12.50. In a note dated July 09, 2021, Seaport Global Securities initiated an Neutral rating.
The stock price of Community Health Systems, Inc. [CYH] has been fluctuating between $2.01 and $6.53 over the past year. Currently, Wall Street analysts expect the stock to reach $11.88 within the next 12 months. Community Health Systems, Inc. [NYSE: CYH] shares were valued at $2.84 at the most recent close of the market. An investor can expect a potential return of 318.31% based on the average CYH price forecast.
Analyzing the CYH fundamentals
The Community Health Systems, Inc. [NYSE:CYH] reported sales of 12.49B for trailing twelve months, representing a surge of 1.24%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.07 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -8.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.80 points at the first support level, and at 2.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.90, and for the 2nd resistance point, it is at 2.96.
Community Health Systems, Inc. [CYH] reported earnings per share of -$0.41 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of -$0.47 and a surprise factor of -783.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.33 per share as compared to estimates of -$0.18 per share, a difference of -$0.15 representing a surprise of -83.30%.
Ratios To Look Out For
It’s worth pointing out that Community Health Systems, Inc. [NYSE:CYH]’s Current Ratio is 1.50. Further, the Quick Ratio stands at 1.34, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.03.
Transactions by insiders
Recent insider trading involved SMITH WAYNE T, Director, that happened on Oct 31 when 1.0 million shares were purchased.
