Community Health Systems, Inc. [CYH] stock is trading at $2.95, up 6.12%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CYH shares have gain 5.36% over the last week, with a monthly amount drifted -29.09%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, Community Health Systems Partners With Mark Cuban Cost Plus Drug Company to Address the Rising Cost of Drugs and Potential Drug Shortages. In a post published today on Yahoo Finance, CHS Becomes First Health System to Purchase Drugs Manufactured by Cost Plus Drugs.
From an analyst’s perspective:
Community Health Systems, Inc. [NYSE: CYH] stock has seen the most recent analyst activity on March 06, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $3. Previously, Loop Capital started tracking the stock with Hold rating on June 17, 2022, and set its price target to $5. On June 15, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $5.50 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $12 on March 29, 2022. BofA Securities upgraded its rating to Buy for this stock on December 13, 2021, and upped its price target to $16. In a note dated September 24, 2021, UBS initiated an Neutral rating and provided a target price of $12.50 on this stock.
Community Health Systems, Inc. [CYH] stock has fluctuated 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 $2.95 at the most recent close of the market. An investor can expect a potential return of 302.71% based on the average CYH price forecast.
Analyzing the CYH fundamentals
Community Health Systems, Inc. [NYSE:CYH] reported sales of 12.49B for the trailing twelve months, which represents a growth 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 2.81 points at the first support level, and at 2.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.02, and for the 2nd resistance point, it is at 3.09.
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
For context, Community Health Systems, Inc.’s Current Ratio is 1.50. Also, the Quick Ratio is 1.34, while the Cash Ratio stands at 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 ’23 when 1.0 million shares were purchased.
