Tenet Healthcare Corp (NYSE: THC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

Stocks Info

THC belongs to the Healthcare sector of the NYSE while operating in the Medical Care Facilities industry. The current market capitalization of Tenet Healthcare Corp is $12.17B. A total of 1.08 million shares were traded on the day, compared to an average of 1.36M shares.

In the most recent transaction, Foo Lisa Y sold 4,000 shares of THC for 155.94 per share on Oct 31 ’24. After the transaction, the EVP, Commercial Ops now owns 15,566 company shares. In a previous transaction on Oct 31 ’24, Foo Lisa Y bought 4,000 shares at 155.93 per share.

Among the insiders who sold shares, Ramsey R. Scott disposed of 11,599 shares on Sep 05 ’24 at a per-share price of $162.06. This resulted in the Principal Accounting Officer holding 6,324 shares of THC after the transaction. In another insider transaction, FISHER RICHARD W sold 2,000 shares at $163.67 per share on Aug 27 ’24. Company shares held by the Director now total 14,227.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, THC has a high of $171.20 and a low of $78.00.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. THC’s latest balance sheet shows that the firm has $2.36B in Cash & Short Term Investments as of fiscal 2021. There were $15.65B in debt and $5.11B in liabilities at the time. Its Book Value Per Share was $40.32, while its Total Shareholder’s Equity was $4.26B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for THC is Buy with a score of 4.58.

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