Taking a Look at the Data Behind Tenet Healthcare Corporation (THC)

Tenet Healthcare Corporation (THC) is an interesting player in the Healthcare space, with a focus on Hospitals. The stock has been active on the tape, currently trading at $18.49, down from yesterday’s close by -1.39%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Tenet Healthcare Corporation (THC) currently trades with a market capitalization of $1.86 Billion. That value represents a market adjusting for revenues that have been falling by -5.42 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$337 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.25 on a per share basis this quarter. Perhaps, that suggests something about why 3.90% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how THC has been acting. Looking at the stock’s movement on the chart, Tenet Healthcare Corporation recorded a 52-week high of $22.72. It is now trading 4.23% off that level. The stock is trading $16.09 its 50-day moving average by -2.4%. The stock carved out a 52-week low down at $12.25.

In recent action, Tenet Healthcare Corporation (THC) has made a move of +14.14% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.62, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 25.25% with $98.62 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of THC.

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