Community Health Systems, Inc. (NYSE:CYH) is among the top gainers of the stock market today, skyrocketing 3.18% or (0.12 points) to $4.05 from its previous close of $3.93. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 899386 contracts so far this session. CYH shares had a relatively better volume day versus average trading capacity of 2.58 million shares, but with a 0.11 billion float and a 2.88% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CYH stock indicates that the average analyst price target is $2.8 per share. This means the stock has a potential decrease of -30.86% from where the CYH share price has been trading recently which is between $3.86 and $4.135. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $1.5. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $5.
During the recent trading session for Community Health Systems, Inc. (NYSE:CYH), the company witnessed their stock rise $0.24 over a week and surge $0.38 from the price 20 days ago. When compared to their established 52-week high of $5.35, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/03/19. The recent low of $1.79 stood for a -24.21% since 08/27/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.3 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for CYH is set at $2.75, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Community Health Systems, Inc., the two-week RSI stands at 68.53. This figure suggests that CYH stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CYH readings is similarly very revealing as it has a stochastic reading of 81.63% at this stage. This figure means that CYH share price today is being oversold.
Technical chart claims that Community Health Systems, Inc. (CYH) would settle between $4.09/share to $4.25/share level. However, if the stock price goes below the $3.81 mark, then the market for Community Health Systems, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $3.7 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.14. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at UBS, assumed coverage of CYH assigning Sell rating, according to their opinion released on November 16. Mizuho, analysts launched coverage of Community Health Systems, Inc. (NYSE:CYH) stock with a Neutral recommendation, according to their flash note issued to investors on March 23. Analysts at Wells Fargo, made their first call for the equity with a Underperform recommendation, according to a research note that dated back to January 30.
CYH equity has an average rating of 2.65, with the figure leaning towards a bullish end. 13 analysts who tracked the company were contacted by Reuters. Amongst them, 5 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Community Health Systems, Inc. (NYSE:CYH) as a buy or a strong buy while 7 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CYH stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 23.6. Community Health Systems, Inc. current P/B ratio of 0 means it is trading at a discount against its industry’s 4.3.
Community Health Systems, Inc. (CYH)’s current-quarter revenues are projected to climb by nearly -9% to hit $3.14 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -7.9% from $14.15 billion to a noteworthy $13.04 billion. At the other end of the current quarter income statement, Community Health Systems, Inc. is expected to see its adjusted earnings surge by roughly 64% to hit $-0.59 per share. For the fiscal year, CYH’s earnings are projected to climb by roughly 5.7% to hit $-1.83 per share.