In a recent session, Community Health Systems (NYSE:$CYH) opened at $6.25, before plunging down -3.06%. The stock finally closed at $6.01 per share. During trading, the company had a surge in volume reaching 4.68 million shares trading hands, compared to its daily average of 3.74 million.
Analysts have given the stock an Average Broker Rating of ‘Hold’. This rating is based on the 17 stock analysts who are covering this stock. Only one analyst has given the stock a rating of ‘Buy’.
The company also was assigned a price target of $7.23 by Wall Street experts, which suggest a rally of 20.3%. Currently, the stock is -44.04% below its 52 week high.
The stock also has 24.61% of its outstanding shares legally short sold. Shares saw a -18.01% drop in value over the last month, but year-to-date the stock has risen 7.51%.
In its last earnings report, Community Health Systems came $0.06 below EPS forecasts with a reported -$0.25 EPS. Meanwhile, revenue was reported at $4.1 billion, a -8.67% growth from the previous quarter.
Since the company’s 52 week low was hit recently, the company has recovered 44.82%. Over the past month, stock price volatility has stayed at 5.92%, while it dropped to 4.75% over the past week. The share price still sits 17.22% below its 20 day moving average, -16.4% below its 50 day moving average, and -26.25% below its 200 day moving average.
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