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How to buy Tenet Healthcare Corporation stock | $31.79

Own Tenet Healthcare Corporation stock in just a few minutes.

Fact checked

Tenet Healthcare Corporation is a medical care facilities business based in the US. Tenet Healthcare Corporation shares (THC) are listed on the NYSE and all prices are listed in US Dollars. Tenet Healthcare Corporation employs 110,000 staff and has a trailing 12-month revenue of around USD$17.5 billion.

How to buy shares in Tenet Healthcare Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Tenet Healthcare Corporation. Find the stock by name or ticker symbol: THC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tenet Healthcare Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$31.79, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Tenet Healthcare Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Tenet Healthcare Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Tenet Healthcare Corporation share price

Use our graph to track the performance of THC stocks over time.

Tenet Healthcare Corporation shares at a glance

Information last updated 2020-11-29.
Latest market closeUSD$31.79
52-week rangeUSD$10 - USD$39.3675
50-day moving average USD$29.4518
200-day moving average USD$25.4502
Wall St. target priceUSD$32.12
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-0.159

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Tenet Healthcare Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Tenet Healthcare Corporation price performance over time

Historical closes compared with the close of $31.79 from 2020-11-16

1 week (2021-01-05) -23.23%
1 month (2020-12-12) N/A
3 months (2020-10-16) 9.77%
6 months (2020-07-12) N/A
1 year (2020-01-12) N/A
2 years (2019-01-12) N/A
3 years (2018-01-12) 95.63%
5 years (2016-01-12) 31.20%

Is Tenet Healthcare Corporation under- or over-valued?

Valuing Tenet Healthcare Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tenet Healthcare Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Tenet Healthcare Corporation's PEG ratio

Tenet Healthcare Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.311. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Tenet Healthcare Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Tenet Healthcare Corporation's EBITDA

Tenet Healthcare Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$2.4 billion.

The EBITDA is a measure of a Tenet Healthcare Corporation's overall financial performance and is widely used to measure a its profitability.

Tenet Healthcare Corporation financials

Revenue TTM USD$17.5 billion
Operating margin TTM 8.61%
Gross profit TTM USD$6.7 billion
Return on assets TTM 3.81%
Return on equity TTM 16.6%
Profit margin -0.2%
Book value $-1.045
Market capitalisation USD$3.5 billion

TTM: trailing 12 months

Shorting Tenet Healthcare Corporation shares

There are currently 7.4 million Tenet Healthcare Corporation shares held short by investors – that's known as Tenet Healthcare Corporation's "short interest". This figure is 5.8% down from 7.8 million last month.

There are a few different ways that this level of interest in shorting Tenet Healthcare Corporation shares can be evaluated.

Tenet Healthcare Corporation's "short interest ratio" (SIR)

Tenet Healthcare Corporation's "short interest ratio" (SIR) is the quantity of Tenet Healthcare Corporation shares currently shorted divided by the average quantity of Tenet Healthcare Corporation shares traded daily (recently around 1.5 million). Tenet Healthcare Corporation's SIR currently stands at 5.05. In other words for every 100,000 Tenet Healthcare Corporation shares traded daily on the market, roughly 5050 shares are currently held short.

However Tenet Healthcare Corporation's short interest can also be evaluated against the total number of Tenet Healthcare Corporation shares, or, against the total number of tradable Tenet Healthcare Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Tenet Healthcare Corporation's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Tenet Healthcare Corporation shares in existence, roughly 70 shares are currently held short) or 0.1225% of the tradable shares (for every 100,000 tradable Tenet Healthcare Corporation shares, roughly 123 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Tenet Healthcare Corporation.

Find out more about how you can short Tenet Healthcare Corporation stock.

Tenet Healthcare Corporation share dividends

We're not expecting Tenet Healthcare Corporation to pay a dividend over the next 12 months.

Have Tenet Healthcare Corporation's shares ever split?

Tenet Healthcare Corporation's shares were split on a 1:4 basis on 11 October 2012. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Tenet Healthcare Corporation shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Tenet Healthcare Corporation shares which in turn could have impacted Tenet Healthcare Corporation's share price.

Tenet Healthcare Corporation share price volatility

Over the last 12 months, Tenet Healthcare Corporation's shares have ranged in value from as little as $10 up to $39.3675. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Tenet Healthcare Corporation's is 2.6268. This would suggest that Tenet Healthcare Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Tenet Healthcare Corporation overview

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates through three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedures, acute level 1 trauma services, intravascular stroke care, minimally invasive cardiac valve replacement, imaging technology, and telemedicine access for various medical specialties. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical, off-campus emergency, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, as well as value-based care solutions to healthcare systems, individual hospitals, physician practices, self-insured organizations, health plans, and other entities. As of December 31, 2019, the company operated 65 hospitals, 24 surgical hospitals, and approximately 159 outpatient centers, as well as 260 ambulatory surgery, 39 urgent care, and 23 imaging centers in the United States. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.

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