The stock of Community Health Systems, Inc. (NYSE:CYH) is now priced at $5.34 and the shares are -0.09 points down or -1.66% lower compared to its previous closing price of $5.43. The stock had 1.065 million contracts set over the past session. CYH shares’ daily volume is compared to its average trading volume at 1.76 million shares. However, it has a float of 111 million and although its performance was 8.1% over the week, it’s one to watch. Analysts have given the CYH stock a yearly average price target of $4.06 per share. It means the stock’s downside potential is -23.97% with the CYH share price recently placing at $5.17 to $5.46. However, some brokerage firms have priced the stock below the average, including one that has called $2.

The shorts are running away from the Community Health Systems, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the CYH shares have declined. Short interest in the stock represents just 7.85% of its float, but the volume has dropped by 0.

In the last trading session, Community Health Systems, Inc. (NYSE:CYH) raised by $0.4 over the week and gained $0.36 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $7.47. The stock recorded its established 52-week high on 02/21/20.

Since 08/29/19, the stock has traded to a low of $2.12 at 193.41%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.96. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Community Health Systems, Inc.’s two-week RSI is 63.06. This suggests that the stock is neutral at the moment and that CYH shares’ price movement remains stable. The stochastic readings are equally revealing at 80.33% meaning the CYH share price is currently in oversold territory.

The technical chart shows that the CYH stock will likely settle at between $5.48 and $5.61 per share. However, if the stock dips below $5.19, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $5.03.

Currently, the stock is trading in the green of MACD, with a reading of 0.19. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at Raymond James raised their recommendation for CYH from Underperform to Mkt Perform in February 20 review. UBS analysts see the stock as a Sell with a target price of $2 in a flash note released to investors on November 16 initiating covering the stock. Mizuho analysts see the stock as Neutral when the analysts resumed the share price coverage on March 23, placing it at $4.5.

The average rating for the CYH equity is 3.25 and is currently gathering a bearish momentum. Of 12 analysts tracking Community Health Systems, Inc. polled by Reuters, 6 rated CYH as a hold. The remaining 6 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 5 analyst advised investors against buying the stock or to sell if they own any of the stock.

The stocks P/S ratio currently stands below the group’s average of 32. Community Health Systems, Inc. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 5.1 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for Community Health Systems, Inc. (NYSE:CYH) will increase by about 15.13%, which will see them reach $2900 million. The company’s full-year revenues are, however, expected to diminish by about -13.32%, down from $13200 million to $11500 million. CYH’s expected adjusted earnings should drop almost -44.83% to end up at -$0.16 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 47.19% to record -$1.31/share.