Coherus Biosciences Inc (CHRS) concluded trading on Thursday at a closing price of $2.09, with 3.42 million shares of worth about $7.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -51.84% during that period and on Thursday, February 01 price saw a loss of about -2.79%. Currently the company’s common shares owned by public are about 111.36M shares, out of which, 106.20M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 3 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 3 selling transactions, insiders dumped 22,186 shares.
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Stock saw a price change of -11.81% in past 5 days and over the past one month there was a price change of -33.44%. Year-to-date (YTD), CHRS shares are showing a performance of -37.24% which decreased to -75.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.43 but also hit the highest price of $9.12 during that period. The average intraday trading volume for Coherus Biosciences Inc shares is 7.02 million. The stock is currently trading -18.55% below its 20-day simple moving average (SMA20), while that difference is down -12.41% for SMA50 and it goes to -48.42% lower than SMA200.
Coherus Biosciences Inc (NASDAQ: CHRS) currently have 111.36M outstanding shares and institutions hold larger chunk of about 80.14% of that.
The stock has a current market capitalization of $232.74M and its 3Y-monthly beta is at 0.53. It has posted earnings per share of -$2.61 in the same period. It has Quick Ratio of 1.58. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHRS, volatility over the week remained 6.50% while standing at 9.41% over the month.
Analysts are in expectations that Coherus Biosciences Inc (CHRS) stock would likely to be making an EPS of $Coherus BioSciences, Inc. in the current quarter, while forecast for next quarter EPS is $2.09 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Cerus Corporation which is $Carpenter Technology Corporatio at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Chord Energy Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 46.01% while it is estimated to increase by 80.90% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on November 17, 2023 offering an Outperform rating for the stock and assigned a target price of $11 to it.
