Currently, there are 151.48M common shares owned by the public and among those 146.36M shares have been available to trade.
Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 387,038 shares. Insider sales of the common stock occurred on 43 occasions, with total insider shares sold totaling 251,213 shares.
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However, the script later moved the day high at 59.86, up 17.36%. The company’s stock has a 5-day price change of 19.12% and 76.56% over the past three months. COHR shares are trading 33.24% year to date (YTD), with the 12-month market performance up to 30.43% higher. It has a 12-month low price of $26.29 and touched a high of $60.46 over the same period. COHR has an average intraday trading volume of 1.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 25.80%, 34.66%, and 48.19% respectively.
Institutional ownership of Coherent Corp (NYSE: COHR) shares accounts for 84.81% of the company’s 151.48M shares outstanding.
It has a market capitalization of $8.79B and a beta (3y monthly) value of 1.64. The earnings-per-share (ttm) stands at -$2.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.82% over the week and 3.83% over the month.
Analysts forecast that Coherent Corp (COHR) will achieve an EPS of $0.38 for the current quarter, $0.53 for the next quarter and $2.68 for 2025. The lowest estimate earnings-per-share for the quarter is $0.28 while analysts give the company a high EPS estimate of $0.53. Comparatively, EPS for the current quarter was $0.58 a year ago. Earnings per share for the fiscal year are expected to decrease by -54.01%, and 107.30% over the next financial year.
Looking at the support for the COHR, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on January 16, 2024, with the firm’s price target at $38-$60.
