Coherent Corp (COHR) concluded trading on Thursady at a closing price of $60.47, with 3.73 million shares of worth about $225.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 65.63% during that period and on Thursady the price saw a gain of about 5.26%. Currently the company’s common shares owned by public are about 151.81M shares, out of which, 146.68M 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 74 times over the past 12 months. They bought 385,538 shares in 31 of the transactions. In 43 selling transactions, insiders dumped 251,213 shares.
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However, the stock later moved at a day high price of 61.78, or with a gain of 5.26%. Stock saw a price change of -2.48% in past 5 days and over the past one month there was a price change of 26.85%. Year-to-date (YTD), COHR shares are showing a performance of 38.92% which increased to 42.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.29 but also hit the highest price of $63.63 during that period. The average intraday trading volume for Coherent Corp shares is 2.17 million. The stock is currently trading 10.09% above its 20-day simple moving average (SMA20), while that difference is up 25.85% for SMA50 and it goes to 48.86% higher than SMA200.
Coherent Corp (NYSE: COHR) currently have 151.81M outstanding shares and institutions hold larger chunk of about 85.78% of that.
The stock has a current market capitalization of $9.18B and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$2.81 in the same period. It has Quick Ratio of 1.79 while making debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COHR, volatility over the week remained 4.29% while standing at 4.25% over the month.
Analysts are in expectations that Coherent Corp (COHR) stock would likely to be making an EPS of $0.42 in the current quarter, while forecast for next quarter EPS is $0.58 and it is $3.08 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.34 which is $0.59 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 $0.58 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -50.57% while it is estimated to increase by 103.64% 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 Barclays on January 16, 2024 offering an Overweight rating for the stock and assigned a target price range of between $38 and $60 to it. Coverage by Morgan Stanley stated Coherent Corp (COHR) stock as an Equal-weight in their note to investors on December 13, 2023, suggesting a price target of $45 for the stock. On October 11, 2023, B. Riley Securities Upgrade their recommendations, while on August 17, 2023, Rosenblatt Upgrade their ratings for the stock with a price target of $45. Stock get a Neutral rating from BofA Securities on July 18, 2023.
