Coherent Corp (COHR) concluded trading on Thursday ata closing price of $71.28, with 8.16 million shares of worth about $581.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.95% during that period and on August 15, 2024 the price saw a gain of about 6.40%. Currently the company’s common shares owned by public are about 152.46M shares, out of which, 149.62M shares are available for trading.
Stock saw a price change of 15.00% in past 5 days and over the past one month there was a price change of -5.99%. Year-to-date (YTD), COHR shares are showing a performance of 63.75% which increased to 51.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.47 but also hit the highest price of $80.93 during that period. The average intraday trading volume for Coherent Corp shares is 2.17 million. The stock is currently trading 7.40% above its 20-day simple moving average (SMA20), while that difference is up 1.83% for SMA50 and it goes to 29.17% higher than SMA200.
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Coherent Corp (NYSE: COHR) currently have 152.46M outstanding shares and institutions hold larger chunk of about 93.01% of that.
The stock has a current market capitalization of $10.87B and its 3Y-monthly beta is at 1.64. It has posted earnings per share of -$2.86 in the same period. It has Quick Ratio of 1.72 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 3.90% while standing at 5.45% over the month.
Stock’s fiscal year EPS is expected to rise by 82.84% while it is estimated to increase by 42.39% 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 BofA Securities on August 12, 2024 offering a Buy rating for the stock and assigned a target price range of between $65 and $75 to it. Coverage by Barclays stated Coherent Corp (COHR) stock as an Overweight in their note to investors on January 16, 2024, suggesting a price target of $60 for the stock. On December 13, 2023, Morgan Stanley Downgrade their recommendations, while on October 11, 2023, B. Riley Securities Upgrade their ratings for the stock with a price target of $37. Stock get a Buy rating from Rosenblatt on August 17, 2023.
