Coherent Corp (COHR) concluded trading on Wednesday at a closing price of $80.98, with 4.79 million shares of worth about $387.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.62% during that period and on September 18, 2024 the price saw a gain of about 3.93%. Currently the company’s common shares owned by public are about 152.78M shares, out of which, 151.26M shares are available for trading.
Stock saw a price change of 7.44% in past 5 days and over the past one month there was a price change of 4.54%. Year-to-date (YTD), COHR shares are showing a performance of 86.03% which increased to 153.06% 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 2.25 million. The stock is currently trading 6.38% above its 20-day simple moving average (SMA20), while that difference is up 11.92% for SMA50 and it goes to 34.90% higher than SMA200.
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Coherent Corp (NYSE: COHR) currently have 152.78M outstanding shares and institutions hold larger chunk of about 90.54% of that.
The stock has a current market capitalization of $12.41B and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$1.85 in the same period. It has Quick Ratio of 1.77 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 4.34% while standing at 4.20% over the month.
Stock’s fiscal year EPS is expected to rise by 73.63% while it is estimated to increase by 47.54% 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 Needham on August 16, 2024 offering a Buy rating for the stock and assigned a target price range of between $72 and $84 to it. Coverage by BofA Securities stated Coherent Corp (COHR) stock as a Buy in their note to investors on August 12, 2024, suggesting a price target of $75 for the stock. On January 16, 2024, Barclays Upgrade their recommendations, while on December 13, 2023, Morgan Stanley Downgrade their ratings for the stock with a price target of $45. Stock get a Buy rating from B. Riley Securities on October 11, 2023.
