Coherent Corp (COHR) concluded trading on Thursday at a closing price of $94.27, with 2.12 million shares of worth about $199.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 63.75% during that period and on October 03, 2024 the price saw a gain of about 3.07%. Currently the company’s common shares owned by public are about 152.78M shares, out of which, 151.27M shares are available for trading.
Stock saw a price change of 2.00% in past 5 days and over the past one month there was a price change of 27.56%. Year-to-date (YTD), COHR shares are showing a performance of 116.56% which increased to 201.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.62 but also hit the highest price of $95.29 during that period. The average intraday trading volume for Coherent Corp shares is 2.48 million. The stock is currently trading 14.89% above its 20-day simple moving average (SMA20), while that difference is up 25.50% for SMA50 and it goes to 50.40% higher than SMA200.
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Coherent Corp (NYSE: COHR) currently have 152.78M outstanding shares and institutions hold larger chunk of about 90.55% of that.
The stock has a current market capitalization of $14.45B 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 4.98% while standing at 4.59% over the month.
Stock’s fiscal year EPS is expected to rise by 73.64% while it is estimated to increase by 47.52% 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 Susquehanna on October 01, 2024 offering a Positive rating for the stock and assigned a target price of $120 to it. Coverage by Needham stated Coherent Corp (COHR) stock as a Buy in their note to investors on August 16, 2024, suggesting a price target of $84 for the stock. On August 12, 2024, BofA Securities Upgrade their recommendations, while on January 16, 2024, Barclays Upgrade their ratings for the stock with a price target of $60. Stock get an Equal-weight rating from Morgan Stanley on December 13, 2023.
