Coherus Biosciences Inc (CHRS) concluded trading on Thursday at a closing price of $0.82, with 9.45 million shares of worth about $7.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -61.32% during that period and on November 07, 2024 the price saw a gain of about 13.29%. Currently the company’s common shares owned by public are about 112.22M shares, out of which, 110.58M shares are available for trading.
Stock saw a price change of 10.07% in past 5 days and over the past one month there was a price change of -18.00%. Year-to-date (YTD), CHRS shares are showing a performance of -75.38% which decreased to -66.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.66 but also hit the highest price of $3.70 during that period. The average intraday trading volume for Coherus Biosciences Inc shares is 2.37 million. The stock is currently trading 1.17% above its 20-day simple moving average (SMA20), while that difference is down -18.83% for SMA50 and it goes to -52.61% lower than SMA200.
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Coherus Biosciences Inc (NASDAQ: CHRS) currently have 112.22M outstanding shares and institutions hold larger chunk of about 70.03% of that.
The stock has a current market capitalization of $94.47M and its 3Y-monthly beta is at 0.68. It has posted earnings per share of -$0.10 in the same period. It has Quick Ratio of 1.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHRS, volatility over the week remained 12.74% while standing at 7.95% over the month.
Stock’s fiscal year EPS is expected to rise by 114.73% while it is estimated to decrease by -245.63% 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 UBS on August 16, 2024 offering a Neutral rating for the stock and assigned a target price range of between $4 and $1.50 to it. Coverage by Robert W. Baird stated Coherus Biosciences Inc (CHRS) stock as an Outperform in their note to investors on November 17, 2023, suggesting a price target of $11 for the stock. On November 08, 2023, Maxim Group Downgrade their recommendations, while on July 24, 2023, Citigroup Initiated their ratings for the stock with a price target of $12. Stock get a Buy rating from Truist on May 01, 2023.
