Coherent Corp (COHR) concluded trading on Thursday at a closing price of $109.45, with 6.34 million shares of worth about $693.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 100.75% during that period and on November 07, 2024 the price saw a gain of about 10.08%. Currently the company’s common shares owned by public are about 152.78M shares, out of which, 152.24M shares are available for trading.
Stock saw a price change of 18.40% in past 5 days and over the past one month there was a price change of 10.90%. Year-to-date (YTD), COHR shares are showing a performance of 151.44% which increased to 233.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.09 but also hit the highest price of $106.50 during that period. The average intraday trading volume for Coherent Corp shares is 2.58 million. The stock is currently trading 11.41% above its 20-day simple moving average (SMA20), while that difference is up 21.94% for SMA50 and it goes to 57.02% higher than SMA200.
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Coherent Corp (NYSE: COHR) currently have 152.78M outstanding shares and institutions hold larger chunk of about 89.29% of that.
The stock has a current market capitalization of $16.90B and its 3Y-monthly beta is at 1.68. 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 5.60% while standing at 3.97% over the month.
Stock’s fiscal year EPS is expected to rise by 80.43% while it is estimated to increase by 44.39% 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 Rosenblatt on October 22, 2024 offering a Neutral rating for the stock and assigned a target price of $105 to it. Coverage by B. Riley Securities stated Coherent Corp (COHR) stock as a Neutral in their note to investors on October 18, 2024, suggesting a price target of $86 for the stock. On October 14, 2024, Needham Reiterated their recommendations, while on October 01, 2024, Susquehanna Upgrade their ratings for the stock with a price target of $120. Stock get a Buy rating from Needham on August 16, 2024.
