Currently, there are 154.52M common shares owned by the public and among those 152.52M shares have been available to trade.
The company’s stock has a 5-day price change of -17.27% and -16.87% over the past three months. COHR shares are trading -14.16% year to date (YTD), with the 12-month market performance up to 69.42% higher. It has a 12-month low price of $47.14 and touched a high of $113.60 over the same period. COHR has an average intraday trading volume of 2.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -16.64%, -19.13%, and 0.83% respectively.
Institutional ownership of Coherent Corp (NYSE: COHR) shares accounts for 93.02% of the company’s 154.52M shares outstanding.
It has a market capitalization of $12.58B and a beta (3y monthly) value of 1.67. The earnings-per-share (ttm) stands at -$1.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.83% over the week and 5.41% over the month.
Earnings per share for the fiscal year are expected to increase by 81.06%, and 44.33% over the next financial year.
Looking at the support for the COHR, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on December 04, 2024, with the firm’s price target at $135. Citigroup coverage for the Coherent Corp (COHR) stock in a research note released on November 18, 2024 offered a Buy rating with a price target of $136. Rosenblatt was of a view on October 22, 2024 that the stock is Neutral, while B. Riley Securities gave the stock Neutral rating on October 18, 2024, issuing a price target of $86. Needham on their part issued Buy rating on October 14, 2024.
