The 36-month beta value for COHR is at 1.66. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for COHR is 152.28M, and currently, shorts hold a 4.42% of that float. The average trading volume for COHR on October 22, 2024 was 2.59M shares.
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COHR) stock’s latest price update
Coherent Corp (NYSE: COHR) has seen a decline in its stock price by -1.27 in relation to its previous close of 98.44. However, the company has experienced a -3.31% decline in its stock price over the last five trading sessions. marketwatch.com reported 2024-10-22 that Coherent’s transceivers have proved useful for data-center connectivity, but a Rosenblatt analyst sees several factors that could stall the stock’s run.
COHR’s Market Performance
Coherent Corp (COHR) has experienced a -3.31% fall in stock performance for the past week, with a 10.21% rise in the past month, and a 38.51% rise in the past quarter. The volatility ratio for the week is 3.47%, and the volatility levels for the past 30 days are at 3.89% for COHR. The simple moving average for the past 20 days is 0.86% for COHR’s stock, with a 45.99% simple moving average for the past 200 days.
Analysts’ Opinion of COHR
B. Riley Securities, on the other hand, stated in their research note that they expect to see COHR reach a price target of $86. The rating they have provided for COHR stocks is “Neutral” according to the report published on October 18th, 2024.
Needham gave a rating of “Buy” to COHR, setting the target price at $120 in the report published on October 14th of the current year.
COHR Trading at 14.58% from the 50-Day Moving Average
After a stumble in the market that brought COHR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.74% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 3.47%, as shares surge +8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.52% upper at present.
During the last 5 trading sessions, COHR fell by -3.44%, which changed the moving average for the period of 200-days by +135.75% in comparison to the 20-day moving average, which settled at $96.35. In addition, Coherent Corp saw 123.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COHR starting from Koeppen Christopher, who sale 1,899 shares at the price of $91.35 back on Oct 01 ’24. After this action, Koeppen Christopher now owns 66,148 shares of Coherent Corp, valued at $173,474 using the latest closing price.
CHRISTOPHER KOEPPEN, the Officer of Coherent Corp, proposed sale 1,899 shares at $88.91 during a trade that took place back on Oct 01 ’24, which means that CHRISTOPHER KOEPPEN is holding shares at $168,840 based on the most recent closing price.
Stock Fundamentals for COHR
Current profitability levels for the company are sitting at:
- -6.75 for the present operating margin
- 0.31 for the gross margin
The net margin for Coherent Corp stands at -0.03. The total capital return value is set at -2.42. Equity return is now at value -2.11, with -1.11 for asset returns.
Based on Coherent Corp (COHR), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is -110.2.
Currently, EBITDA for the company is 727.64 million with net debt to EBITDA at 5.79. When we switch over and look at the enterprise to sales, we see a ratio of 3.9. The receivables turnover for the company is 5.38for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.
Conclusion
In conclusion, Coherent Corp (COHR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
