The stock of Coherus Biosciences Inc (CHRS) has gone up by 19.04% for the week, with a -7.34% drop in the past month and a -36.48% drop in the past quarter. The volatility ratio for the week is 13.23%, and the volatility levels for the past 30 days are 8.36% for CHRS. The simple moving average for the past 20 days is 9.91% for CHRS’s stock, with a -49.04% simple moving average for the past 200 days.
Is It Worth Investing in Coherus Biosciences Inc (NASDAQ: CHRS) Right Now?
Company’s 36-month beta value is 0.70.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CHRS is 110.58M, and currently, short sellers hold a 28.50% ratio of that floaft. The average trading volume of CHRS on November 12, 2024 was 2.50M shares.
CHRS) stock’s latest price update
The stock price of Coherus Biosciences Inc (NASDAQ: CHRS) has surged by 11.74 when compared to previous closing price of 0.78, but the company has seen a 19.04% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-06 that Coherus BioSciences, Inc. (CHRS) Q3 2024 Earnings Call Transcript
Analysts’ Opinion of CHRS
Many brokerage firms have already submitted their reports for CHRS stocks, with UBS repeating the rating for CHRS by listing it as a “Neutral.” The predicted price for CHRS in the upcoming period, according to UBS is $1.50 based on the research report published on August 16, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see CHRS reach a price target of $11. The rating they have provided for CHRS stocks is “Outperform” according to the report published on November 17th, 2023.
CHRS Trading at -10.85% from the 50-Day Moving Average
After a stumble in the market that brought CHRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.48% of loss for the given period.
Volatility was left at 8.36%, however, over the last 30 days, the volatility rate increased by 13.23%, as shares sank -6.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.13% lower at present.
During the last 5 trading sessions, CHRS rose by +16.96%, which changed the moving average for the period of 200-days by -62.83% in comparison to the 20-day moving average, which settled at $0.7912. In addition, Coherus Biosciences Inc saw -73.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHRS starting from Lanfear Dennis M, who sale 223,100 shares at the price of $2.02 back on Nov 22 ’23. After this action, Lanfear Dennis M now owns 731,693 shares of Coherus Biosciences Inc, valued at $449,770 using the latest closing price.
Stock Fundamentals for CHRS
Current profitability levels for the company are sitting at:
- -0.43 for the present operating margin
- 0.5 for the gross margin
The net margin for Coherus Biosciences Inc stands at -0.0. The total capital return value is set at -0.63.
Based on Coherus Biosciences Inc (CHRS), the company’s capital structure generated 1.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.27. The debt to equity ratio resting at -2.63. The interest coverage ratio of the stock is -6.03.
Currently, EBITDA for the company is -189.41 million with net debt to EBITDA at -1.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 1.82for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In a nutshell, Coherus Biosciences Inc (CHRS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
