A correction may be in store for Coherent Corp. (NASDAQ:COHR) shares?

As of close of business last night, Coherent Corp.’s stock clocked out at $44.31, down -1.01% from its previous closing price of $44.76. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 969025 shares were traded. COHR stock price reached its highest trading level at $44.88 during the session, while it also had its lowest trading level at $44.05.

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To gain a deeper understanding of COHR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 429.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.98.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Rosenblatt on January 18, 2023, initiated with a Buy rating and assigned the stock a target price of $55.

On December 13, 2022, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $43 to $45.

On December 02, 2022, Stifel started tracking the stock assigning a Buy rating and target price of $48.Stifel initiated its Buy rating on December 02, 2022, with a $48 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 15 when KRAMER FRANCIS J sold 2,936 shares for $40.00 per share. The transaction valued at 117,440 led to the insider holds 272,685 shares of the business.

Valuation Measures:

As of this moment, Coherent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 112.75, and their Forward P/E ratio for the next fiscal year is 9.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 1.29.

Stock Price History:

Over the past 52 weeks, COHR has reached a high of $75.05, while it has fallen to a 52-week low of $29.90. The 50-Day Moving Average of the stock is 36.86, while the 200-Day Moving Average is calculated to be 46.91.

Shares Statistics:

It appears that COHR traded 1.48M shares on average per day over the past three months and 1.1M shares per day over the past ten days. A total of 138.69M shares are outstanding, with a floating share count of 136.45M. Insiders hold about 1.40% of the company’s shares, while institutions hold 90.20% stake in the company. Shares short for COHR as of Oct 13, 2022 were 6.81M with a Short Ratio of 6.95M, compared to 6.35M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.92% and a Short% of Float of 5.74%.

Earnings Estimates

As of right now, 16 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.83 for the current quarter, with a high estimate of $0.85 and a low estimate of $0.77, while EPS last year was $0.87. The consensus estimate for the next quarter is $0.94, with high estimates of $1.33 and low estimates of $0.71.

Analysts are recommending an EPS of between $4.93 and $2.83 for the fiscal current year, implying an average EPS of $3.64. EPS for the following year is $4.5, with 12 analysts recommending between $5.43 and $3.38.

Revenue Estimates

In the current quarter, 15 analysts expect revenue to total $1.35B. It ranges from a high estimate of $1.37B to a low estimate of $1.32B. As of the current estimate, Coherent Corp.’s year-ago sales were $808.61M, an estimated increase of 66.60% from the year-ago figure.

A total of 16 analysts have provided revenue estimates for COHR’s current fiscal year. The highest revenue estimate was $5.61B, while the lowest revenue estimate was $5.01B, resulting in an average revenue estimate of $5.43B. In the same quarter a year ago, actual revenue was $3.32B, up 63.60% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $5.83B in the next fiscal year. The high estimate is $6.18B and the low estimate is $5.47B. The average revenue growth estimate for next year is up 7.40% from the average revenue estimate for this year.