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The closing price of Coherus Biosciences Inc (NASDAQ: CHRS) was $1.05 for the day, down -0.94% from the previous closing price of $1.06. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 1.25 million shares were traded. CHRS stock price reached its highest trading level at $1.115 during the session, while it also had its lowest trading level at $1.04.
Ratios:
Our analysis of CHRS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.21.
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 the company, UBS on August 16, 2024, Downgraded its rating to Neutral and sets its target price to $1.50 from $4 previously.
On November 17, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $11.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 22 ’23 when Lanfear Dennis M sold 223,100 shares for $2.02 per share. The transaction valued at 449,770 led to the insider holds 731,693 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHRS now has a Market Capitalization of 120969448 and an Enterprise Value of 231426016. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.39. Its current Enterprise Value per Revenue stands at 0.751 whereas that against EBITDA is -1.626.
Stock Price History:
Over the past 52 weeks, CHRS has reached a high of $4.09, while it has fallen to a 52-week low of $0.97. The 50-Day Moving Average of the stock is -22.04%, while the 200-Day Moving Average is calculated to be -46.86%.
Shares Statistics:
CHRS traded an average of 1.99M shares per day over the past three months and 3344360 shares per day over the past ten days. A total of 112.22M shares are outstanding, with a floating share count of 110.58M. Insiders hold about 4.02% of the company’s shares, while institutions hold 69.24% stake in the company. Shares short for CHRS as of 1726185600 were 25091785 with a Short Ratio of 12.58, compared to 1723680000 on 24006526. Therefore, it implies a Short% of Shares Outstanding of 25091785 and a Short% of Float of 25.41.
