Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
As of close of business last night, Coherus Biosciences Inc’s stock clocked out at $0.74, down -3.70% from its previous closing price of $0.77. In other words, the price has decreased by -$3.70 from its previous closing price. On the day, 3.0 million shares were traded. CHRS stock price reached its highest trading level at $0.8 during the session, while it also had its lowest trading level at $0.7.
Ratios:
To gain a deeper understanding of CHRS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.25.
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:
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 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 85718472 and an Enterprise Value of 257903776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27. Its current Enterprise Value per Revenue stands at 0.847 whereas that against EBITDA is -2.206.
Stock Price History:
Over the past 52 weeks, CHRS has reached a high of $3.70, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is -21.16%, while the 200-Day Moving Average is calculated to be -55.88%.
Shares Statistics:
It appears that CHRS traded 2.55M shares on average per day over the past three months and 3645700 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 71.44% stake in the company. Shares short for CHRS as of 1730332800 were 31511462 with a Short Ratio of 12.37, compared to 1727654400 on 27963746. Therefore, it implies a Short% of Shares Outstanding of 31511462 and a Short% of Float of 31.919999999999998.
