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The price of Coherent Corp (NYSE: COHR) closed at $72.02 in the last session, down -3.37% from day before closing price of $74.53. In other words, the price has decreased by -$3.37 from its previous closing price. On the day, 2.34 million shares were traded. COHR stock price reached its highest trading level at $74.94 during the session, while it also had its lowest trading level at $71.92.
Ratios:
We take a closer look at COHR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 2.71. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.55.
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, Barclays on January 16, 2024, Upgraded its rating to Overweight and sets its target price to $60 from $38 previously.
On December 13, 2023, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $39 to $45.
B. Riley Securities Upgraded its Neutral to Buy on October 11, 2023, whereas the target price for the stock was revised from $31 to $37.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 01 ’24 when BASHAW WALTER ROBERT II sold 3,000 shares for $72.10 per share. The transaction valued at 216,300 led to the insider holds 96,659 shares of the business.
Dreyer Michael L sold 14,239 shares of COHR for $948,505 on Jun 05 ’24. The Director now owns 18,552 shares after completing the transaction at $66.61 per share. On Jun 04 ’24, another insider, CORASANTI JOSEPH J, who serves as the Director of the company, sold 11,440 shares for $65.80 each. As a result, the insider received 752,798 and left with 89,811 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COHR now has a Market Capitalization of 10980240384 and an Enterprise Value of 17105093632. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 3.72 whereas that against EBITDA is 23.26.
Stock Price History:
Over the past 52 weeks, COHR has reached a high of $80.93, while it has fallen to a 52-week low of $28.47. The 50-Day Moving Average of the stock is 7.63%, while the 200-Day Moving Average is calculated to be 38.62%.
Shares Statistics:
According to the various share statistics, COHR traded on average about 2.14M shares per day over the past 3-months and 1835490 shares per day over the past 10 days. A total of 152.46M shares are outstanding, with a floating share count of 149.17M. Insiders hold about 2.16% of the company’s shares, while institutions hold 86.81% stake in the company. Shares short for COHR as of 1719532800 were 5337617 with a Short Ratio of 2.50, compared to 1717113600 on 3750471. Therefore, it implies a Short% of Shares Outstanding of 5337617 and a Short% of Float of 4.68.
