Closing Strong: Coherent Corp (COHR) Ends at 75.11, Down -1.88 from Last Close

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After finishing at $76.55 in the prior trading day, Coherent Corp (NYSE: COHR) closed at $75.11, down -1.88%. In other words, the price has decreased by -$1.88 from its previous closing price. On the day, 1.37 million shares were traded. COHR stock price reached its highest trading level at $77.49 during the session, while it also had its lowest trading level at $74.08.


Our goal is to gain a better understanding of COHR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.90. 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 11670892544 and an Enterprise Value of 17576198144. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 2.15. Its current Enterprise Value per Revenue stands at 3.822 whereas that against EBITDA is 23.9.

Stock Price History:

Over the past 52 weeks, COHR has reached a high of $77.28, while it has fallen to a 52-week low of $28.47. The 50-Day Moving Average of the stock is 18.42%, while the 200-Day Moving Average is calculated to be 49.84%.

Shares Statistics:

The stock has traded on average 2.09M shares per day over the past 3-months and 1523930 shares per day over the last 10 days, according to various share statistics. 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 86.97% stake in the company. Shares short for COHR as of 1718323200 were 4534012 with a Short Ratio of 2.17, compared to 1715731200 on 3499203. Therefore, it implies a Short% of Shares Outstanding of 4534012 and a Short% of Float of 3.9699999999999998.

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