The price of Coherent Corp (NYSE: COHR) closed at $58.00 in the last session, down -2.67% from day before closing price of $59.59. In other words, the price has decreased by -$1.59 from its previous closing price. On the day, 2412780 shares were traded.
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 8.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.39. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 2.88. 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 Mar 15 ’24 when MATTERA VINCENT D JR sold 5,000 shares for $58.91 per share. The transaction valued at 294,570 led to the insider holds 674,684 shares of the business.
BASHAW WALTER ROBERT II sold 8,175 shares of COHR for $492,186 on Mar 14 ’24. The President now owns 112,784 shares after completing the transaction at $60.21 per share. On Feb 15 ’24, another insider, Koeppen Christopher, who serves as the Chief Innovation Officer of the company, sold 2,000 shares for $62.02 each. As a result, the insider received 124,040 and left with 66,662 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 9.05B and an Enterprise Value of 14.88B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 3.22 whereas that against EBITDA is 25.71.
Stock Price History:
The Beta on a monthly basis for COHR is 1.69, which has changed by 70.59% over the last 52 weeks, in comparison to a change of 31.54% over the same period for the S&P500. Over the past 52 weeks, COHR has reached a high of $67.94, while it has fallen to a 52-week low of $26.29. The 50-Day Moving Average of the stock is 55.00, while the 200-Day Moving Average is calculated to be 43.41.
Shares Statistics:
According to the various share statistics, COHR traded on average about 2.29M shares per day over the past 3-months and 2.03M shares per day over the past 10 days. A total of 151.81M shares are outstanding, with a floating share count of 146.70M. Insiders hold about 3.37% of the company’s shares, while institutions hold 85.90% stake in the company. Shares short for COHR as of Feb 29, 2024 were 3.86M with a Short Ratio of 1.69, compared to 4.57M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.54% and a Short% of Float of 3.40%.
Earnings Estimates
The company has 17 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.42 for the current quarter, with a high estimate of $0.59 and a low estimate of $0.34, while EPS last year was $0.58. The consensus estimate for the next quarter is $0.58, with high estimates of $0.99 and low estimates of $0.43.
Analysts are recommending an EPS of between $1.59 and $1.3 for the fiscal current year, implying an average EPS of $1.48. EPS for the following year is $3.08, with 18 analysts recommending between $4.06 and $2.47.
Revenue Estimates
A total of 18 analysts have provided revenue estimates for COHR’s current fiscal year. The highest revenue estimate was $4.66B, while the lowest revenue estimate was $4.57B, resulting in an average revenue estimate of $4.62B. In the same quarter a year ago, actual revenue was $5.16B, down -10.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $5.4B in the next fiscal year. The high estimate is $5.79B and the low estimate is $5.21B. The average revenue growth estimate for next year is up 16.90% from the average revenue estimate for this year.
