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As of close of business last night, Coherent Corp’s stock clocked out at $80.98, up 3.93% from its previous closing price of $77.92. In other words, the price has increased by $3.93 from its previous closing price. On the day, 4.79 million shares were traded. COHR stock price reached its highest trading level at $83.99 during the session, while it also had its lowest trading level at $77.79.
Ratios:
To gain a deeper understanding of COHR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.77 and its Current Ratio is at 2.72. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.56.
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 this company, Needham on August 16, 2024, Reiterated its Buy rating but revised its target price to $84 from $72 previously.
On August 12, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $65 to $75.
Barclays Upgraded its Equal Weight to Overweight on January 16, 2024, whereas the target price for the stock was revised from $38 to $60.
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 Sep 13 ’24 when Basso Ronald sold 4,741 shares for $77.92 per share. The transaction valued at 369,395 led to the insider holds 39,434 shares of the business.
CORASANTI JOSEPH J sold 8,970 shares of COHR for $694,175 on Sep 13 ’24. The Director now owns 92,642 shares after completing the transaction at $77.39 per share. On Sep 13 ’24, another insider, JOSEPH J CORASANTI, who serves as the Director of the company, bought 8,970 shares for $77.39 each.
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 12414234624 and an Enterprise Value of 18545432576. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.64 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 3.939 whereas that against EBITDA is 27.155.
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 11.92%, while the 200-Day Moving Average is calculated to be 34.90%.
Shares Statistics:
It appears that COHR traded 2.25M shares on average per day over the past three months and 2107060 shares per day over the past ten days. A total of 152.78M shares are outstanding, with a floating share count of 151.26M. Insiders hold about 1.33% of the company’s shares, while institutions hold 90.54% stake in the company. Shares short for COHR as of 1724976000 were 5252076 with a Short Ratio of 2.33, compared to 1722384000 on 4324975. Therefore, it implies a Short% of Shares Outstanding of 5252076 and a Short% of Float of 4.5700002.
