The closing price of Coherent Corp (NYSE: COHR) was $55.85 for the day, down -2.84% from the previous closing price of $57.48. In other words, the price has decreased by -$1.63 from its previous closing price. On the day, 989371 shares were traded.
Ratios:
Our analysis of COHR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.11. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when BASHAW WALTER ROBERT II sold 4,375 shares for $60.44 per share. The transaction valued at 264,414 led to the insider holds 108,409 shares of the business.
MATTERA VINCENT D JR sold 5,000 shares of COHR for $294,570 on Mar 15 ’24. The Chief Executive Officer now owns 674,684 shares after completing the transaction at $58.91 per share. On Mar 14 ’24, another insider, BASHAW WALTER ROBERT II, who serves as the President of the company, sold 8,175 shares for $60.21 each. As a result, the insider received 492,186 and left with 112,784 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 8.73B and an Enterprise Value of 14.56B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 3.15 whereas that against EBITDA is 25.16.
Stock Price History:
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 59.17, while the 200-Day Moving Average is calculated to be 44.49.
Shares Statistics:
COHR traded an average of 2.39M shares per day over the past three months and 1.54M shares per day over the past ten days. A total of 151.81M shares are outstanding, with a floating share count of 146.71M. Insiders hold about 3.36% of the company’s shares, while institutions hold 85.92% stake in the company. Shares short for COHR as of Mar 28, 2024 were 4.22M with a Short Ratio of 1.77, compared to 3.86M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.78% and a Short% of Float of 3.72%.
Earnings Estimates
The firm’s stock currently is rated by 17 analysts. 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 $3.03, with 18 analysts recommending between $4.06 and $1.3.
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 $5.41B 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 17.00% from the average revenue estimate for this year.
