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In the latest session, Coherent Corp (NYSE: COHR) closed at $66.96 up 0.39% from its previous closing price of $66.70. In other words, the price has increased by $0.39 from its previous closing price. On the day, 2.31 million shares were traded. COHR stock price reached its highest trading level at $67.52 during the session, while it also had its lowest trading level at $66.27.
Ratios:
For a deeper understanding of Coherent Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.38. 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, BofA Securities on August 12, 2024, Upgraded its rating to Buy and sets its target price to $75 from $65 previously.
On January 16, 2024, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $38 to $60.
Morgan Stanley Downgraded its Overweight to Equal-Weight on December 13, 2023, whereas the target price for the stock was revised from $39 to $45.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 01 ’24 when WALTER R BASHAW II bought 3,000 shares for $69.68 per share.
BASHAW WALTER ROBERT II sold 3,000 shares of COHR for $200,024 on Aug 01 ’24. The President now owns 85,860 shares after completing the transaction at $66.67 per share. On Jul 01 ’24, another insider, BASHAW WALTER ROBERT II, who serves as the President of the company, sold 3,000 shares for $72.10 each. As a result, the insider received 216,300 and left with 96,659 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 10208787456 and an Enterprise Value of 16333640704. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.22 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 3.552 whereas that against EBITDA is 22.211.
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 -4.16%, while the 200-Day Moving Average is calculated to be 22.16%.
Shares Statistics:
For the past three months, COHR has traded an average of 2.14M shares per day and 2679510 over the past ten days. A total of 152.46M shares are outstanding, with a floating share count of 149.62M. Insiders hold about 1.86% of the company’s shares, while institutions hold 89.06% stake in the company. Shares short for COHR as of 1722384000 were 4324975 with a Short Ratio of 2.02, compared to 1719532800 on 5337617. Therefore, it implies a Short% of Shares Outstanding of 4324975 and a Short% of Float of 3.7900000000000005.
