Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Coherus Biosciences Inc (NASDAQ: CHRS) closed at $0.79 up 2.99% from its previous closing price of $0.77. In other words, the price has increased by $2.99 from its previous closing price. On the day, 1.85 million shares were traded. CHRS stock price reached its highest trading level at $0.8461 during the session, while it also had its lowest trading level at $0.7235.
Ratios:
For a deeper understanding of Coherus Biosciences Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 1.21.
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, UBS on August 16, 2024, Downgraded its rating to Neutral and sets its target price to $1.50 from $4 previously.
On November 17, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $11.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHRS now has a Market Capitalization of 92068576 and an Enterprise Value of 263268160. As of this moment, Coherus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34. Its current Enterprise Value per Revenue stands at 0.986 whereas that against EBITDA is -2.955.
Stock Price History:
The Beta on a monthly basis for CHRS is 0.96, which has changed by -0.6705394 over the last 52 weeks, in comparison to a change of 0.049593568 over the same period for the S&P500. Over the past 52 weeks, CHRS has reached a high of $2.61, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is -22.00%, while the 200-Day Moving Average is calculated to be -34.51%.
Shares Statistics:
For the past three months, CHRS has traded an average of 1.96M shares per day and 1768690 over the past ten days. A total of 115.61M shares are outstanding, with a floating share count of 111.29M. Insiders hold about 3.98% of the company’s shares, while institutions hold 54.13% stake in the company. Shares short for CHRS as of 1741910400 were 32554377 with a Short Ratio of 16.60, compared to 1739491200 on 31813610. Therefore, it implies a Short% of Shares Outstanding of 32554377 and a Short% of Float of 32.759997.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
