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Coherent Corp (NYSE: COHR) closed the day trading at $93.57 up 2.93% from the previous closing price of $90.91. In other words, the price has increased by $2.93 from its previous closing price. On the day, 2.4 million shares were traded. COHR stock price reached its highest trading level at $94.025 during the session, while it also had its lowest trading level at $91.495.
Ratios:
For a better understanding of COHR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 72.64. 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.
On October 18, 2024, B. Riley Securities Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $86.
Needham reiterated its Buy rating for the stock on October 14, 2024, while the target price for the stock was revised from $84 to $120.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 01 ’24 when Koeppen Christopher sold 1,899 shares for $91.35 per share. The transaction valued at 173,474 led to the insider holds 66,148 shares of the business.
CHRISTOPHER KOEPPEN bought 1,899 shares of COHR for $168,840 on Oct 01 ’24. On Sep 13 ’24, another insider, Basso Ronald, who serves as the Chief Legal & Compliance Off. of the company, sold 4,741 shares for $77.92 each. As a result, the insider received 369,395 and left with 39,434 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 14447956992 and an Enterprise Value of 20475484160. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.07 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 4.349 whereas that against EBITDA is 29.982.
Stock Price History:
Over the past 52 weeks, COHR has reached a high of $106.50, while it has fallen to a 52-week low of $32.09. The 50-Day Moving Average of the stock is 5.44%, while the 200-Day Moving Average is calculated to be 35.34%.
Shares Statistics:
Over the past 3-months, COHR traded about 2.55M shares per day on average, while over the past 10 days, COHR traded about 1988050 shares per day. A total of 152.78M shares are outstanding, with a floating share count of 152.24M. Insiders hold about 1.40% of the company’s shares, while institutions hold 89.41% stake in the company. Shares short for COHR as of 1728950400 were 6700681 with a Short Ratio of 2.62, compared to 1726185600 on 5286044. Therefore, it implies a Short% of Shares Outstanding of 6700681 and a Short% of Float of 5.3100000000000005.
Earnings Estimates
Coherent Corp (COHR) is currently under the scrutiny of 17.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $0.69, with high estimates of $0.78 and low estimates of $0.63.
Analysts are recommending an EPS of between $3.24 and $2.68 for the fiscal current year, implying an average EPS of $2.93. EPS for the following year is $4.24, with 14.0 analysts recommending between $5.35 and $2.68.
Revenue Estimates
16 analysts predict $1.31B in revenue for the current quarter. It ranges from a high estimate of $1.32B to a low estimate of $1.31B. As of the current estimate, Coherent Corp’s year-ago sales were $1.05BFor the next quarter, 16 analysts are estimating revenue of $1.35B. There is a high estimate of $1.36B for the next quarter, whereas the lowest estimate is $1.33B.
A total of 18 analysts have provided revenue estimates for COHR’s current fiscal year. The highest revenue estimate was $5.6B, while the lowest revenue estimate was $5.35B, resulting in an average revenue estimate of $5.46B. In the same quarter a year ago, actual revenue was $4.71BBased on 15 analysts’ estimates, the company’s revenue will be $6.12B in the next fiscal year. The high estimate is $6.42B and the low estimate is $5.87B.
