For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Coherus Biosciences Inc (NASDAQ: CHRS) closed at $1.61 in the last session, down -5.29% from day before closing price of $1.70. In other words, the price has decreased by -$5.29 from its previous closing price. On the day, 3.29 million shares were traded. CHRS stock price reached its highest trading level at $1.72 during the session, while it also had its lowest trading level at $1.6.
Ratios:
We take a closer look at CHRS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.25.
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 195862944 and an Enterprise Value of 357678592. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61. Its current Enterprise Value per Revenue stands at 1.175 whereas that against EBITDA is -3.059.
Stock Price History:
Over the past 52 weeks, CHRS has reached a high of $3.70, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 60.05%, while the 200-Day Moving Average is calculated to be 1.15%.
Shares Statistics:
According to the various share statistics, CHRS traded on average about 5.15M shares per day over the past 3-months and 16973200 shares per day over the past 10 days. A total of 115.21M shares are outstanding, with a floating share count of 110.58M. Insiders hold about 4.02% of the company’s shares, while institutions hold 66.08% stake in the company. Shares short for CHRS as of 1732838400 were 30717116 with a Short Ratio of 6.41, compared to 1730332800 on 31511462. Therefore, it implies a Short% of Shares Outstanding of 30717116 and a Short% of Float of 31.11.
