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The price of Coherent Corp (NYSE: COHR) closed at $80.21 in the last session, up 2.11% from day before closing price of $78.55. In other words, the price has increased by $2.11 from its previous closing price. On the day, 2.32 million shares were traded. COHR stock price reached its highest trading level at $80.23 during the session, while it also had its lowest trading level at $77.715.
Ratios:
We take a closer look at COHR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.82. 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.
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 this company, Needham on August 16, 2024, Reiterated its Buy rating but revised its target price to $84 from $72 previously.
On August 12, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $65 to $75.
Barclays Upgraded its Equal Weight to Overweight on January 16, 2024, whereas the target price for the stock was revised from $38 to $60.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 15 ’24 when Koeppen Christopher sold 2,000 shares for $71.01 per share. The transaction valued at 142,016 led to the insider holds 64,608 shares of the business.
VINCENT D MATTERA JR bought 5,000 shares of COHR for $334,950 on Aug 15 ’24. On Aug 15 ’24, another insider, CHRISTOPHER KOEPPEN, who serves as the Officer of the company, bought 2,000 shares for $66.99 each.
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 12296193024 and an Enterprise Value of 18440390656. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 2.35. Its current Enterprise Value per Revenue stands at 3.917 whereas that against EBITDA is 27.002.
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 13.31%, while the 200-Day Moving Average is calculated to be 42.94%.
Shares Statistics:
According to the various share statistics, COHR traded on average about 2.40M shares per day over the past 3-months and 3556820 shares per day over the past 10 days. A total of 152.78M shares are outstanding, with a floating share count of 151.20M. Insiders hold about 1.37% of the company’s shares, while institutions hold 92.40% stake in the company. Shares short for COHR as of 1722384000 were 4324975 with a Short Ratio of 1.80, compared to 1719532800 on 5337617. Therefore, it implies a Short% of Shares Outstanding of 4324975 and a Short% of Float of 3.7900000000000005.
