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The price of Coherent Corp (NYSE: COHR) closed at $51.81 in the last session, down -2.34% from day before closing price of $53.05. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 1.62 million shares were traded. COHR stock price reached its highest trading level at $53.775 during the session, while it also had its lowest trading level at $51.77.
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 7.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.72. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 2.88. 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, Barclays on January 16, 2024, Upgraded its rating to Overweight and sets its target price to $60 from $38 previously.
On December 13, 2023, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $39 to $45.
B. Riley Securities Upgraded its Neutral to Buy on October 11, 2023, whereas the target price for the stock was revised from $31 to $37.
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 Apr 15 ’24 when MATTERA VINCENT D JR sold 5,000 shares for $53.10 per share. The transaction valued at 265,483 led to the insider holds 669,684 shares of the business.
BASHAW WALTER ROBERT II sold 4,375 shares of COHR for $264,414 on Apr 01 ’24. The President now owns 108,409 shares after completing the transaction at $60.44 per share. On Mar 15 ’24, another insider, MATTERA VINCENT D JR, who serves as the Chief Executive Officer of the company, sold 5,000 shares for $58.91 each. As a result, the insider received 294,570 and left with 674,684 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 7865431552 and an Enterprise Value of 14056005632. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 3.036 whereas that against EBITDA is 14.167.
Stock Price History:
The Beta on a monthly basis for COHR is 1.70, which has changed by 0.5465672 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, COHR has reached a high of $67.94, while it has fallen to a 52-week low of $26.29. The 50-Day Moving Average of the stock is -13.25%, while the 200-Day Moving Average is calculated to be 16.01%.
Shares Statistics:
According to the various share statistics, COHR traded on average about 2.35M shares per day over the past 3-months and 1381500 shares per day over the past 10 days. A total of 151.81M shares are outstanding, with a floating share count of 146.71M. Insiders hold about 3.36% of the company’s shares, while institutions hold 86.45% stake in the company. Shares short for COHR as of 1711584000 were 4220435 with a Short Ratio of 1.80, compared to 1709164800 on 3862694. Therefore, it implies a Short% of Shares Outstanding of 4220435 and a Short% of Float of 3.7199999999999998.
Earnings Estimates
Its stock is currently analyzed by 17 different market analysts. On average, analysts expect EPS of $0.42 for the current quarter, with a high estimate of $0.59 and a low estimate of $0.34, while EPS last year was $0.58. The consensus estimate for the next quarter is $0.58, with high estimates of $0.99 and low estimates of $0.43.
Analysts are recommending an EPS of between $1.59 and $1.3 for the fiscal current year, implying an average EPS of $1.48. EPS for the following year is $3.03, with 18 analysts recommending between $4.06 and $1.3.
Revenue Estimates
A total of 18 analysts have provided revenue estimates for COHR’s current fiscal year. The highest revenue estimate was $4.66B, while the lowest revenue estimate was $4.57B, resulting in an average revenue estimate of $4.62B. In the same quarter a year ago, actual revenue was $5.16B, down -10.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $5.41B in the next fiscal year. The high estimate is $5.79B and the low estimate is $5.21B. The average revenue growth estimate for next year is up 17.00% from the average revenue estimate for this year.
