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The closing price of Coherent Corp (NYSE: COHR) was $79.48 for the day, up 0.06% from the previous closing price of $79.43. In other words, the price has increased by $0.06 from its previous closing price. On the day, 1.75 million shares were traded. COHR stock price reached its highest trading level at $80.02 during the session, while it also had its lowest trading level at $77.88.
Ratios:
Our analysis of COHR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.26. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 12184284160 and an Enterprise Value of 18315481088. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 2.33. Its current Enterprise Value per Revenue stands at 3.891 whereas that against EBITDA is 26.819.
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 10.95%, while the 200-Day Moving Average is calculated to be 39.30%.
Shares Statistics:
COHR traded an average of 2.44M shares per day over the past three months and 3408250 shares per day over the past ten days. A total of 152.78M shares are outstanding, with a floating share count of 151.32M. Insiders hold about 1.29% of the company’s shares, while institutions hold 92.16% stake in the company. Shares short for COHR as of 1722384000 were 4324975 with a Short Ratio of 2.14, compared to 1719532800 on 5337617. Therefore, it implies a Short% of Shares Outstanding of 4324975 and a Short% of Float of 3.7900000000000005.
