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The price of Coherent Corp (NYSE: COHR) closed at $89.73 in the last session, up 1.75% from day before closing price of $88.19. In other words, the price has increased by $1.75 from its previous closing price. On the day, 2.45 million shares were traded. COHR stock price reached its highest trading level at $91.0 during the session, while it also had its lowest trading level at $88.25.
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 12.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 69.15. 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 Sep 13 ’24 when Basso Ronald sold 4,741 shares for $77.92 per share. The transaction valued at 369,395 led to the insider holds 39,434 shares of the business.
CORASANTI JOSEPH J sold 8,970 shares of COHR for $694,175 on Sep 13 ’24. The Director now owns 92,642 shares after completing the transaction at $77.39 per share. On Sep 13 ’24, another insider, JOSEPH J CORASANTI, who serves as the Director of the company, bought 8,970 shares for $77.39 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 13755609088 and an Enterprise Value of 19886811136. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 2.63. Its current Enterprise Value per Revenue stands at 4.224 whereas that against EBITDA is 29.12.
Stock Price History:
Over the past 52 weeks, COHR has reached a high of $89.25, while it has fallen to a 52-week low of $28.62. The 50-Day Moving Average of the stock is 22.81%, while the 200-Day Moving Average is calculated to be 47.16%.
Shares Statistics:
According to the various share statistics, COHR traded on average about 2.39M shares per day over the past 3-months and 3140510 shares per day over the past 10 days. A total of 152.78M shares are outstanding, with a floating share count of 151.27M. Insiders hold about 1.33% of the company’s shares, while institutions hold 90.60% stake in the company. Shares short for COHR as of 1724976000 were 5252076 with a Short Ratio of 2.20, compared to 1722384000 on 4324975. Therefore, it implies a Short% of Shares Outstanding of 5252076 and a Short% of Float of 4.5700002.
