Market Momentum Report: Coherent Corp (COHR)’s Positive Close at 99.78

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The price of Coherent Corp (NYSE: COHR) closed at $99.78 in the last session, up 0.77% from day before closing price of $99.02. In other words, the price has increased by $0.77 from its previous closing price. On the day, 0.63 million shares were traded. COHR stock price reached its highest trading level at $100.17 during the session, while it also had its lowest trading level at $98.63.

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 14.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 126.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 2.67. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.52.

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, Jefferies on December 04, 2024, initiated with a Buy rating and assigned the stock a target price of $135.

Rosenblatt Downgraded its Buy to Neutral on October 22, 2024, while the target price for the stock was maintained at $105.

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 Dec 16 ’24 when Koeppen Christopher sold 2,916 shares for $108.84 per share. The transaction valued at 317,377 led to the insider holds 55,338 shares of the business.

Koeppen Christopher sold 2,248 shares of COHR for $236,051 on Nov 22 ’24. The Chief Innovation Officer now owns 58,254 shares after completing the transaction at $105.00 per share. On Dec 16 ’24, another insider, CHRISTOPHER KOEPPEN, who serves as the Officer of the company, bought 2,916 shares for $108.84 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 15432373248 and an Enterprise Value of 21039005696. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.11 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 4.205 whereas that against EBITDA is 26.293.

Stock Price History:

Over the past 52 weeks, COHR has reached a high of $113.60, while it has fallen to a 52-week low of $40.12. The 50-Day Moving Average of the stock is -1.19%, while the 200-Day Moving Average is calculated to be 29.77%.

Shares Statistics:

According to the various share statistics, COHR traded on average about 2.49M shares per day over the past 3-months and 2412780 shares per day over the past 10 days. A total of 154.52M shares are outstanding, with a floating share count of 152.52M. Insiders hold about 1.38% of the company’s shares, while institutions hold 93.37% stake in the company. Shares short for COHR as of 1732838400 were 5348497 with a Short Ratio of 2.21, compared to 1730332800 on 5457137. Therefore, it implies a Short% of Shares Outstanding of 5348497 and a Short% of Float of 4.2299999999999995.

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