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Coherus Biosciences Inc (NASDAQ: CHRS) closed the day trading at $1.26 down -18.71% from the previous closing price of $1.55. In other words, the price has decreased by -$18.71 from its previous closing price. On the day, 5.77 million shares were traded. CHRS stock price reached its highest trading level at $1.49 during the session, while it also had its lowest trading level at $1.25.
Ratios:
For a better understanding of CHRS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.21.
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, UBS on August 16, 2024, Downgraded its rating to Neutral and sets its target price to $1.50 from $4 previously.
On November 17, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $11.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 22 ’23 when Lanfear Dennis M sold 223,100 shares for $2.02 per share. The transaction valued at 449,770 led to the insider holds 731,693 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHRS now has a Market Capitalization of 145163344 and an Enterprise Value of 255619808. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47. Its current Enterprise Value per Revenue stands at 0.83 whereas that against EBITDA is -1.796.
Stock Price History:
Over the past 52 weeks, CHRS has reached a high of $5.47, while it has fallen to a 52-week low of $1.22. The 50-Day Moving Average of the stock is -19.73%, while the 200-Day Moving Average is calculated to be -40.87%.
Shares Statistics:
Over the past 3-months, CHRS traded about 1.63M shares per day on average, while over the past 10 days, CHRS traded about 2292010 shares per day. A total of 112.22M shares are outstanding, with a floating share count of 110.56M. Insiders hold about 4.04% of the company’s shares, while institutions hold 69.76% stake in the company. Shares short for CHRS as of 1722384000 were 22655930 with a Short Ratio of 13.90, compared to 1719532800 on 23035773. Therefore, it implies a Short% of Shares Outstanding of 22655930 and a Short% of Float of 22.950001.
