Coherent Corp (NYSE: COHR) is 45.28% higher on its value in year-to-date trading and has touched a low of $26.29 and a high of $67.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COHR stock was last observed hovering at around $60.01 in the last trading session, with the day’s gains setting it 3.23%.
Currently trading at $63.24, the stock is 3.27% and 14.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.33 million and changing 5.38% at the moment leaves the stock 45.33% off its SMA200. COHR registered 80.07% gain for a year compared to 6-month gain of 109.75%. The firm has a 50-day simple moving average (SMA 50) of $3.33 and a 200-day simple moving average (SMA200) of $26.67.
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The stock witnessed a 10.08% loss in the last 1 month and extending the period to 3 months gives it a 43.04%, and is 5.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.58% over the week and 4.15% over the month.
Coherent Corp (COHR) has around 27000 employees, a market worth around $9.60B and $4.63B in sales. Fwd P/E is 20.55. Profit margin for the company is -8.72%. Distance from 52-week low is 140.55% and -6.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.35%).
Coherent Corp quarterly earnings per share for the current quarter are estimated at $0.42 with sales reaching $1.17B over the same period.The EPS is expected to shrink by -50.58% this year, but quarterly earnings will post -10.50% year-over-year.
548 institutions hold shares in Coherent Corp (COHR), with institutional investors hold 90.94% of the company’s shares. The shares outstanding are 151.81M, and float is at 146.70M with Short Float at 2.63%. Institutions hold 89.47% of the Float.
The top institutional shareholder in the company is Dodge & Cox Inc with over 19.92 million shares valued at $1.02 billion. The investor’s holdings represent 13.25% of the COHR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.89 million shares valued at $708.03 million to account for 9.23% of the shares outstanding. The other top investors are Blackrock Inc. which holds 11.74 million shares representing 7.81% and valued at over $598.47 million, while FMR, LLC holds 4.72% of the shares totaling 7.1 million with a market value of $361.82 million.
Coherent Corp (COHR) Insider Activity
The most recent transaction is an insider sale by MATTERA VINCENT D JR, the company’s Chief Executive Officer. SEC filings show that MATTERA VINCENT D JR sold 5,000 shares of the company’s common stock on Mar 15 ’24 at a price of $58.91 per share for a total of $0.29 million. Following the sale, the insider now owns 0.67 million shares.
Coherent Corp disclosed in a document filed with the SEC on Mar 14 ’24 that BASHAW WALTER ROBERT II (President) sold a total of 8,175 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $60.21 per share for $0.49 million. Following the transaction, the insider now directly holds 0.11 million shares of the COHR stock.
Still, SEC filings show that on Feb 15 ’24, Koeppen Christopher (Chief Innovation Officer) disposed off 2,000 shares at an average price of $62.02 for $0.12 million. The insider now directly holds 66,662 shares of Coherent Corp (COHR).
