Coherus Biosciences Inc (NASDAQ: CHRS) is -28.23% lower on its value in year-to-date trading and has touched a low of $1.43 and a high of $8.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHRS stock was last observed hovering at around $2.42 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.39, the stock is 3.60% and 0.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -1.24% at the moment leaves the stock -28.53% off its SMA200. CHRS registered -62.77% loss for a year compared to 6-month loss of -39.80%. The firm has a 50-day simple moving average (SMA 50) of $2.46 and a 200-day simple moving average (SMA200) of -$3.26.
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The stock witnessed a 1.27% gain in the last 1 month and extending the period to 3 months gives it a -11.15%, and is -4.78% down 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 6.30% over the week and 8.62% over the month.
Coherus Biosciences Inc (CHRS) has around 306 employees, a market worth around $266.15M and $257.24M in sales. Profit margin for the company is -92.48%. Distance from 52-week low is 67.12% and -72.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-83.39%).
Coherus Biosciences Inc quarterly earnings per share for the current quarter are estimated at -$0.23 with sales reaching $81.7M over the same period.The EPS is expected to grow by 77.93% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to grow 72.20% in year-over-year returns.
Coherus Biosciences Inc (CHRS) Top Institutional Holders
221 institutions hold shares in Coherus Biosciences Inc (CHRS), with institutional investors hold 79.12% of the company’s shares. The shares outstanding are 112.22M, and float is at 106.17M with Short Float at 24.41%. Institutions hold 78.04% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 15.79 million shares valued at $67.41 million. The investor’s holdings represent 16.71% of the CHRS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.85 million shares valued at $37.79 million to account for 9.37% of the shares outstanding. The other top investors are Temasek Holdings (Private) Limited which holds 7.38 million shares representing 7.81% and valued at over $31.52 million, while Citadel Advisors Llc holds 6.33% of the shares totaling 5.98 million with a market value of $25.53 million.
Coherus Biosciences Inc (CHRS) Insider Activity
The most recent transaction is an insider sale by Lanfear Dennis M,the company’sPresident & CEO. SEC filings show that Lanfear Dennis M sold 223,100 shares of the company’s common stock on Nov 22 ’23 at a price of $2.02 per share for a total of $0.45 million. Following the sale, the insider now owns 0.73 million shares.
