Coherus Biosciences Inc (NASDAQ: CHRS) is -62.01% lower on its value in year-to-date trading and has touched a low of $1.22 and a high of $5.47 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 $1.26 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.26, the stock is -13.83% and -18.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.31 million and changing 0.40% at the moment leaves the stock -40.39% off its SMA200. CHRS registered -70.92% loss for a year compared to 6-month loss of -54.17%.
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The stock witnessed a -22.87% gain in the last 1 month and extending the period to 3 months gives it a -40.33%, and is -13.36% 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 11.10% over the week and 9.96% over the month.
Coherus Biosciences Inc (CHRS) has around 306 employees, a market worth around $145.74M and $308.13M in sales. Profit margin for the company is -9.52%. Distance from 52-week low is 3.69% and -76.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.96%).
The EPS is expected to grow by 111.61% this year.
Coherus Biosciences Inc (CHRS) Top Institutional Holders
182.0 institutions hold shares in Coherus Biosciences Inc (CHRS), with institutional investors hold 76.44% of the company’s shares. The shares outstanding are 112.22M, and float is at 110.56M with Short Float at 20.49%. Institutions hold 75.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.23 million shares valued at $$26.84 million. The investor’s holdings represent 11.9267 of the CHRS Shares outstanding. As of 2024-03-31, the second largest holder is RUBRIC CAPITAL MANAGEMENT LP with 10.4 million shares valued at $$24.86 million to account for 11.0447 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.08 million shares representing 10.7044 and valued at over $$24.09 million, while TEMASEK HOLDINGS (PRIVATE) LTD holds 7.8387 of the shares totaling 7.38 million with a market value of $$17.64 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.
