Coherent Corp (NYSE: COHR) is 70.60% higher on its value in year-to-date trading and has touched a low of $28.47 and a high of $80.93 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 $73.90 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $74.26, the stock is 1.44% and 2.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 0.49% at the moment leaves the stock 27.34% off its SMA200. COHR registered 108.24% gain for a year compared to 6-month loss of 14.74%.
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The stock witnessed a 28.17% gain in the last 1 month and extending the period to 3 months gives it a 11.25%, and is -5.75% 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 4.78% over the week and 4.31% over the month.
Coherent Corp (COHR) has around 26000 employees, a market worth around $11.38B and $4.71B in sales. Fwd P/E is 17.36. Profit margin for the company is -5.94%. Distance from 52-week low is 160.84% and -8.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.37%).
The EPS is expected to grow by 73.64% this year
659.0 institutions hold shares in Coherent Corp (COHR), with institutional investors hold 93.55% of the company’s shares. The shares outstanding are 152.78M, and float is at 151.25M with Short Float at 3.45%. Institutions hold 91.98% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.41 million shares valued at $1.12 billion. The investor’s holdings represent 10.0679 of the COHR Shares outstanding. As of 2024-06-30, the second largest holder is DODGE & COX with 14.01 million shares valued at $1.02 billion to account for 9.1572 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 12.29 million shares representing 8.0329 and valued at over $890.76 million, while INVESCO LTD. holds 5.6191 of the shares totaling 8.6 million with a market value of $623.1 million.
Coherent Corp (COHR) Insider Activity
The most recent transaction is an insider purchase by ANDERSON JAMES ROBERT, the company’s CEO & President. SEC filings show that ANDERSON JAMES ROBERT bought 500 shares of the company’s common stock on Sep 03 ’24 at a price of $73.37 per share for a total of $36685.0. Following the purchase, the insider now owns 0.15 million shares.
Coherent Corp disclosed in a document filed with the SEC on Aug 15 ’24 that Koeppen Christopher (Chief Innovation Officer) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $71.01 per share for $0.14 million. Following the transaction, the insider now directly holds 64608.0 shares of the COHR stock.
Still, SEC filings show that on Aug 15 ’24, VINCENT D MATTERA JR (Director) Proposed Sale 5,000 shares at an average price of $66.99 for $0.33 million. The insider now directly holds shares of Coherent Corp (COHR).
