Coherent Corp (NYSE: COHR) is 106.13% higher on its value in year-to-date trading and has touched a low of $28.62 and a high of $89.25 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 $88.19 in the last trading session, with the day’s gains setting it 1.54%.
Currently trading at $89.73, the stock is 15.90% and 22.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 1.75% at the moment leaves the stock 47.16% off its SMA200. COHR registered 186.95% gain for a year compared to 6-month gain of 44.45%. The firm has a 50-day simple moving average (SMA 50) of $73.271 and a 200-day simple moving average (SMA200) of $61.2282.
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The stock witnessed a 13.04% loss in the last 1 month and extending the period to 3 months gives it a 25.29%, and is 15.16% 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 4.94% over the week and 4.44% over the month.
Coherent Corp (COHR) has around 26000 employees, a market worth around $13.76B and $4.71B in sales. Fwd P/E is 20.97. Profit margin for the company is -5.94%. Distance from 52-week low is 213.52% and 0.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.37%).
with sales reaching $1.31B over the same period.The EPS is expected to grow by 73.63% this year, but quarterly earnings will post 15.80% year-over-year. Quarterly sales are estimated to grow 24.70% in year-over-year returns.
Coherent Corp (COHR) Top Institutional Holders
663.0 institutions hold shares in Coherent Corp (COHR), with institutional investors hold 91.38% of the company’s shares. The shares outstanding are 152.78M, and float is at 151.27M with Short Float at 3.47%. Institutions hold 89.85% 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 sale by Basso Ronald, the company’s Chief Legal & Compliance Off. SEC filings show that Basso Ronald sold 4,741 shares of the company’s common stock on Sep 13 ’24 at a price of $77.92 per share for a total of $0.37 million. Following the sale, the insider now owns 39434.0 shares.
Coherent Corp disclosed in a document filed with the SEC on Sep 13 ’24 that CORASANTI JOSEPH J (Director) sold a total of 8,970 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $77.39 per share for $0.69 million. Following the transaction, the insider now directly holds 92642.0 shares of the COHR stock.
Still, SEC filings show that on Sep 13 ’24, JOSEPH J CORASANTI (Director) Proposed Sale 8,970 shares at an average price of $77.39 for $0.69 million. The insider now directly holds shares of Coherent Corp (COHR).
