Coherus Biosciences Inc (NASDAQ: CHRS) is -76.61% lower on its value in year-to-date trading and has touched a low of $0.66 and a high of $3.70 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 $0.81 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.78, the stock is -1.88% and -21.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -4.44% at the moment leaves the stock -54.58% off its SMA200. CHRS registered -51.32% loss for a year compared to 6-month loss of -62.74%. The firm has a 50-day simple moving average (SMA 50) of $0.99814 and a 200-day simple moving average (SMA200) of $1.72261.
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The stock witnessed a -21.35% gain in the last 1 month and extending the period to 3 months gives it a -45.92%, and is 16.24% 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 13.23% over the week and 8.36% over the month.
Coherus Biosciences Inc (CHRS) has around 306 employees, a market worth around $89.18M and $304.34M in sales. Profit margin for the company is -0.15%. Distance from 52-week low is 17.95% and -78.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.22%).
with sales reaching $50.61M over the same period.The EPS is expected to grow by 113.97% this year, but quarterly earnings will post 1.30% year-over-year. Quarterly sales are estimated to shrink -44.70% in year-over-year returns.
Coherus Biosciences Inc (CHRS) Top Institutional Holders
181.0 institutions hold shares in Coherus Biosciences Inc (CHRS), with institutional investors hold 74.38% of the company’s shares. The shares outstanding are 112.22M, and float is at 110.58M with Short Float at 27.00%. Institutions hold 73.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.75 million shares valued at $20.33 million. The investor’s holdings represent 10.4236% of the CHRS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.6 million shares valued at $18.34 million to account for 9.4035 of the shares outstanding. The other top investors are RUBRIC CAPITAL MANAGEMENT LP which holds 10.4 million shares representing 9.224% and valued at over $17.99 million, while TEMASEK HOLDINGS (PRIVATE) LTD holds 5.1608 of the shares totaling 5.82 million with a market value of $10.07 million.
Coherus Biosciences Inc (CHRS) Insider Activity
The most recent transaction is an insider sale by Lanfear Dennis M, the company’s President & 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.
