Coherent Corp (NYSE: COHR) is 128.81% higher on its value in year-to-date trading and has touched a low of $40.12 and a high of $113.60 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 $99.78 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $99.60, the stock is -3.29% and -1.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -0.18% at the moment leaves the stock 29.23% off its SMA200. COHR registered 119.24% gain for a year compared to 6-month gain of 39.79%. The firm has a 50-day simple moving average (SMA 50) of $100.9844 and a 200-day simple moving average (SMA200) of $76.888.
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The stock witnessed a -0.20% loss in the last 1 month and extending the period to 3 months gives it a 7.77%, and is 2.33% 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 3.77% over the week and 4.57% over the month.
Coherent Corp (COHR) has around 26000 employees, a market worth around $15.40B and $5.00B in sales. Fwd P/E is 22.67. Profit margin for the company is -3.75%. Distance from 52-week low is 148.26% and -12.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.57%).
The EPS is expected to grow by 80.90% this year
695.0 institutions hold shares in Coherent Corp (COHR), with institutional investors hold 95.84% of the company’s shares. The shares outstanding are 154.52M, and float is at 152.52M with Short Float at 3.60%. Institutions hold 94.70% 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 Koeppen Christopher, the company’s Chief Innovation Officer. SEC filings show that Koeppen Christopher sold 2,916 shares of the company’s common stock on Dec 16 ’24 at a price of $108.84 per share for a total of $0.32 million. Following the sale, the insider now owns 55338.0 shares.
Coherent Corp disclosed in a document filed with the SEC on Nov 22 ’24 that Koeppen Christopher (Chief Innovation Officer) sold a total of 2,248 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $105.00 per share for $0.24 million. Following the transaction, the insider now directly holds 58254.0 shares of the COHR stock.
Still, SEC filings show that on Dec 16 ’24, CHRISTOPHER KOEPPEN (Officer) Proposed Sale 2,916 shares at an average price of $108.84 for $0.32 million. The insider now directly holds shares of Coherent Corp (COHR).
