Coherent Corp (NYSE: COHR) is -1.83% lower on its value in year-to-date trading and has touched a low of $42.30 and a high of $113.60 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 COHR stock was last observed hovering at around $92.05 in the last trading session, with the day’s gains setting it 0.95%.
Currently trading at $93.00, the stock is -5.47% and -7.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing 1.03% at the moment leaves the stock 17.66% off its SMA200. COHR registered 118.82% gain for a year compared to 6-month gain of 17.07%. The firm has a 50-day simple moving average (SMA 50) of $100.6758 and a 200-day simple moving average (SMA200) of $78.8775.
The stock witnessed a -10.44% loss in the last 1 month and extending the period to 3 months gives it a -11.11%, and is -7.88% 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 5.15% over the week and 4.94% over the month.
Coherent Corp (COHR) has around 26000 employees, a market worth around $14.38B and $5.00B in sales. Fwd P/E is 21.17. Profit margin for the company is -3.75%. Distance from 52-week low is 119.86% and -18.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.57%).
with sales reaching $1.37B over the same period.The EPS is expected to grow by 80.89% this year, but quarterly earnings will post 17.86% year-over-year. Quarterly sales are estimated to grow 20.94% in year-over-year returns.
Coherent Corp (COHR) Top Institutional Holders
707.0 institutions hold shares in Coherent Corp (COHR), with institutional investors hold 96.11% of the company’s shares. The shares outstanding are 154.52M, and float is at 152.52M with Short Float at 3.46%. Institutions hold 94.97% 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).
