Coherus Biosciences Inc (NASDAQ: CHRS) is 5.80% higher on its value in year-to-date trading and has touched a low of $0.66 and a high of $2.97 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 CHRS stock was last observed hovering at around $1.44 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $1.46, the stock is -3.76% and 12.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 1.39% at the moment leaves the stock -2.65% off its SMA200. CHRS registered -43.19% loss for a year compared to 6-month loss of -18.89%. The firm has a 50-day simple moving average (SMA 50) of $1.2788 and a 200-day simple moving average (SMA200) of $1.50437.
The stock witnessed a -2.67% gain in the last 1 month and extending the period to 3 months gives it a 55.47%, and is -7.01% 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 7.53% over the week and 9.67% over the month.
Coherus Biosciences Inc (CHRS) has around 306 employees, a market worth around $168.21M and $304.34M in sales. Profit margin for the company is -0.15%. Distance from 52-week low is 121.11% and -50.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.22%).
The EPS is expected to grow by 113.96% this year
173.0 institutions hold shares in Coherus Biosciences Inc (CHRS), with institutional investors hold 71.35% of the company’s shares. The shares outstanding are 115.21M, and float is at 110.59M with Short Float at 27.77%. Institutions hold 70.36% 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.
