Coherus Biosciences Inc (NASDAQ: CHRS) is -25.36% lower on its value in year-to-date trading and has touched a low of $0.66 and a high of $2.43 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 $1.00 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.03, the stock is 8.43% and 5.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 3.04% at the moment leaves the stock -12.44% off its SMA200. CHRS registered -49.51% loss for a year compared to 6-month gain of 31.38%. The firm has a 50-day simple moving average (SMA 50) of $0.97392 and a 200-day simple moving average (SMA200) of $1.1764.
The stock witnessed a 27.63% loss in the last 1 month and extending the period to 3 months gives it a -15.57%, and is -7.21% 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 8.16% over the week and 10.69% over the month.
Coherus Biosciences Inc (CHRS) has around 228 employees, a market worth around $119.37M and $266.96M in sales. Current P/E ratio is 5.91. Profit margin for the company is 10.68%. Distance from 52-week low is 55.99% and -57.61% from its 52-week high. The company has generated returns on investments over the last 12 months (17.40%).
The EPS is expected to shrink by -77.54% this year
163.0 institutions hold shares in Coherus Biosciences Inc (CHRS), with institutional investors hold 61.55% of the company’s shares. The shares outstanding are 115.61M, and float is at 111.29M with Short Float at 29.68%. Institutions hold 57.53% 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 10.2356 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 9.2339 of the shares outstanding. The other top investors are RUBRIC CAPITAL MANAGEMENT LP which holds 10.4 million shares representing 9.0577 and valued at over $17.99 million, while TEMASEK HOLDINGS (PRIVATE) LTD holds 5.0678 of the shares totaling 5.82 million with a market value of $10.07 million.
