Coherent Corp (NYSE:COHR) price on Friday, November 15, fall -4.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $95.11.
A look at the stock’s price movement, the close in the last trading session was $100.01, moving within a range at $91.9009 and $99.0. The beta value (5-Year monthly) was 1.654. Turning to its 52-week performance, $111.66 and $34.95 were the 52-week high and 52-week low respectively. Overall, COHR moved -6.82% over the past month.
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Coherent Corp’s market cap currently stands at around $14.71 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03.
Analysts have a consensus estimate of 1.37B for the company’s revenue for the quarter, with a low and high estimate of 1.31B and 1.39B respectively. The average forecast suggests up to a 20.86% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.55B, representing a 17.87% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that COHR is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
19 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 15 recommend COHR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
COHR’s current price about -3.55% and 2.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.94, while 7-day volatility ratio is 5.64% and 4.53% in the 30-day chart. Further, Coherent Corp (COHR) has a beta value of 1.68, and an average true range (ATR) of 4.98. Analysts have given the company’s stock an average 52-week price target of $86, forecast between a low of $45 and high of $120. Looking at the price targets, the low is 52.69% off current price level while to achieve the yearly target high, price needs to move -26.17%. Nonetheless, investors will most likely welcome a 9.58% jump to $86 which is the analysts’ median price.
If we refocus on Coherent Corp (NYSE:COHR), historical trading data shows that trading volumes averaged 3.13 over the past 10 days and 2.66 million over the past 3 months. The company’s latest data on shares outstanding shows there are 152.78 million shares.
The 1.39% of Coherent Corp’s shares are in the hands of company insiders while institutional holders own 93.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.46 million on 2024-10-31, giving us a short ratio of 2.44. The data shows that as of 2024-10-31 short interest in Coherent Corp (COHR) stood at 432.0 of shares outstanding, with shares short falling to 6.74 million registered in 2024-09-30. Current price change has pushed the stock 118.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the COHR stock continues to rise going into the next quarter.
