Coherent Corp (NYSE:COHR) price on Wednesday, February 05, rose 2.69% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $90.10.
A look at the stock’s price movement, the close in the last trading session was $87.74, moving within a range at $88.03 and $92.76. The beta value (5-Year monthly) was 1.654. Turning to its 52-week performance, $113.60 and $47.66 were the 52-week high and 52-week low respectively. Overall, COHR moved -15.19% over the past month.
Coherent Corp’s market cap currently stands at around $13.94 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.4B for the company’s revenue for the quarter, with a low and high estimate of 1.36B and 1.43B respectively. The average forecast suggests up to a 15.66% 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 17.95% 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% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 -3.67% and -8.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.39, while 7-day volatility ratio is 5.06% and 5.90% in the 30-day chart. Further, Coherent Corp (COHR) has a beta value of 1.67, and an average true range (ATR) of 6.05. Analysts have given the company’s stock an average 52-week price target of $108, forecast between a low of $85 and high of $120. Looking at the price targets, the low is 5.66% off current price level while to achieve the yearly target high, price needs to move -33.19%. Nonetheless, investors will most likely welcome a -19.87% jump to $108 which is the analysts’ median price.
If we refocus on Coherent Corp (NYSE:COHR), historical trading data shows that trading volumes averaged 4.55 over the past 10 days and 2.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 154.52 million shares.
The 1.38% of Coherent Corp’s shares are in the hands of company insiders while institutional holders own 93.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.11 million on 2025-01-15, giving us a short ratio of 2.38. The data shows that as of 2025-01-15 short interest in Coherent Corp (COHR) stood at 482.99997999999994 of shares outstanding, with shares short rising to 5.49 million registered in 2024-12-13. Current price change has pushed the stock -4.89% 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.
