Coherent Corp (NYSE:COHR) price on current trading day, rose 6.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $69.77.
A look at the stock’s price movement, the close in the last trading session was $65.38, moving within a range at $66.015 and $71.54. The beta value (5-Year monthly) was 1.695. Turning to its 52-week performance, $113.60 and $48.78 were the 52-week high and 52-week low respectively. Overall, COHR moved -21.32% over the past month.
Coherent Corp’s market cap currently stands at around $10.81 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04.
Analysts have a consensus estimate of 1.44B for the company’s revenue for the quarter, with a low and high estimate of 1.37B and 1.46B respectively. The average forecast suggests up to a 18.81% 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 5.68B, representing a 20.66% 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 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -1.76% and -17.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.41, while 7-day volatility ratio is 6.95% and 7.05% in the 30-day chart. Further, Coherent Corp (COHR) has a beta value of 1.88, and an average true range (ATR) of 5.37. Analysts have given the company’s stock an average 52-week price target of $114, forecast between a low of $86 and high of $120. Looking at the price targets, the low is -23.26% off current price level while to achieve the yearly target high, price needs to move -71.99%. Nonetheless, investors will most likely welcome a -63.39% jump to $114 which is the analysts’ median price.
If we refocus on Coherent Corp (NYSE:COHR), historical trading data shows that trading volumes averaged 4.81 over the past 10 days and 3.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 154.94 million shares.
The 1.39% of Coherent Corp’s shares are in the hands of company insiders while institutional holders own 93.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.17 million on 2025-02-28, giving us a short ratio of 1.25. The data shows that as of 2025-02-28 short interest in Coherent Corp (COHR) stood at 407.99997999999994 of shares outstanding, with shares short falling to 5.43 million registered in 2025-01-31. Current price change has pushed the stock -26.35% 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.
