[breadcrumb_custom]

Could Coherus Biosciences Inc (NASDAQ: CHRS) Be The Biggest Winner?

In the last trading session, 4.12 million Coherus Biosciences Inc (NASDAQ:CHRS) shares changed hands as the company’s beta touched 0.56. With the company’s per share price at $2.62 changed hands at $0.24 or 10.08% during last session, the market valuation stood at $291.76M. CHRS’s last price was a discount, traded about -230.15% off its 52-week high of $8.65. The share price had its 52-week low at $1.43, which suggests the last value was 45.42% up since then. When we look at Coherus Biosciences Inc’s average trading volume, we note the 10-day average is 4.22 million shares, with the 3-month average coming to 0.61.

Coherus Biosciences Inc (NASDAQ:CHRS) trade information

Instantly CHRS was in green as seen at the end of in last trading. With action 27.18%, the performance over the past five days has been green. The jump to weekly highs of 2.66 added 10.08% to the stock’s daily price. The company’s shares are showing year-to-date downside of -21.32%, with the 5-day performance at 27.18% in the green. However, in the 30-day time frame, Coherus Biosciences Inc (NASDAQ:CHRS) is -8.39% down. Looking at the short shares, we see there were 28.13 million shares sold at short interest cover period of 4.06 days.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

Coherus Biosciences Inc (CHRS) estimates and forecasts

Data shows that the Coherus Biosciences Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.84% over the past 6 months, a 51.32% in annual growth rate that is considerably higher than the industry average of 15.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Coherus Biosciences Inc will rise 76.70%, while the growth in revenue is estimated to hit 69.30% for the next quarter. Year-over-year growth is forecast to reach 24.20% up from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $96.2 million. 5 analysts are of the opinion that Coherus Biosciences Inc’s revenue for the quarter ending Mar 2024 will be $91.98 million. The company’s revenue for the corresponding quarters a year ago was $45.35 million and $47.44 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 112.10%. The estimates for the next quarter sales put growth at 93.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.45%. The 2024 estimates are for Coherus Biosciences Inc earnings to increase by 48.44%.

CHRS Dividends

Coherus Biosciences Inc is expected to release its next quarterly earnings report between March 04 and March 08.

Coherus Biosciences Inc (NASDAQ:CHRS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.28% of Coherus Biosciences Inc shares while 82.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.26%. There are 82.20% institutions holding the Coherus Biosciences Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 16.71% of the shares, roughly 15.79 million CHRS shares worth $67.41 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 9.37% or 8.85 million shares worth $37.79 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and JP Morgan Small Cap Growth Fund. With 2.73 million shares estimated at $11.66 million under it, the former controlled 2.89% of total outstanding shares. On the other hand, JP Morgan Small Cap Growth Fund held about 2.58% of the shares, roughly 2.44 million shares worth around $10.41 million.

On Key

Related Posts