In the latest trading session, 1.36 million Coherent Corp (NYSE:COHR) shares changed hands as the company’s beta touched 1.64. With the company’s most recent per share price at $56.70 changed hands at -$1.22 or -2.10% at last look, the market valuation stands at $8.61B. COHR’s current price is a discount, trading about -19.82% off its 52-week high of $67.94. The share price had its 52-week low at $26.29, which suggests the last value was 53.63% up since then. When we look at Coherent Corp’s average trading volume, we note the 3-month average coming to 2.09 million.
Coherent Corp (NYSE:COHR) trade information
Instantly COHR was in red as seen in intraday trades today. With action 3.79%, the performance over the past five days has been green. The drop to weekly highs of 61.09 subtracted -2.10% to the stock’s daily price. The company’s shares are showing year-to-date upside of 30.26%, with the 5-day performance at 3.79% in the green. However, in the 30-day time frame, Coherent Corp (NYSE:COHR) is -1.20% down.
Coherent Corp (COHR) estimates and forecasts
Data shows that the Coherent Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 72.61% over the past 6 months, a -50.67% in annual growth rate that is considerably lower than the industry average of 20.30%. Year-over-year growth is forecast to reach -10.40% down from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 1.27B. 14 analysts are of the opinion that Coherent Corp’s revenue for the current quarter will be 1.3B. The company’s revenue for the corresponding quarters a year ago was 1.21B and 1.05B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.60%. The estimates for the next quarter sales put growth at 23.80%. The 2024 estimates are for Coherent Corp earnings to decrease by -50.13%, but the outlook for the next 5-year period is at 11.30% per year.
