In today’s recent session, 0.53 million shares of the Coherent Corp (NYSE:COHR) have been traded, and its beta is 1.65. Most recently the company’s share price was $79.54, and it changed around $0.11 or 0.14% from the last close, which brings the market valuation of the company to $12.19B. COHR at last check was trading at a discount to its 52-week high of $80.93, offering almost -1.75% off that amount. The share price’s 52-week low was $28.47, which indicates that the recent value has risen by an impressive 64.21% since then. We note from Coherent Corp’s average daily trading volume that its 10-day average is 3.46 million shares, with the 3-month average coming to 2.44 million.
Coherent Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.65. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended COHR as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Coherent Corp is expected to report earnings per share of 0.61 for the current quarter.
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Coherent Corp (NYSE:COHR) trade information
Instantly COHR has been showing a green trend so far today with a performance of 0.14% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 80.80 on recent trading dayincreased the stock’s daily price by 1.56%. The company’s shares are currently up 82.73% year-to-date, but still up 1.26% over the last five days. On the other hand, Coherent Corp (NYSE:COHR) is 14.93% up in the 30-day period. We can see from the shorts that 4.32 million shares have been sold at a short interest cover period of 2.32 day(s).
The consensus price target as assigned by Wall Street analysts is $77, which translates to bulls needing to decrease their stock price by -3.3% from its current value. Analyst projections state that COHR is forecast to be at a low of $45 and a high of $94.
Coherent Corp (COHR) estimates and forecasts
Coherent Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 37.09 percent over the past six months and at a 71.26% annual growth rate that is well above the industry average of 16.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 281.20% in revenue this quarter, and will report an increase of 88.90% in the next quarter. The year-over-year growth rate is expected to be 15.80%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 1.31B in revenue for the current quarter. 16 analysts expect Coherent Corp to make 1.34B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 24.70%.
Coherent Corp earnings are expected to increase by 73.64% in 2024, but the outlook is positive 11.60% per year for the next five years.
COHR Dividends
Coherent Corp’s next quarterly earnings report is expected to be released on 2024-Nov-04.
Coherent Corp (NYSE:COHR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.65% of Coherent Corp shares, and 91.88% of them are in the hands of institutional investors. The stock currently has a share float of 93.42%. Coherent Corp stock is held by 656.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.0679% of the shares, which is about 15.41 million shares worth $1.12 billion.
DODGE & COX, with 9.1572% or 14.01 million shares worth $1.02 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 31, 2024. The former held 8.86 shares worth $701.19 million, making up 5.78% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.75 shares worth around $375.83 million, which represents about 3.10% of the total shares outstanding.
