In last trading session, Coherus Biosciences Inc (NASDAQ:CHRS) saw 9.45 million shares changing hands with its beta currently measuring 0.68. Company’s recent per share price level of $0.82 trading at $0.1 or 13.29% at ring of the bell on the day assigns it a market valuation of $94.47M. That closing price of CHRS’s stock is at a discount of -351.22% from its 52-week high price of $3.70 and is indicating a premium of 19.51% from its 52-week low price of $0.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.35 million shares which gives us an average trading volume of 2.37 million if we extend that period to 3-months.
For Coherus Biosciences Inc (CHRS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.75. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Coherus Biosciences Inc (NASDAQ:CHRS) trade information
Upright in the green during last session for gaining 13.29%, in the last five days CHRS remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $0.82 price level, adding 14.14% to its value on the day. Coherus Biosciences Inc’s shares saw a change of -75.38% in year-to-date performance and have moved 10.07% in past 5-day. Coherus Biosciences Inc (NASDAQ:CHRS) showed a performance of -18.00% in past 30-days. Number of shares sold short was 29.85 million shares which calculate 9.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 90.89% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -753.66% in reaching the projected high whereas dropping to the targeted low would mean a loss of -753.66% for stock’s current value.
Coherus Biosciences Inc (CHRS) estimates and forecasts
Statistics highlight that Coherus Biosciences Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -61.32% of value to its shares in past 6 months, showing an annual growth rate of 64.14% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.73% during past 5 years.
Coherus Biosciences Inc (NASDAQ:CHRS)’s Major holders
Insiders are in possession of 1.39% of company’s total shares while institution are holding 73.45 percent of that, with stock having share float percentage of 74.48%. Investors also watch the number of corporate investors in a company very closely, which is 73.45% institutions for Coherus Biosciences Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CHRS for having 11.75 million shares of worth $20.33 million. And as of 2024-06-30, it was holding 10.4236 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 10.6 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.4035 of outstanding shares, having a total worth of $18.34 million.
