Coherus Biosciences Inc (NASDAQ:CHRS)’s traded shares stood at 2.36 million during the last session, with the company’s beta value hitting 0.71. At the close of trading, the stock’s price was $0.78, to imply a decrease of -5.44% or -$0.04 in intraday trading. The CHRS share’s 52-week high remains $3.70, putting it -374.36% down since that peak but still an impressive 15.38% since price per share fell to its 52-week low of $0.66. The company has a valuation of $89.72M, with an average of 3.38 million shares in intraday trading volume over the past 10 days and average of 2.52 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Coherus Biosciences Inc (CHRS), translating to a mean rating of 1.75. Of 5 analyst(s) looking at the stock, 0 analyst(s) give CHRS a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.19.
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Coherus Biosciences Inc (NASDAQ:CHRS) trade information
After registering a -5.44% downside in the last session, Coherus Biosciences Inc (CHRS) has traded red over the past five days. The 5-day price performance for the stock is 7.58%, and -14.44% over 30 days. With these gigs, the year-to-date price performance is -76.62%. Short interest in Coherus Biosciences Inc (NASDAQ:CHRS) saw shorts transact 31.51 million shares and set a 11.95 days time to cover.
The extremes give us $7 and $11 for target low and target high price respectively. As such, CHRS has been trading -1310.26% off suggested target high and -797.44% from its likely low.
Coherus Biosciences Inc (CHRS) estimates and forecasts
Looking at statistics comparing Coherus Biosciences Inc share performance against respective industry, we note that the company has outperformed competitors. Coherus Biosciences Inc (CHRS) shares are -64.28% down over the last 6 months, with its year-to-date growth rate higher than industry average at 64.14% against 17.10%. Revenue is forecast to grow 69.40% this quarter before jumping 75.00% for the next one. The rating firms project that company’s revenue will shrink -0.78% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 43.88M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 69.43M.Earnings reports from the last fiscal year show that sales brought in 91.52M and 77.06M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -52.06% before dropping -9.90% in the following quarter.
CHRS Dividends
Coherus Biosciences Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Coherus Biosciences Inc (NASDAQ:CHRS)’s Major holders
Coherus Biosciences Inc insiders hold 1.39% of total outstanding shares, with institutional holders owning 74.31% of the shares at 75.36% float percentage. In total, 74.31% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 11.75 million shares (or 10.4236% of shares), all amounting to roughly $20.33 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 10.6 million shares, or about 9.4035% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $18.34 million.
