Coherus Biosciences Inc (NASDAQ:CHRS) has a beta value of 0.84 and has seen 3.19 million shares traded in the last trading session. The company, currently valued at $210.22M, closed the last trade at $1.70 per share which meant it gained $0.09 on the day or 5.59% during that session. The CHRS stock price is -117.65% off its 52-week high price of $3.70 and 61.18% above the 52-week low of $0.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.36 million shares traded. The 3-month trading volume is 5.30 million shares.
The consensus among analysts is that Coherus Biosciences Inc (CHRS) is Buy stock at the moment, with a recommendation rating of 1.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.
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Coherus Biosciences Inc (NASDAQ:CHRS) trade information
Over the past 30 days, the shares of Coherus Biosciences Inc (NASDAQ:CHRS) have changed 120.04%. Short interest in the company has seen 30.72 million shares shorted with days to cover at 8.43.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 71.67% from current levels. The projected low price target is $6.0 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -252.94% off the targeted high while a plunge would see the stock gain -252.94% from current levels.
Coherus Biosciences Inc (CHRS) estimates and forecasts
Figures show that Coherus Biosciences Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 3.66% over the past 6 months, with this year growth rate of 64.65%, compared to 16.90% for the industry. Revenue growth from the last financial year stood is estimated to be -0.65%.
6 analysts offering their estimates for the company have set an average revenue estimate of 43.88M for the current quarter. 1 have an estimated revenue figure of 60M for the next ending quarter. Year-ago sales stood 91.52M and 77.06M respectively for this quarter and the next, and analysts expect sales will shrink by -52.06% for the current quarter and -0.65% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.73% over the past 5 years.
CHRS Dividends
Coherus Biosciences Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Coherus Biosciences Inc (NASDAQ:CHRS)’s Major holders
Insiders own 1.39% of the company shares, while shares held by institutions stand at 70.05% with a share float percentage of 71.03%. Investors are also buoyed by the number of investors in a company, with Coherus Biosciences Inc having a total of 174.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 11.75 million shares worth more than $20.33 million. As of 2024-06-30, BLACKROCK INC. held 10.4236% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.6 million shares as of 2024-06-30. The firm’s total holdings are worth over $18.34 million and represent 9.4035% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.98% shares in the company for having 3.43 shares of worth $5.84 million while later fund manager owns 2.88 shares of worth $4.89 million as of Sep 30, 2024 , which makes it owner of about 2.50% of company’s outstanding stock.
