In recent trading session, Coherent Corp (NYSE:COHR) saw 0.4 million shares changing hands at last check today with its beta currently measuring 1.65. Company’s recent per share price level of $93.00 trading at $3.32 or 3.70% at last check today assigns it a market valuation of $14.38B. That most recent trading price of COHR’s stock is at a discount of -22.15% from its 52-week high price of $113.60 and is indicating a premium of 49.31% from its 52-week low price of $47.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.07 million shares which gives us an average trading volume of 2.88 million if we extend that period to 3-months.
For Coherent Corp (COHR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.77. Splitting up the data highlights that, out of 19 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.67 in the current quarter.
Coherent Corp (NYSE:COHR) trade information
Upright in the green today for gaining 3.70%, in the last five days COHR remained trading in the red while hitting it’s week-highest on Friday, 01/31/25 when the stock touched $93.00 price level, subtracting -0.65% to its value on the day. Coherent Corp’s shares saw a change of -1.83% in year-to-date performance and have moved -7.31% in past 5-day. Coherent Corp (NYSE:COHR) showed a performance of -1.94% in past 30-days. Number of shares sold short was 6.11 million shares which calculate 2.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 108 to the stock, which implies a rise of 13.89% to its recent value today. Analysts have been projecting 85 as a low price target for the stock while placing it at a high target of 120. It follows that stock’s current price would jump 8.6% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.6% for stock’s current value.
Coherent Corp (COHR) estimates and forecasts
Statistics highlight that Coherent Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 33.47% of value to its shares in past 6 months, showing an annual growth rate of 80.84% while that of industry is 14.10. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 17.95% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.37B for the same. And 16 analysts are in estimates of company making revenue of 1.4B in the next quarter. Company posted 1.13B and 1.21B of sales in current and next quarters respectively a year earlier.
Coherent Corp (NYSE:COHR)’s Major holders
Insiders are in possession of 1.18% of company’s total shares while institution are holding 94.55 percent of that, with stock having share float percentage of 95.68%. Investors also watch the number of corporate investors in a company very closely, which is 94.55% institutions for Coherent Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at COHR for having 15.41 million shares of worth $1.12 billion. And as of 2024-06-30, it was holding 10.0679 of the company’s outstanding shares.
The second largest institutional holder is DODGE & COX, which was holding about 14.01 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.1572 of outstanding shares, having a total worth of $1.02 billion.
On the other hand, Dodge & Cox Stock Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 6.61 shares of worth $623.09 million or 4.28% of the total outstanding shares. The later fund manager was in possession of 4.92 shares on Nov 30, 2024, making its stake of worth around $463.91 million in the company or a holder of 3.18% of company’s stock.
