In the last trading session, 4.46 million shares of the Coherent Corp (NYSE:COHR) were traded, and its beta was 1.66. Most recently the company’s share price was $93.66, and it changed around -$2.23 or -2.33% from the last close, which brings the market valuation of the company to $14.51B. COHR currently trades at a discount to its 52-week high of $113.60, offering almost -21.29% off that amount. The share price’s 52-week low was $48.78, which indicates that the current value has risen by an impressive 47.92% since then. We note from Coherent Corp’s average daily trading volume that its 10-day average is 5.91 million shares, with the 3-month average coming to 3.06 million.
Coherent Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.77. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 5 recommended COHR as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.
Coherent Corp (NYSE:COHR) trade information
Instantly COHR has showed a red trend with a performance of -2.33% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 107.37 on recent trading dayincreased the stock’s daily price by 12.77%. The company’s shares are currently down -1.13% year-to-date, but still up 7.04% over the last five days. We can see from the shorts that 6.11 million shares have been sold at a short interest cover period of 2.38 day(s).
The consensus price target as assigned by Wall Street analysts is $108, which translates to bulls needing to increase their stock price by 13.28% from its current value. Analyst projections state that COHR is forecast to be at a low of $85 and a high of $120.
Coherent Corp earnings are expected to increase by 104.72% in 2025, but the outlook is positive 44.22% per year for the next five years.
COHR Dividends
Coherent Corp’s next quarterly earnings report is expected to be released in March.
Coherent Corp (NYSE:COHR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.18% of Coherent Corp shares, and 94.62% of them are in the hands of institutional investors. The stock currently has a share float of 95.76%. Coherent Corp stock is held by 727.0 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.
