In the last trading session, 2.07 million Coherus Biosciences Inc (NASDAQ:CHRS) shares changed hands as the company’s beta touched 0.97. With the company’s per share price at $0.92 changed hands at $0.03 or 3.31% during last session, the market valuation stood at $106.63M. CHRS’s last price was a discount, traded about -186.96% off its 52-week high of $2.64. The share price had its 52-week low at $0.66, which suggests the last value was 28.26% up since then. When we look at Coherus Biosciences Inc’s average trading volume, we note the 10-day average is 2.25 million shares, with the 3-month average coming to 2.07 million.
Analysts gave the Coherus Biosciences Inc (CHRS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CHRS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Coherus Biosciences Inc’s EPS for the current quarter is expected to be -0.15.
Coherus Biosciences Inc (NASDAQ:CHRS) trade information
Instantly CHRS was in green as seen at the end of in last trading. With action -11.53%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -33.33%, with the 5-day performance at -11.53% in the red. However, in the 30-day time frame, Coherus Biosciences Inc (NASDAQ:CHRS) is -17.85% down. Looking at the short shares, we see there were 30.77 million shares sold at short interest cover period of 18.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 84.67% from its current market value. According to analyst projections, CHRS’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -552.17% plunge from its current level, while the stock would need to soar -552.17% for it to hit the projected low.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 53.68M. The company’s revenue for the corresponding quarters a year ago was 77.06M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -30.34%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -27.36%. The 2025 estimates are for Coherus Biosciences Inc earnings to increase by 300.00%.
CHRS Dividends
Coherus Biosciences Inc is expected to release its next quarterly earnings report on 2025-Mar-09.
Coherus Biosciences Inc (NASDAQ:CHRS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.35% of Coherus Biosciences Inc shares while 57.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.35%. There are 57.56% institutions holding the Coherus Biosciences Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 10.4236% of the shares, roughly 11.75 million CHRS shares worth $20.33 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.4035% or 10.6 million shares worth $18.34 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 3.43 shares estimated at $3.16 million under it, the former controlled 2.96% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.58% of the shares, roughly 2.99 shares worth around $2.75 million.
