In today’s recent session, 0.51 million shares of the Coherent Corp (NYSE:COHR) have been traded, and its beta is 1.84. Most recently the company’s share price was $74.16, and it changed around -$2.55 or -3.32% from the last close, which brings the market valuation of the company to $11.49B. COHR at last check was trading at a discount to its 52-week high of $113.60, offering almost -53.18% off that amount. The share price’s 52-week low was $48.78, which indicates that the recent value has risen by an impressive 34.22% since then. We note from Coherent Corp’s average daily trading volume that its 10-day average is 4.24 million shares, with the 3-month average coming to 3.90 million.
Coherent Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.64. 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 is expected to report earnings per share of 0.86 for the current quarter.
Coherent Corp (NYSE:COHR) trade information
Instantly COHR has been showing red trend so far today with a performance of -3.32% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 77.08 on recent trading dayincreased the stock’s daily price by 3.79%. The company’s shares are currently down -21.71% year-to-date, but still up 13.44% over the last five days. On the other hand, Coherent Corp (NYSE:COHR) is -7.55% down in the 30-day period. We can see from the shorts that 5.17 million shares have been sold at a short interest cover period of 1.25 day(s).
The consensus price target as assigned by Wall Street analysts is $114, which translates to bulls needing to increase their stock price by 34.95% from its current value. Analyst projections state that COHR is forecast to be at a low of $86 and a high of $120.
Coherent Corp (COHR) estimates and forecasts
The year-over-year growth rate is expected to be 20.66%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 1.44B in revenue for the current quarter. 16 analysts expect Coherent Corp to make 1.47B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.21B and 1.31B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.81%. Forecasts for the next quarter put sales growth at 11.70%.
Coherent Corp earnings are expected to increase by 106.01% in 2025, but the outlook is positive 45.04% per year for the next five years.
Coherent Corp (NYSE:COHR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.16% of Coherent Corp shares, and 94.89% of them are in the hands of institutional investors. The stock currently has a share float of 96.00%. Coherent Corp stock is held by 810.0 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 9.1832% or 14.01 million shares worth $1.02 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and iShares Core S&P Mid-Cap ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 6.61 shares worth $491.97 million, making up 4.26% of all outstanding shares. On the other hand, iShares Core S&P Mid-Cap ETF held roughly 5.03 shares worth around $374.44 million, which represents about 3.25% of the total shares outstanding.
