Coherent Corp (NYSE:COHR) has a beta value of 1.88 and has seen 3.53 million shares traded in the last trading session. The company, currently valued at $9.87B, closed the last trade at $63.70 per share which meant it lost -$1.24 on the day or -1.91% during that session. The COHR stock price is -78.34% off its 52-week high price of $113.60 and 23.42% above the 52-week low of $48.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.39 million shares traded. The 3-month trading volume is 4.00 million shares.
The consensus among analysts is that Coherent Corp (COHR) is Buy stock at the moment, with a recommendation rating of 1.64. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 19 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight.
Coherent Corp (NYSE:COHR) trade information
Sporting -1.91% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the COHR stock price touched $63.70 or saw a rise of 16.73%. Year-to-date, Coherent Corp shares have moved -32.76%, while the 5-day performance has seen it change -15.79%. Over the past 30 days, the shares of Coherent Corp (NYSE:COHR) have changed -6.69%. Short interest in the company has seen 6.1 million shares shorted with days to cover at 1.47.
Wall Street analysts have a consensus price target for the stock at $106.5, which means that the shares’ value could jump 40.19% from current levels. The projected low price target is $86.0 while the price target rests at a high of $120.0. In that case, then, we find that the current price level is -88.38% off the targeted high while a plunge would see the stock gain -35.01% from current levels.
Coherent Corp (COHR) estimates and forecasts
The company’s shares have lost -29.09% over the past 6 months.
Earnings growth for 2025 is a modest 106.01% while over the next 5 years, the company’s earnings are expected to increase by 45.04%.
COHR Dividends
Coherent Corp is expected to release its next earnings report on 2025-Feb-04 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Coherent Corp (NYSE:COHR)’s Major holders
Insiders own 1.16% of the company shares, while shares held by institutions stand at 95.39% with a share float percentage of 96.51%. Investors are also buoyed by the number of investors in a company, with Coherent Corp having a total of 809.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 15.41 million shares worth more than $1.12 billion. As of 2024-06-30, VANGUARD GROUP INC held 10.0679% of shares outstanding.
The other major institutional holder is DODGE & COX, with the holding of over 14.01 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.02 billion and represent 9.1832% of shares outstanding.
