In the latest trading session, 0.78 million Coherent Corp (NYSE:COHR) shares changed hands as the company’s beta touched 1.91. With the company’s most recent per share price at $56.25 changing hands around $3.42 or 6.47% at last look, the market valuation stands at $8.72B. COHR’s current price is a discount, trading about -101.96% off its 52-week high of $113.60. The share price had its 52-week low at $45.58, which suggests the last value was 18.97% up since then. When we look at Coherent Corp’s average trading volume, we note the 10-day average is 5.23 million shares, with the 3-month average coming to 4.32 million.
Analysts gave the Coherent Corp (COHR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.45. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended COHR as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight.
Coherent Corp (NYSE:COHR) trade information
Instantly COHR is in green as seen in intraday trades today. With action -11.70%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.62%, with the 5-day performance at -11.70% in the red. However, in the 30-day time frame, Coherent Corp (NYSE:COHR) is -10.44% down. Looking at the short shares, we see there were 6.1 million shares sold at short interest cover period of 1.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 105, meaning bulls need an upside of 46.43% from its recent market value. According to analyst projections, COHR’s forecast low is 86 with 120 as the target high. To hit the forecast high, the stock’s price needs a -113.33% plunge from its current level, while the stock would need to soar -52.89% for it to hit the projected low.
Coherent Corp (NYSE:COHR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.16% of Coherent Corp shares while 95.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 96.61%. There are 95.49% institutions holding the Coherent Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.0679% of the shares, roughly 15.41 million COHR shares worth $1.12 billion.
DODGE & COX holds the second largest percentage of outstanding shares, with 9.1832% or 14.01 million shares worth $1.02 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Dodge & Cox Funds-Dodge & Cox Stock Fund and iShares Trust-iShares Core S&P Mid-Cap ETF. With 6.61 shares estimated at $370.33 million under it, the former controlled 4.26% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 3.25% of the shares, roughly 5.03 shares worth around $281.86 million.
