Coherent Corp. (NYSE:COHR) saw an upside of 1.02% to close Monday at $50.67 after adding $0.51 on the day. The 5-day average trading volume is 2,929,300 shares of the company’s common stock. It has gained $51.61 in the past week and touched a new high 3 times within the past 5 days. An average of 2,431,480 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,609,370.
COHR’s 1-month performance is -1.54% or -$0.79 on its low of $45.08 reached on 08/03/23. The company’s shares have touched a 52-week low of $26.29 and high of $60.46, with the stock’s rally to the 52-week high happening on 06/20/23. YTD, COHR has achieved 44.36% or $15.57 and has reached a new high 18 times. However, the current price is down -16.19% from the 52-week high price.
Insider Transactions
COHR stock investors last saw insider trading activity on Aug 04.MATTERA VINCENT D JR (Chief Executive Officer) most recently sold 5,000 shares at $50.00 per share on Aug 04. This transaction cost the insider $250,000. President, BASHAW WALTER ROBERT II, sold 2,500 shares at a price of $46.99 on Aug 01. Then, on Jul 03, President BASHAW WALTER ROBERT II sold 2,500 shares at a price of $50.31 per share. This transaction amounted to $125,775.
Valuation Metrics
COHR stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.37 while the price-to-book (PB) in the most recent quarter is 1.47, with the price to cash flow ratio at 65.61.
Coherent Corp.’s quick ratio for the period ended March 30 was 1.80, with the current ratio over the same period at 3.10. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.91, while the total debt to equity was 0.92. In terms of profitability, the gross margin trailing 12 months is 33.10%. The trailing 12-month EBITDA margin is 21.14% while for the period ending March 30, Coherent Corp.’s operating margin was 3.80%. The firm’s gross profit as reported stood at $1.27 billion against revenue of $3.32 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 190.28% to -$33.53 million, while revenue of -$80.96 million was -141.46% off the previous quarter. Analysts expected COHR to announce $0.82 per share in earnings in its latest quarter, but it posted $0.58, representing a -29.30% surprise. EBITDA for the quarter stood at more than $233.74 million. COHR stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 8.88 billion, with total debt at $4.61 billion. Shareholders hold equity totaling $139.38 million.
Let’s look briefly at Coherent Corp. (COHR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 64.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.15%.
The stock’s 5-day moving average is $48.18, reflecting a +6.99% or $3.31 change from its current price. COHR is currently trading -2.18% above its 20-day SMA, +38.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +64.73% and SMA200 by+58.89%.
Stochastic %K and %D was 65.60% and 42.68% and the average true range (ATR) pointed at 2.27. The RSI (14) points at 59.70%, while the 14-day stochastic is at 85.60% with the period’s ATR at 2.37. The stock’s 9-day MACD Oscillator is pointing at 1.61 and 1.80 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Coherent Corp. (NYSE: COHR), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for COHR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate COHR as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.
What is COHR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $40.00 and a high of $85.00, with their median price target at $51.00. Looking at these predictions, the average price target given by analysts is for Coherent Corp. (COHR) stock is $51.81.
