Coherent Corp. (NYSE:COHR) finished Thursday with a subtraction of -$0.54 to close at $46.67, a downside of -1.14 percent. An average of 3,006,180 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,363,090 shares traded, while the 50-day average volume stands at 3,438,770.
COHR stock has decreased by -6.59% in the last month. The company shares reached their 1-month lowest point of $45.08 on 08/03/23. With the stock rallying to its 52-week high on 06/20/23, shares of the company touched a low of $26.29 and a high of $60.46 in 52 weeks. It has reached a new high 18 times so far this year and achieved 32.96% or $11.57 in price. In spite of this, the price is down -22.81% from the 52-week high.
Insider Transactions
COHR stock investors should be aware that Coherent Corp. (COHR) stock had its last reported insider trading activity 7 days ago on Aug 04. In this transaction, the insider spent $250,000. President, BASHAW WALTER ROBERT II, disposed of 2,500 shares at a price of $46.99 on Aug 01. The insider now owns more than $117,468 worth of shares. Prior to that, President BASHAW WALTER ROBERT II went on to Sale 2,500 shares at $50.31 each on Jul 03. An amount of $125,775 was transacted.
Valuation Metrics
Coherent Corp. (COHR) stock’s beta is 1.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.26, the price-to-book (PB) ratio at 1.35, and the price-to-cash flow ratio at 60.43.
Financial Health
The quick ratio of Coherent Corp. for the three months ended March 30 was 1.80, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.91 and a total debt to equity ratio of 0.92 for the quarter ending March 30. Coherent Corp.’s EBITDA margin for the year ending March 30 is 21.14%, while its operating margin for the same period stands at 3.80%. Its gross profit as reported stood at $1.27 billion compared to revenue of $3.32 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Coherent Corp.’s return on assets was -1.30%.
Earnings Surprise
For the three-month period that ended March 30, Coherent Corp. had $4.35 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$33.53 million in the quarter, while revenues were grew 190.28%. The analyst consensus anticipated Coherent Corp.’s latest quarter earnings to come in at $0.82 per share, but it turned out to be $0.58, a -29.30% surprise. For the quarter, EBITDA amounted to $233.74 million. Shareholders own equity worth $139.38 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Coherent Corp. (COHR) price momentum. RSI 9-day as of the close on 10 August was 42.83%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.06%.
As of today, COHR’s price is $48.92 -0.74% or -$0.35 from its 5-day moving average. COHR is currently trading -10.82% lower than its 20-day SMA and +35.39% higher than its 100-day SMA. However, the stock’s current price level is +21.25% above the SMA50 and +44.85% above the SMA200.
The stochastic %K and %D were 43.64% and 62.77%, respectively, and the average true range (ATR) was 2.32. With the 14-day stochastic at 24.35% and the average true range at 2.38, the RSI (14) stands at 46.80%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.35.
Analyst Ratings
BofA Securities downgraded Coherent Corp. (NYSE: COHR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Coherent Corp. (COHR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COHR, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 9 others rate it as a “buy”.
What is COHR’s price target for the next 12 months?
Analysts predict a range of price targets between $40.00 and $85.00, with a median target of $51.00. Taking a look at these predictions, the average price target given by analysts for Coherent Corp. (COHR) stock is $51.81.
