As of Wednesday close, Coherent Corp.’s (NYSE:COHR) stock was down -$0.59, moving down -1.92 percent to $30.15. The average number of shares traded per day over the past five days has been 3,023,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.57 fall in that time frame. In the last twenty days, the average volume was 2,453,270, while in the previous 50 days, it was 3,332,022.
Since last month, COHR stock retreated -15.52%. Shares of the company fell to $30.11 on 09/20/23, the lowest level in the past month. A 52-week high of $60.46 was reached on 06/20/23 after having rallying from a 52-week low of $26.29. Since the beginning of this year, COHR’s stock price has dropped by -14.10% or -$4.95, and marked a new high 18 times. However, the stock has declined by -50.13% since its 52-week high.
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COHR stock investors should be aware that Coherent Corp. (COHR) stock had its last reported insider trading activity 7 days ago on Sep 14. Koeppen Christopher, the Chief Innovation Officer of the company, disposed of 4,863 shares for $33.36 on Sep 14. It resulted in a $162,232 divestment by the insider. RAYMOND MARY JANE sold 1,000 shares at an average price of $38.12 on Sep 01. The insider now owns 149,112 shares following the transaction. On Aug 18, CFO & Treasurer RAYMOND MARY JANE sold 2,000 shares at $34.00 apiece. The transaction was valued at $68,000.
Valuation Metrics
The stock’s beta is 1.61. Besides these, the trailing price-to-sales (P/S) ratio of 0.92, the price-to-book (PB) ratio of 0.92, and the price-to-cash flow ratio of 23.86 may also be considered.
Financial Health
In the three months ended June 29, Coherent Corp.’s quick ratio stood at 1.80, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.93, and the total debt-to-equity ratio was 0.95. On the profitability front, the trailing twelve-month gross margin is 31.40% percent. In the year ended June 29, operating margins totaled -1.30%. Based on annual data, COHR earned $1.62 billion in gross profit and brought in $5.16 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.30%. Return on equity (ROE) for the past 12 months was -8.70%.
In Coherent Corp.’s quarter-end financial report for June 29, it reported total debt of $4.23 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. COHR’s revenue rose 68.09% to $1.24 billion during the quarter, while net income inched up to $1.21 billion. While analysts expected Coherent Corp. to report $0.38 quarterly earnings, the actual figure was $0.41 per share, beating the consensus estimate by 7.90%. During the quarter, the company generated $54.48 million in EBITDA. The liabilities of Coherent Corp. were 8.72 billion at the end of its most recent quarter ended June 29, and its total debt was $4.51 billion. The value of shareholders’ equity is $150.4 million.
Technical Picture
This quick technical analysis looks at Coherent Corp.’s (COHR) price momentum. With a historical volatility rate of 29.15%, the RSI 9-day stood at 23.16% on 20 September.
With respect to its five-day moving average, the current Coherent Corp. price is down by -7.85% percent or -$2.57. At present, COHR shares trade -17.42% below its 20-day simple moving average and -9.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -40.72% below its SMA50 and -19.06% below its SMA200.
Stochastic coefficient K was 2.47% and Stochastic coefficient D was 5.96%, while ATR was 1.46. Given the Stochastic reading of 0.49% for the 14-day period, the RSI (14) reading has been calculated as 28.54%. As of today, the MACD Oscillator reading stands at -1.32, while the 14-day reading stands at -2.60.
Analyst Ratings
Rosenblatt upgraded its rating on Coherent Corp. (NYSE: COHR) to a Buy in a note to investors on August 17, 2023. The analysts firm previously had a Neutral rating on the stock.Coherent Corp. (COHR) has been rated Overweight by analysts. According to 0 brokerage firms, COHR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Coherent Corp. stock as buy, with 11 recommending it as overweight.
With a median target price of $39.50, the current consensus forecast for the stock is $35.00 – $63.00. Based on these forecasts, analysts predict Coherent Corp. (COHR) will achieve an average price target of $41.63.
