Coherent Corp [NYSE: COHR] gained 10.08% on the last trading session, reaching $109.45 price per share at the time.
If compared to the average trading volume of 2.58M shares, COHR reached a trading volume of 6338745 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Coherent Corp [COHR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COHR shares is $107.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COHR stock is a recommendation set at 1.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Rosenblatt have made an estimate for Coherent Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 22, 2024. The new note on the price target was released on October 18, 2024, representing the official price target for Coherent Corp stock. Previously, the target price had yet another raise from $84 to $120, while Needham kept a Buy rating on COHR stock.
The Average True Range (ATR) for Coherent Corp is set at 4.47, with the Price to Sales ratio for COHR stock in the period of the last 12 months amounting to 3.59. The Price to Book ratio for the last quarter was 3.21, with the Price to Cash per share for the same quarter was set at 7.12. Price to Free Cash Flow for COHR in the course of the last twelve months was 84.96 with Quick ratio for the last quarter at 1.77.
Trading performance analysis for COHR stock
Coherent Corp [COHR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.40. With this latest performance, COHR shares gained by 10.90% in over the last four-week period, additionally plugging by 100.75% over the last 6 months – not to mention a rise of 233.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COHR stock in for the last two-week period is set at 70.54, with the RSI for the last a single of trading hit 75.01, and the three-weeks RSI is set at 68.07 for Coherent Corp [COHR]. The present Moving Average for the last 50 days of trading for this stock 89.75, while it was recorded at 97.13 for the last single week of trading, and 69.70 for the last 200 days.
Coherent Corp [COHR]: A deeper dive into fundamental analysis
Coherent Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.77 and a Current Ratio set at 2.72.
Coherent Corp [COHR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COHR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coherent Corp go to 44.03%.
An analysis of Institutional ownership at Coherent Corp [COHR]
There are presently around $88.83%, or 89.94%% of COHR stock, in the hands of institutional investors. The top three institutional holders of COHR stocks are: VANGUARD GROUP INC with ownership of 15.41 million shares, which is approximately 10.0679%. DODGE & COX, holding 14.01 million shares of the stock with an approximate value of $$1.02 billion in COHR stocks shares; and DODGE & COX, currently with $$890.76 million in COHR stock with ownership which is approximately 8.0329%.
