At the time of writing, Coherus Biosciences Inc [CHRS] stock is trading at $1.66, up 3.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHRS shares have gain 24.81% over the last week, with a monthly amount drifted -4.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Coherus Biosciences Inc [NASDAQ: CHRS] stock has seen the most recent analyst activity on November 17, 2023, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $11. Previously, Maxim Group downgraded its rating to Hold on November 08, 2023. On July 24, 2023, Citigroup initiated with a Buy rating and assigned a price target of $12 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $24 on May 01, 2023. UBS upgraded its rating to a Buy but $11 remained the price target by the analyst firm on March 28, 2023. UBS started tracking with a Neutral rating for this stock on June 14, 2022, and assigned it a price target of $7. In a note dated March 07, 2022, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $15.
For the past year, the stock price of Coherus Biosciences Inc fluctuated between $1.25 and $5.47. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Coherus Biosciences Inc [NASDAQ: CHRS] shares were valued at $1.66 at the most recent close of the market. An investor can expect a potential return of 442.17% based on the average CHRS price forecast.
Analyzing the CHRS fundamentals
According to Coherus Biosciences Inc [NASDAQ:CHRS], the company’s sales were 301.87M for trailing twelve months, which represents an 137.58% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -0.57%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 0.41 and Total Capital is -0.76. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-5.82.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.5833 points at the first support level, and at 1.5067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7333, and for the 2nd resistance point, it is at 1.8067.
Ratios To Look Out For
It is important to note that Coherus Biosciences Inc [NASDAQ:CHRS] has a current ratio of 1.17. Also, the Quick Ratio is 1.05, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 0.63.
Transactions by insiders
Recent insider trading involved Lanfear Dennis M, President & CEO, that happened on Nov 22 ’23 when 0.22 million shares were sold.
