At the time of writing, Coherus Biosciences Inc [CHRS] stock is trading at $1.02, down -1.92%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CHRS shares have gain 2.00% over the last week, with a monthly amount drifted -26.62%, 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 August 16, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $1.50 from $4. Previously, Robert W. Baird started tracking the stock with Outperform rating on November 17, 2023, and set its price target to $11. On November 08, 2023, downgrade downgraded it’s rating to Hold. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $12 on July 24, 2023. Truist initiated its recommendation with a Buy and recommended $24 as its price target on May 01, 2023. UBS upgraded its rating to Buy for this stock on March 28, 2023, but kept the price target unchanged to $11. In a note dated June 14, 2022, UBS initiated an Neutral rating and provided a target price of $7 on this stock.
For the past year, the stock price of Coherus Biosciences Inc fluctuated between $0.97 and $3.98. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Coherus Biosciences Inc [NASDAQ: CHRS] shares were valued at $1.02 at the most recent close of the market. An investor can expect a potential return of 782.35% based on the average CHRS price forecast.
Analyzing the CHRS fundamentals
According to Coherus Biosciences Inc [NASDAQ:CHRS], the company’s sales were 308.13M for trailing twelve months, which represents an 10.67% jump. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.51%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.24 and Total Capital is -0.74. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.5.
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 0.9855 points at the first support level, and at 0.9511 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0547, and for the 2nd resistance point, it is at 1.0895.
Ratios To Look Out For
It is important to note that Coherus Biosciences Inc [NASDAQ:CHRS] has a current ratio of 1.21. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 0.38.
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.
