Coherent Corp [COHR] stock prices are up 5.64% to $104.62 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The COHR shares have gain 9.75% over the last week, with a monthly amount glided 37.71%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Coherent Corp [NYSE: COHR] stock has seen the most recent analyst activity on October 01, 2024, when Susquehanna upgraded its rating to a Positive but kept the price target unchanged to $120 for it. Previously, Needham reaffirmed its Buy rating on August 16, 2024, and elevated its price target to $84. On August 12, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $75 on the stock. Barclays upgraded its rating to a Overweight and increased its price target to $60 on January 16, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and raised its price target to $45 on December 13, 2023. B. Riley Securities upgraded its rating to Buy for this stock on October 11, 2023, and upped its price target to $37. In a note dated August 17, 2023, Rosenblatt upgraded an Buy rating on this stock but restated the target price of $45.
The stock price of Coherent Corp [COHR] has been fluctuating between $28.62 and $99.37 over the past year. Currently, Wall Street analysts expect the stock to reach $80.33 within the next 12 months. Coherent Corp [NYSE: COHR] shares were valued at $104.62 at the most recent close of the market. An investor can expect a potential drop of -23.22% based on the average COHR price forecast.
Analyzing the COHR fundamentals
The Coherent Corp [NYSE:COHR] reported sales of 4.71B for trailing twelve months, representing a surge of 9.07%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -6.75%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -2.42. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
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 101.52 points at the first support level, and at 98.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.19, and for the 2nd resistance point, it is at 107.77.
Ratios To Look Out For
It’s worth pointing out that Coherent Corp [NYSE:COHR]’s Current Ratio is 2.72. Also, the Quick Ratio is 1.77, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 3.43, the price to book ratio is 3.07.
Transactions by insiders
Recent insider trading involved Koeppen Christopher, Chief Innovation Officer, that happened on Oct 01 ’24 when 1899.0 shares were sold. Officer, CHRISTOPHER KOEPPEN completed a deal on Oct 01 ’24 to buy 1899.0 shares. Meanwhile, Chief Legal & Compliance Off. Basso Ronald sold 4741.0 shares on Sep 13 ’24.
