The stock of Coherent Corp (NYSE:COHR) last traded at $85.58, up 3.75% from the previous session.
COHR stock price is now -14.23% away from the 50-day moving average and 5.75% away from the 200-day moving average. The market capitalization of the company currently stands at $13.24B.
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With the price target of $135, Jefferies recently initiated with Buy rating for Coherent Corp (NYSE: COHR). , while ‘Rosenblatt’ rates the stock as ‘Neutral’
In other news, Koeppen Christopher, Chief Innovation Officer sold 2,916 shares of the company’s stock on Dec 16 ’24. The stock was sold for $317,377 at an average price of $108.84. Upon completion of the transaction, the Chief Innovation Officer now directly owns 55,338 shares in the company, valued at $4.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Chief Innovation Officer Koeppen Christopher sold 2,248 shares of the business’s stock. A total of $236,051 was realized by selling the stock at an average price of $105.00. This leaves the insider owning 58,254 shares of the company worth $4.99 million. A total of 1.38% of the company’s stock is owned by insiders.
During the past 12 months, Coherent Corp has had a low of $47.14 and a high of $113.60. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 2.67, and a quick ratio of 1.65. The fifty day moving average price for COHR is $99.7836 and a two-hundred day moving average price translates $80.92875 for the stock.
The latest earnings results from Coherent Corp (NYSE: COHR) was released for 2024-09-30. The net profit margin was -3.75% and return on equity was -0.84% for COHR. The company reported revenue of $1.35 billion for the quarter, compared to $1.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.02 percent. For the current quarter, analysts expect COHR to generate $1.37B in revenue.
