Analyst Expects Coherent Corp (NYSE: COHR) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Coherent Introduces VCSEL-Based Illumination Module Platform for Short- and Mid-Range Automotive and Industrial LiDAR.

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Stocks Info

As a NYSE listed company, COHR falls under the Technology sector while operating within the Scientific & Technical Instruments industry segment. At the end of the last regular session, the stock closed at $44.10 and fluctuated between $44.65 as its day high and $43.24 as its day low. The current market capitalization of Coherent Corp is $6.68B. A total of 1.8 million shares were traded on the day, compared to an average of 1.64M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, COHR has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,920 and the disposition of 1,920 shares. Over the last 12 months, there were 32 BUYs and 44 SELLs from insiders. Insiders purchased 387,038 shares during that period but sold 256,413.

In the most recent transaction, Koeppen Christopher sold 1,920 shares of COHR for 45.00 per share on Dec 26. After the transaction, the Chief Innovation Officer now owns 68,662 company shares. In a previous transaction on Dec 14, Xia Howard H. sold 3,440 shares at 42.80 per share. COHR shares that Director owns now total 44,916.

Among the insiders who sold shares, Eng Julie Sheridan disposed of 9,901 shares on Dec 06 at a per-share price of $40.01. This resulted in the Chief Technology Officer holding 23,701 shares of COHR after the transaction. In another insider transaction, BASHAW WALTER ROBERT II sold 7,500 shares at $40.01 per share on Dec 06. Company shares held by the President now total 117,159.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, COHR has a high of $60.46 and a low of $26.29.

As of this writing, COHR has an earnings estimate of $0.26 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.62 per share and a lower estimate of $0.14. The company reported an EPS of $0.41 in the last quarter, which was 7.90% higher than expectations of $0.38.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. COHR’s latest balance sheet shows that the firm has $2.58B in Cash & Short Term Investments as of fiscal 2022. There were $2.44B in debt and $1.27B in liabilities at the time. Its Book Value Per Share was $31.94, while its Total Shareholder’s Equity was $4.38B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COHR is Buy with a score of 4.22.

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