Are Things Looking Up For Coherent Corp (NYSE: COHR)?

After Hours

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. Yahoo Finance discussed the stock recently as it posted Coherent Corp. Releases Second-Quarter Fiscal Year 2024 Financial Results.

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Stocks Info

The company is listed on the NYSE and operates within the Scientific & Technical Instruments industry segment. At the end of the last regular session, the stock closed at $61.81 and fluctuated between $63.63 as its day high and $59.84 as its day low. The current market capitalization of Coherent Corp is $9.36B. A total of 3.68 million shares were traded on the day, compared to an average of 1.99M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 43 SELLs from insiders. Insiders purchased 387,038 shares during that period but sold 251,213.

In the most recent transaction, Koeppen Christopher sold 1,860 shares of COHR for 50.00 per share on Jan 30. After the transaction, the Chief Innovation Officer now owns 68,662 company shares. In a previous transaction on Dec 26, Koeppen Christopher sold 1,920 shares at 45.00 per share. COHR shares that Chief Innovation Officer owns now total 68,662.

Among the insiders who sold shares, Xia Howard H. disposed of 3,440 shares on Dec 14 at a per-share price of $42.80. This resulted in the Director holding 44,916 shares of COHR after the transaction. In another insider transaction, Eng Julie Sheridan sold 9,901 shares at $40.01 per share on Dec 06. Company shares held by the Chief Technology Officer now total 23,701.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for COHR in the last 3 months, the mean price target is $62.74 with high estimates of $76.00 and low estimates of $45.00. In terms of 52-week highs and lows, COHR has a high of $63.37 and a low of $26.29.

As of this writing, COHR has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.59 per share and a lower estimate of $0.34. The company reported an EPS of $0.16 in the last quarter, which was 33.30% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $36.05, while its Total Shareholder’s Equity was $4.38B.

Analysts Opinion

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. 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 4.29.

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