Coherent Corp (NYSE:COHR) shares, rose in value on Wednesday, March 26, with the stock price down by -5.49% to the previous day’s close as strong demand from buyers drove the stock to $71.49.
Actively observing the price movement in the last trading, the stock closed the session at $75.64, falling within a range of $70.43 and $76.5. The value of beta (5-year monthly) was 1.695. Referring to stock’s 52-week performance, its high was $113.60, and the low was $48.78. On the whole, COHR has fluctuated by -6.09% over the past month.
With the market capitalization of Coherent Corp currently standing at about $11.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.68B, with a low estimate of 1.37B and a high estimate of 1.46B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.44B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that COHR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of COHR currently trading nearly 3.79% and -12.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.35, while the 7-day volatility ratio is showing 5.38% which for the 30-day chart, stands at 6.94%. Furthermore, Coherent Corp (COHR)’s beta value is 1.85, and its average true range (ATR) is 5.15.
A comparison of Coherent Corp (COHR) with its peers suggests the former has fared considerably weaker in the market. COHR showed an intraday change of -5.49% in last session, and over the past year, it grew by 12.94%%.
Data on historical trading for Coherent Corp (NYSE:COHR) indicates that the trading volumes over the past 10 days have averaged 4.07 and over the past 3 months, they’ve averaged 3.88 million. According to company’s latest data on outstanding shares, there are 154.94 million shares outstanding.
Nearly 1.39% of Coherent Corp’s shares belong to company insiders and institutional investors own 93.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.1 million shares as on 2025-03-14, resulting in a short ratio of 1.47. According to the data, the short interest in Coherent Corp (COHR) stood at 482.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 5.3 million. The stock has fallen by -24.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COHR stock heading into the next quarter.
