Coherent Corp (NYSE:COHR) shares, rose in value on Wednesday, April 16, with the stock price down by -1.93% to the previous day’s close as strong demand from buyers drove the stock to $55.45.
Actively observing the price movement in the last trading, the stock closed the session at $56.54, falling within a range of $53.5 and $56.21. The value of beta (5-year monthly) was 1.884. Referring to stock’s 52-week performance, its high was $113.60, and the low was $45.58. On the whole, COHR has fluctuated by -15.19% over the past month.
With the market capitalization of Coherent Corp currently standing at about $8.59 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 5.69B, with a low estimate of 1.43B 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 100% 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 -10.65% and -22.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.31, while the 7-day volatility ratio is showing 6.74% which for the 30-day chart, stands at 9.49%. Furthermore, Coherent Corp (COHR)’s beta value is 1.93, and its average true range (ATR) is 6.00.
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 -1.93% in last session, and over the past year, it grew by 6.39%%.
Data on historical trading for Coherent Corp (NYSE:COHR) indicates that the trading volumes over the past 10 days have averaged 5.91 and over the past 3 months, they’ve averaged 4.44 million. According to company’s latest data on outstanding shares, there are 154.94 million shares outstanding.
Nearly 1.16% of Coherent Corp’s shares belong to company insiders and institutional investors own 93.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.33 million shares as on 2025-03-31, resulting in a short ratio of 1.76. According to the data, the short interest in Coherent Corp (COHR) stood at 579.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 5.17 million. The stock has fallen by -41.47% 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.
