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Stock Charts AI Power Rank: 9.3
Power Rank trending -> UP

Last Price: 71.75 - Change: -0.18 - Change %: -0.2502
06/24/2024 16:10:00 EST

Coherent Inc (COHR)

Industry: Scientific & Technical Instruments

Price Support Resistance

In the past 20 trading days, COHR has been trading in a range between $73.98 and $57.06 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

COHR is trading below resistance at $73.98, about 3% to the upside. There is support at $59.67 -17% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Coherent Inc $COHR entered a Green zone 28 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $42.94, a potential down side of -40.15% from the recent price of 71.75. The stock is trading 4.88% (potential upside) below its 52 week high of $75.25 and 152.02 % (potential downside) above its 52 week low of $28.47 - based on the recent price.

Company Summary

Coherent Corp develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments: Compound Semiconductors and Photonic Solutions.

COHR Website

News

Forget Nvidia: Prominent Billionaires Are Selling It in Favor of These 7 Top-Notch Stocks
Artificial intelligence (AI) has the potential to add nearly $16 trillion to the global economy by the turn of the decade. Eight top-tier billionaires sent shares of Nvidia to the chopping block in the March-ended quarter.
Source: The Motley Fool
Tue, 25 Jun 2024 05:04:00 -0400
Sentiment: Positive
7 Best Stocks For Magnificent Earnings Growth Next Year
None of our picks is Nvidia or Apple or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.
Source: Investors Business Daily
Fri, 21 Jun 2024 16:00:34 -0400
Sentiment: Positive
Coherent Reaches a Manufacturing Milestone: 300 Million Transceivers Shipped From Ipoh, Malaysia, Facility
PITTSBURGH, June 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, proudly announces the shipment of its 300-millionth optical transceiver from its manufacturing facility in Ipoh, Malaysia. This significant milestone underscores the scale, resiliency, and flexibility of Coherent supply chain solutions for customers.
Source: GlobeNewsWire
Wed, 12 Jun 2024 16:30:00 -0400
Sentiment: Neutral
Why EV Chip Stocks Axcelis Technologies, Coherent, and Aehr Test Systems Rallied This Week
Both GM and Ford reported blockbuster EV sales in May. It's a positive surprise, given the downturn in EVs since mid-2023.
Source: The Motley Fool
Fri, 07 Jun 2024 07:37:00 -0400
Sentiment: Positive
Will Coherent Stock Rebound To Levels Of Around $100 Seen In 2021?
The stock price of Coherent Inc. (NYSE: COHR), a semiconductor company, trades at $70 per share, about 30% below its peak level of $100 seen in February 2021. In contrast, Lattice Semiconductor (NASDAQ: LSCC) stock saw a 15% decline.
Source: Forbes
Wed, 05 Jun 2024 06:00:53 -0400
Sentiment: Neutral
Instituions Institution %: 88.73
Last QTR Institution change: 18268

Insiders
Insiders %: 1.666
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 104158
Insiders Net last QTR: -104158

Analyst Ratings
Target Price: 42.94
Overall Rating: 4.1667
Strong Buys (5): 8
Buys (4): 5
Holds (3): 5
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 75.25
52 Week Low: 28.47
Beta: 1.635
50 Day MA: 59.3106
200 Day MA: 48.1268

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.609
Qtr Revenue Growth YOY: -0.025
Forward PE: 30.03
Trailing PE: 0

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