logo

Coherus Biosciences Inc: Rising -75.75% from 52-Week Low, Can the Stock Stay Afloat?

OPEN Stock

In terms of market performance, Coherus Biosciences Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $8.33 on 05/08/23, while the lowest value was $1.43 on 11/10/23.

52-week price history of CHRS Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Coherus Biosciences Inc’s current trading price is -75.75% away from its 52-week high, while its distance from the 52-week low is 41.25%. The stock’s price range for this period has remained between $1.43 and $8.33. The Healthcare sector company’s shares managed to surpass a trading volume of around 0.72 million for the day, which was noticeably lower compared to the shares’ average daily volume of 2.81 million over the last three months.

Financial Performance and Market Capitalization

Coherus Biosciences Inc (CHRS) has experienced a quarterly decline of -12.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 229.27M and boasts a workforce of 306 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.39, with a change in price of -0.16. Similarly, Coherus Biosciences Inc recorded 4,702,370 in trading volume during the last 100 days, posting a change of -7.34%.

CHRS Stock Stochastic Average

As of today, the raw stochastic average of Coherus Biosciences Inc over the past 50 days is 7.61%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 10.61%. Additionally, the Stochastic %K and %D values for the company were 26.77% and 24.75%, respectively, over the past 20 days.

CHRS Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price loss of -39.34% this year. Over the last six months, there has been a stronger performance of -36.58%. The price of CHRS leaped by -11.40% during the last 30 days period. For the last 5-days stocks have slided -6.05%.