Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Coherent Corp’s current trading price is -16.66% away from its 52-week high, while its distance from the 52-week low is 136.92%. The stock’s price range during this period has varied between $28.47 and $80.93. The company, active in the Technology sector, saw a trading volume of around 2.42 million for the day, considerably higher average daily volume of 2.11 million observed over the last three months.
Coherent Corp’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $80.93 on 07/16/24, and the lowest price during that time was $28.47, recorded on 09/21/23.
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How Financial Performance Impacts Market Capitalization
Coherent Corp (COHR) has experienced a quarterly rise of 29.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.28B and boasts a workforce of 27000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 63.10, with a change in price of +3.98. Similarly, Coherent Corp recorded 2,030,849 in trading volume during the last 100 days, posting a change of +6.27%.
How COHR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for COHR stands at 0.57. Similarly, the long-term debt-to-equity ratio is also 0.55.
COHR Stock Stochastic Average
As of today, the raw stochastic average of Coherent Corp over the last 50 days is at 49.32%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 1.75%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.42% and 22.02%, respectively.
COHR Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The index has shown a price gain of 54.95% this year. Over the last six months, there has been a weaker performance of 40.52%. The price of COHR leaped by -5.82% during the last 30 days period. For the last 5-days stocks have slided -9.50%.