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NASDAQ:CHRS

Coherus BioSciences (CHRS) Stock Price, News & Analysis

$1.02
-0.11 (-9.73%)
(As of 09/20/2024 ET)

About Coherus BioSciences Stock (NASDAQ:CHRS)

Key Stats

Today's Range
$1.01
$1.11
50-Day Range
$1.04
$1.80
52-Week Range
$1.01
$4.48
Volume
3.67 million shs
Average Volume
2.64 million shs
Market Capitalization
$117.02 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.92
Consensus Rating
Moderate Buy

Company Overview

Coherus BioSciences, Inc., a biopharmaceutical company, focuses on the research, development, and commercialization of cancer treatments primarily in the United States. The company develops UDENYCA, a biosimilar to Neulasta, a long-acting granulocyte-colony stimulating factor; LOQTORZI, a novel PD-1 inhibitor; and Casdozokitug, an investigational recombinant human immunoglobulin isotype G1 (IgG1) monoclonal antibody targeting interleukin 27. It is also developing CHS-114, an investigational highly specific human afucosylated IgG1 monoclonal antibody selectively targeting CCR8, a chemokine receptor highly expressed on Treg cells in the tumor microenvironment (TME); and CHS-1000, an antibody targeting human ILT4 designed to improve anti-PD-1 clinical benefit by transforming an unfavorable TME to a more favorable TME. In addition, the company's licensed immuno-oncology programs include NZV930, an antibody designed to inhibit cluster of differentiation 73; and GSK4381562, an antibody targeting CD112R for the treatment of solid tumors. Further, it offers YUSIMRY, a biosimilar to Humira for the treatment of patients with inflammatory diseases characterized by increased production of tumor necrosis factor (TNF) in the body, including rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, ankylosing spondylitis, Crohn's disease, psoriasis, and ulcerative colitis. It collaboration agreement with Junshi Biosciences for the co-development and commercialization of toripalimab; agreement with Surface and Adimab LLC; license agreements with Bioeq AG and Genentech, Inc., as well as Vaccinex, Inc.; and out-licensing agreement with Novartis Institutes for Biomedical Research, Inc. and GlaxoSmithKline Intellectual Property No. 4 Limited. The company was formerly known as BioGenerics, Inc. and changed its name to Coherus BioSciences, Inc. in April 2012. Coherus BioSciences, Inc. was incorporated in 2010 and is headquartered in Redwood City, California.

Coherus BioSciences Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 77th Percentile

Coherus BioSciences scored higher than 77% of companies evaluated by MarketBeat, and ranked 275th out of 1,006 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Coherus BioSciences has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Coherus BioSciences has only been the subject of 3 research reports in the past 90 days.

  • Read more about Coherus BioSciences' stock forecast and price target.
  • Earnings Growth

    Earnings for Coherus BioSciences are expected to grow in the coming year, from ($1.07) to ($0.85) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Coherus BioSciences is -1.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Coherus BioSciences is -1.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about Coherus BioSciences' valuation and earnings.
  • Percentage of Shares Shorted

    21.92% of the outstanding shares of Coherus BioSciences have been sold short.
  • Short Interest Ratio / Days to Cover

    Coherus BioSciences has a short interest ratio ("days to cover") of 14.7, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Coherus BioSciences has recently increased by 4.75%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Coherus BioSciences does not currently pay a dividend.

  • Dividend Growth

    Coherus BioSciences does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    21.92% of the outstanding shares of Coherus BioSciences have been sold short.
  • Short Interest Ratio / Days to Cover

    Coherus BioSciences has a short interest ratio ("days to cover") of 14.7, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Coherus BioSciences has recently increased by 4.75%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Coherus BioSciences has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for Coherus BioSciences this week, compared to 3 articles on an average week.
  • Search Interest

    16 people have searched for CHRS on MarketBeat in the last 30 days. This is an increase of 78% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Coherus BioSciences to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Coherus BioSciences insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 7.63% of the stock of Coherus BioSciences is held by insiders.

  • Percentage Held by Institutions

    72.82% of the stock of Coherus BioSciences is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Coherus BioSciences' insider trading history.
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CHRS Stock News Headlines

“Buffett Indicator” Predicts 62% Stock Market Crash
The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%.
Coherus BioSciences' (CHRS) "Buy" Rating Reiterated at HC Wainwright
Truist Financial Remains a Buy on Coherus Biosciences (CHRS)
Barclays Keeps Their Buy Rating on Coherus Biosciences (CHRS)
See More Headlines

CHRS Stock Analysis - Frequently Asked Questions

Coherus BioSciences' stock was trading at $3.33 at the beginning of the year. Since then, CHRS stock has decreased by 69.4% and is now trading at $1.02.
View the best growth stocks for 2024 here
.

Coherus BioSciences, Inc. (NASDAQ:CHRS) released its quarterly earnings results on Thursday, August, 8th. The biotechnology company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.30) by $0.10. The biotechnology company had revenue of $64.98 million for the quarter, compared to the consensus estimate of $57.08 million.

The following companies are subsidiaries of Coherus BioSciences: InteKrin, Coherus Intermediate Corp, InteKrin Russia, and InteKrin Therapeutics Inc..

Coherus BioSciences' top institutional shareholders include CM Management LLC (0.96%), AQR Capital Management LLC (0.63%), Marshall Wace LLP (0.37%) and Renaissance Technologies LLC (0.34%). Insiders that own company stock include Dennis M Lanfear, James Healy and Mcdavid Stilwell.
View institutional ownership trends
.

Shares of CHRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Coherus BioSciences investors own include Halozyme Therapeutics (HALO), Chembio Diagnostics (CEMI), Exelixis (EXEL), Heron Therapeutics (HRTX), TG Therapeutics (TGTX), Intelsat (I) and Idera Pharmaceuticals (IDRA).

Company Calendar

Last Earnings
8/08/2024
Today
9/20/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biotechnology
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:CHRS
Fax
N/A
Employees
246
Year Founded
2010

Price Target and Rating

Average Stock Price Target
$6.92
High Stock Price Target
$12.00
Low Stock Price Target
$1.50
Potential Upside/Downside
+537.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-237,890,000.00
Pretax Margin
-9.65%

Debt

Sales & Book Value

Annual Sales
$308.13 million
Book Value
($1.74) per share

Miscellaneous

Free Float
105,972,000
Market Cap
$124.48 million
Optionable
Optionable
Beta
0.66

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This page (NASDAQ:CHRS) was last updated on 9/20/2024 by MarketBeat.com Staff
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