Coherus BioSciences, Inc. (CHRS) Stock: Is This Biotech Stock Worth Your Attention?

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Coherus BioSciences, Inc. (CHRS) is falling in the market today. The stock, one that is focused on the biotechnology industry, is currently priced at $14.58 after heading down -5.87% so far today. When it comes to biotechnology companies, there are quite a few factors that have the potential to lead to movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines associated with CHRS:

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Apr-09-19 08:41AM Coherus (CHRS) Catches Eye: Stock Jumps 6.9%
Apr-08-19 04:32PM Why Sony, AMC Entertainment Holdings, and Coherus BioSciences Jumped Today
01:04PM Here’s Why Coherus BioSciences Popped Today
Apr-07-19 09:27AM Read This Before Buying Coherus BioSciences, Inc. (NASDAQ:CHRS) Shares
Apr-05-19 04:00PM Coherus BioSciences Announces Unaudited First Quarter 2019 UDENYCA Net Sales

Nonetheless, when making an investing decision, prospective investors should focus on far more than just news, this is especially the case in the generally speculative biotech industry. Here’s what’s happening with Coherus BioSciences, Inc..

The Performance That We’ve Seen From CHRS

While a decline in a single session, like the move that we’re seeing from Coherus BioSciences, Inc. may cause fear in some investors, that alone should not be the basis of a decision to, or not to, invest in a stock. It’s always smart to take a look at trends for a period longer than a single trading day. In the case of CHRS, below are the movements that we’ve seen:

  • Past Seven Days – Over the past 5 trading sessions, CHRS has produced a price change amounting to 11.21%.
  • Monthly – The performance from Coherus BioSciences, Inc. throughout the last 30 days works out to -0.82%.
  • Past Three Months – Over the past 3 months, the company has produced a return on investment that comes to 33.15%
  • Bi-Annually – In the previous six months, investors have seen a change of -2.28% from the stock.
  • This Year So Far – Since the the last trading session of last year CHRS has produced a return on investment of 61.10%.
  • Full Year – Finally, in the past full year, investors have seen a change in the amount of 30.18% out of CHRS. Over this period, the stock has traded at a high of -29.44% and a low of 75.24%.

Ratios To Watch

Digging into various key ratios associated with a company generally gives traders a look of how dangerous and/or potentially profitable a pick might be. Here are a few of the key ratios to consider when digging into CHRS.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the stock is going to go down. Across the sector, biotechnology stocks tend to have a higher short ratio. However, we also tend to see quite a few short squeezes in the industry. Nonetheless, in regard to Coherus BioSciences, Inc., the stock’s short ratio clocks in at 10.99.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they come due using quick assets or current assets. Because many biotech companies rely on continued support from investors, the quick and current ratios can be bad. However, several better companies in the biotech space do have strong current and quick ratios. As far as CHRS, the quick and current ratios come to 2.50 and 2.50 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. In this case, that ratio equates to -0.51.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. Many clinical stage biotech companies struggle to keep cash on hand. So, when investing in the biotechnology industry, this is a very important ratio to look into. In this case, the cash to share value ratio is 0.

How Analysts Feel About Coherus BioSciences, Inc.

Although it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to use their thoughts when validating your own thoughts before making an investment decision in the biotech industry. Below you’ll find the most recent moves that we have seen from analysts with regard to CHRS.

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Aug-28-18 Initiated H.C. Wainwright Buy $28
Mar-09-18 Reiterated Maxim Group Buy $20 → $15
Aug-08-17 Reiterated JP Morgan Overweight $32 → $25
Jun-13-17 Reiterated Maxim Group Buy $44 → $40
May-05-17 Initiated BMO Capital Markets Outperform $54

Is Big Money Interested in Coherus BioSciences, Inc.?

One thing I have come to understand so far in my brief period here is that smart investors tend to follow big money investors. In general, investors that are trying to keep the risk down will keep an eye on investments made by institutions and those on the inside. So, where is the big money in regard to CHRS? Here’s the data:

  • Institutional Investors – At the moment, institutional investors own 97.10% of CHRS. Nonetheless, it’s worth considering that the ownership held by institutions has moved in the amount of 0.26% in the past quarter.
  • Insider Holdings – As far as insiders go, those close to the situation currently hold 0.30% of Coherus BioSciences, Inc.. Insider ownership of the company has changed in the amount of -1.48% over the last 3 months.

What’s The Float Looking Like?

Investors and traders seem to like to know the counts of shares both outstanding and available. In terms of Coherus BioSciences, Inc., currently there are 66.58M with a float of 63.75M. This means that out of the total of 66.58M shares of CHRS in existence today, 63.75M are able to be traded on the public market.

I also find it important to look at the short percent. After all, if a large percentage of the float available for trading is sold short, the overall feeling among investors is that the equity is going to fall. With regard to CHRS, the percentage of the float that is sold short is 13.90%. In general, concerning short percent of the float is anything over 40%. However, I have seen that any short percent of the float over 26% is likely a risky play.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.51. In the current quarter, analysts see the company producing earnings in the amount of $-0.90. Over the last 5 years, CHRS has generated revenue in the amount of $0 with earnings coming in at -14.00%. On a quarter over quarter basis, earnings have seen movement of 1.80% and revenue has seen movement of 0.

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