Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications.
Coherent stock last closed at $49.26, down 3.41% from the previous day, and has increased 46.17% in one year. It has overperformed other stocks in the Scientific & Technical Instruments industry by 0.48 percentage points. Coherent stock is currently +87.37% from its 52-week low of $26.29, and -27.49% from its 52-week high of $67.94.
As of Apr 19, 2024, there are 151.81M shares of COHR outstanding. The market value of COHR is $7.48B. In the last 24 hours, 3.3M COHR shares were traded.
How to Buy Coherent Stock
Wondering how to invest in Coherent stock? Here's how.
Decide where to buy Coherent stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Coherent stock.
Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
Put funds into your brokerage account: Pick your method of payment and add your information.
Analyze Coherent stock: The Coherent ticker symbol is COHR. Is Coherent stock a good investment? Should you buy shares of COHR? How do COHR's underlying business fundamentals look? Do top analysts think Coherent is a good buy? Why has COHR's stock price moved recently? (Hint: Our stock market analysis website can help you understand if COHR is a good stock to buy).
Execute your COHR purchase: Decide if you will purchase COHR shares at the current market price or use a limit order to purchase COHR stock at a particular price.
Keep tabs on your investment in COHR: Create a watchlist to get live updates on your position in Coherent stock.
Step 1: Decide where to buy Coherent stock
You will need a brokerage account in order to access the NYSE market and buy COHR stock.
A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Sign up for a brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal information so you are able to buy COHR stock today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Analyze Coherent stock
Once you have decided on the best place to buy Coherent stock, it's critical to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
Coherent stock data
COHR Price
$49.26
1w %
-8.1%
1y %
46.17%
5y %
20.88%
P/E
-17.47x
P/B
1.37x
P/S
1.62x
PEG
N/A
Revenue
$4.63B
Earnings
-$403.71M
Fore. Rev. Growth
6.96%
Fore. Earn. Growth
N/A
Market Cap
$7.48B
Next Earnings
May 8, 2024
Next Dividend
N/A
COHR Zen Score
WallStreetZen was designed to help everyday investors perform better fundamental analysis.
There are more short-term assets than short-term liabilities on the COHR balance sheet.
Negative Health Checks:
COHR's operating cash flow of $599.93M allows it to safely service it's debt of $4.39B.
COHR profit margin has gone down from -2.2% to -8.7% in the past year.
COHR earnings of -$60.39M is not sufficient to cover its interest payments.
COHR has a relatively high debt to equity ratio of 1.19.
Total COHR debt is higher than 5 years ago, relative to shareholder equity.
There are more long-term liabilities than short-term assets on the COHR balance sheet.
Do Wall Street analysts think it's a good time to buy COHR stock
Out of 9 Equities analysts who give ratings on COHR, the consensus analyst rating on Coherent is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest COHR Analyst Ratings
Dave Kang, a top 16% analyst from B. Riley Securities maintains COHR with a strong buy rating and raises their COHR price target from $54.00 to $74.00, on Feb 7, 2024.
Meta Marshall, a top 6% analyst from Morgan Stanley maintains COHR with a hold rating and raises their COHR price target from $45.00 to $58.00, on Feb 7, 2024.
Tom O'Malley, a top 26% analyst from Barclays upgrades COHR to a strong buy rating and raises their COHR price target from $38.00 to $60.00, on Jan 16, 2024.
Simon Leopold, a top 15% analyst from Raymond James maintains COHR with a buy rating and raises their COHR price target from $42.00 to $53.00, on Dec 15, 2023.
Last year, COHR revenue was $4.63B. Over the past 5 year, COHR's revenue has grown by 29.46% per year. This was faster than the Scientific & Technical Instruments industry average of 9.12%.
In the last 12 months, executives and large shareholders at COHR have sold more shares than they have bought.
Vincent D. Mattera Jr., Chief Executive Officer of COHR, was the latest COHR insider to sell. They sold $145,137.20 worth of COHR shares on Apr 15, 2024.
No, Coherent doesn't provide an income stream by paying out dividends.
COHR Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your COHR purchase
You have two main types of orders:
Market order: A market order is an order to buy or sell a security at the best price on the market. Market orders are mostly the best for newer investors.
Limit order: A limit order is an order to buy or sell a stock at a specific price (or better). If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you need more assistance investing in stocks on eToro, click the how to video below:
As of Apr 19, 2024, it costs $49.26 to buy one share of Coherent stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.203 shares of COHR.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.