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How to Buy Coherent Stock

Coherent Corp

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 $58.86, down 2.66% from the previous day, and has increased 31.91% in one year. It has overperformed other stocks in the Scientific & Technical Instruments industry by 0.3 percentage points. Coherent stock is currently +123.89% from its 52-week low of $26.29, and -7.5% from its 52-week high of $63.63.

As of Feb 23, 2024, there are 151.81M shares of COHR outstanding. The market value of COHR is $8.94B. In the last 24 hours, 1.67M COHR shares were traded.

How to Buy Coherent Stock

Wondering how to invest in Coherent stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Pick your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

Our preferred brokerage: eToro

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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.

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  1. Click here to get started.
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  2. Provide your personal info to start a new brokerage account.
  1. Submit your information by clicking the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you've finished signing up on one of the best stock apps, your next step is to transfer the money for your investment:

Watch the walkthrough below if you need help transferring money into your new investment account.

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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
$58.86
1w %
-1.44%
1y %
31.91%
5y %
37.33%
P/E
-20.87x
P/B
1.63x
P/S
1.93x
PEG
N/A
Revenue
$4.63B
Earnings
-$403.71M
Fore. Rev. Growth
6.96%
Fore. Earn. Growth
N/A
Market Cap
$8.94B
Next Earnings
N/A
Next Dividend
N/A

COHR Zen Score

WallStreetZen was designed to help everyday investors perform better fundamental analysis.

You can view all of the due diligence checks on COHR's stock page.

How is COHR stock valued?

Analysts use many financial metrics, analyses, models, and charts to gauge COHR's true value.

Using relative valuations measures:

  • COHR may be undervalued based on its P/B ratio of 1.63x, relative to Scientific & Technical Instruments industry P/B ratio of 3.22x

You can do more valuation analysis on COHR's stock here.

COHR Financial Health Summary

Positive Health Checks:

  • 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

Ruben Roy, a top 5% analyst from Stifel Nicolaus maintains COHR with a strong buy rating and raises their COHR price target from $58.00 to $68.00, on Feb 7, 2024.

James Ricchiuti, a top 1% analyst from Needham maintains COHR with a buy rating and raises their COHR price target from $52.00 to $64.00, on Feb 6, 2024.

Tom O'Malley, a top 35% 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 11% 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.

You can dig deeper into what analysts are saying on the Coherent stock forecast page.

COHR Technicals

SMA10
60.06
SMA20
56.11
SMA50
48.77
SMA100
41.4
SMA200
40.82
MACD
3.52
MACD Signal
3.91
MACD Histogram
-0.39
RSI
61.25
Stochastic %K
70.95
Stochastic %D
67.92
StochRSI %K
13.52
StochRSI %D
12.35

COHR Growth Metrics

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 8.46%.

Dig into COHR's earnings and revenue performance here.

Who is buying/selling COHR?

In the last 12 months, executives and large shareholders at COHR have sold more shares than they have bought.

Christopher Koeppen, Chief Innovation Officer of COHR, was the latest COHR insider to sell. They sold $124,040.00 worth of COHR shares on Feb 15, 2024.

Dig into more about who owns COHR shares here.

Does COHR provide a stable income stream?

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.

Click below to see what other community members have to say.

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:

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Step 6: Keep tabs on your investment in COHR

Now that you own some shares in COHR, you'll want to stay up-to-date on your stock purchase.

Make a watchlist to get alerted to the latest events about your COHR stock.

COHR Feed

How to Buy Stock in Coherent

To reiterate, here are the 6 steps to buy stock in Coherent:

  1. Decide where to buy Coherent stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Analyze Coherent stock
  5. Execute your COHR purchase
  6. Keep tabs on your investment in COHR

If you are looking for a brokerage account, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your new investment in Coherent, get started below.

NYSE: COHR
$58.86-1.61 (-2.66%)
Updated Feb 23, 2024
Open eToro Account
NYSE: COHR
$58.86-1.61 (-2.66%)
Updated Feb 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Coherent share?

As of Feb 23, 2024, it costs $58.86 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 0.17 shares of COHR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Coherent stock?

According to 9 Wall Street analysts who monitor Coherent, their consensus recommendation is to buy Coherent stock.

What is the best way to buy Coherent stock?

One way to place an order for Coherent stock is with a brokerage account.
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.