How to buy Coherent stock - 06 March

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How to buy Coherent stock

Own Coherent stock in just a few minutes.

Fact checked

Coherent, Inc is a scientific & technical instruments business based in the US. Coherent shares (COHR) are listed on the NASDAQ and all prices are listed in US Dollars. Coherent employs 4,875 staff and has a trailing 12-month revenue of around USD$1.2 billion.

How to buy shares in Coherent

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Coherent. Find the stock by name or ticker symbol: COHR. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Coherent reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Coherent, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Coherent. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Coherent share price

Use our graph to track the performance of COHR stocks over time.

Coherent shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$78.21 - USD$264.64
50-day moving average USD$214.1385
200-day moving average USD$146.5234
Wall St. target priceUSD$197
PE ratio 129.8515
Dividend yield N/A (0%)
Earnings per share (TTM) USD$2.22

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Coherent stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Coherent under- or over-valued?

Valuing Coherent stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Coherent's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Coherent's P/E ratio

Coherent's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 130x. In other words, Coherent shares trade at around 130x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Coherent's PEG ratio

Coherent's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.34. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Coherent's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Coherent's EBITDA

Coherent's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$95.9 million.

The EBITDA is a measure of a Coherent's overall financial performance and is widely used to measure a its profitability.

Coherent financials

Revenue TTM USD$1.2 billion
Operating margin TTM 2.54%
Gross profit TTM USD$410.9 million
Return on assets TTM 0.96%
Return on equity TTM -37.19%
Profit margin -34.01%
Book value $38.936
Market capitalisation USD$6 billion

TTM: trailing 12 months

Shorting Coherent shares

There are currently 879,521 Coherent shares held short by investors – that's known as Coherent's "short interest". This figure is 28.2% up from 686,106 last month.

There are a few different ways that this level of interest in shorting Coherent shares can be evaluated.

Coherent's "short interest ratio" (SIR)

Coherent's "short interest ratio" (SIR) is the quantity of Coherent shares currently shorted divided by the average quantity of Coherent shares traded daily (recently around 758207.75862069). Coherent's SIR currently stands at 1.16. In other words for every 100,000 Coherent shares traded daily on the market, roughly 1160 shares are currently held short.

However Coherent's short interest can also be evaluated against the total number of Coherent shares, or, against the total number of tradable Coherent shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Coherent's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Coherent shares in existence, roughly 40 shares are currently held short) or 0.0403% of the tradable shares (for every 100,000 tradable Coherent shares, roughly 40 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Coherent.

Find out more about how you can short Coherent stock.

Coherent share dividends

We're not expecting Coherent to pay a dividend over the next 12 months.

Have Coherent's shares ever split?

Coherent's shares were split on a 2:1 basis on 2 March 1998. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Coherent shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Coherent shares which in turn could have impacted Coherent's share price.

Coherent share price volatility

Over the last 12 months, Coherent's shares have ranged in value from as little as $78.21 up to $264.64. A popular way to gauge a stock's volatility is its "beta".

COHR.US volatility(beta: 1.63)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Coherent's is 1.6297. This would suggest that Coherent's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Coherent overview

Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used for applications in microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.

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