COHR
Coherent Corp. Technology - Photonics Investor Relations →
Coherent Corp. (COHR) closed at $389.57 as of 2026-06-19, trading 313.4% above its 200-week moving average of $94.24. The stock is currently moving closer to the line, down from 315.9% last week. With a 14-week RSI of 81, COHR is in overbought territory.
Trading volume is running at 0.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.35 ratio) is neutral — neither side is clearly dominating.
Over the past 1972 weeks of data, COHR has crossed below its 200-week moving average 30 times. On average, these episodes lasted 20 weeks. Historically, investors who bought COHR at the start of these episodes saw an average one-year return of +38.9%.
With a market cap of $76.2 billion, COHR is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 4.7%. The stock trades at 7.1x book value.
Share count has increased 45.4% over three years, indicating dilution.
Over the past 33.5 years, a hypothetical investment of $100 in COHR would have grown to $221622, compared to $3097 for the S&P 500. That represents an annualized return of 25.9% vs 10.8% for the index — confirming COHR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 24.9% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: COHR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After COHR Crosses Below the Line?
Across 26 historical episodes, buying COHR when it crossed below its 200-week moving average produced an average return of +47.2% after 12 months (median +33.0%), compared to +16.8% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +109.3% vs +37.2% for the index.
Each line shows $100 invested at the moment COHR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. COHR currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from COHR's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
COHR has crossed below its 200-week MA 30 times with an average 1-year return of +38.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1989 | Apr 1989 | 1 | 3.8% | +12.2% | +101665.1% |
| Nov 1989 | Nov 1989 | 2 | 1.9% | -48.1% | +95794.2% |
| Jan 1990 | Mar 1990 | 6 | 6.2% | -50.9% | +93984.7% |
| Apr 1990 | Jan 1994 | 198 | 55.4% | -37.8% | +110710.9% |
| May 1998 | Nov 1999 | 78 | 62.2% | -40.2% | +20336.5% |
| Jun 2002 | Jun 2002 | 1 | 4.8% | +87.6% | +12907.3% |
| Jul 2002 | Aug 2002 | 3 | 6.7% | +92.7% | +12994.8% |
| Aug 2002 | Sep 2002 | 1 | 0.4% | +92.6% | +11905.2% |
| Sep 2002 | Oct 2002 | 3 | 1.6% | +53.3% | +11705.2% |
| Oct 2008 | Oct 2008 | 1 | 8.2% | +19.8% | +3158.6% |
| Nov 2008 | Oct 2009 | 47 | 40.1% | +31.2% | +3493.8% |
| Oct 2009 | Nov 2009 | 1 | 2.4% | +48.6% | +2843.5% |
| Jan 2010 | Mar 2010 | 5 | 6.9% | +85.2% | +2813.8% |
| Nov 2011 | Nov 2011 | 1 | 2.7% | -3.8% | +2241.2% |
| Jun 2012 | Jul 2012 | 7 | 7.0% | +3.1% | +2297.4% |
| Oct 2012 | Dec 2012 | 11 | 11.4% | +8.2% | +2127.4% |
| Jan 2013 | Aug 2013 | 29 | 18.6% | -7.0% | +2113.5% |
| Sep 2013 | Mar 2015 | 78 | 39.7% | -30.7% | +1999.0% |
| Jul 2015 | Aug 2015 | 2 | 1.2% | +15.0% | +2167.6% |
| Aug 2015 | Oct 2015 | 8 | 7.9% | +26.5% | +2206.5% |
| Jan 2016 | Jan 2016 | 2 | 2.8% | +78.7% | +2272.5% |
| May 2019 | Jun 2019 | 1 | 3.9% | +51.2% | +1139.5% |
| Sep 2019 | Jan 2020 | 14 | 22.4% | +27.7% | +1092.1% |
| Jan 2020 | May 2020 | 15 | 32.6% | +149.8% | +1057.7% |
| Sep 2020 | Sep 2020 | 2 | 4.7% | +68.3% | +967.6% |
| Jun 2022 | Jul 2022 | 3 | 4.3% | +3.8% | +692.9% |
| Aug 2022 | Feb 2024 | 75 | 45.9% | -13.5% | +797.4% |
| Apr 2024 | Apr 2024 | 2 | 8.2% | +3.0% | +626.8% |
| May 2024 | May 2024 | 1 | 0.2% | +31.4% | +625.6% |
| Mar 2025 | Apr 2025 | 3 | 13.0% | +410.4% | +670.2% |
| Average | 20 | — | +38.9% | — |
Frequently Asked Questions
Is COHR below its 200-week moving average?
No. Coherent Corp. (COHR) is currently 313.4% above its 200-week moving average of $94.24. It would need to fall to $94.24 to cross below the line.
What is COHR's 200-week moving average price?
Coherent Corp.'s 200-week moving average is $94.24 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when COHR drops below its 200-week moving average?
COHR has crossed below its 200-week moving average 30 times in our data. On average, buying at that moment produced a one-year return of +38.9%. These dips have historically been decent entry points. These episodes lasted 20 weeks on average.
Is COHR a good value right now?
Here's what our data says about COHR as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 81 (overbought). Free cash flow is currently negative. Return on equity is 4.7%. Price-to-book is 7.1x. This is not a buy or sell recommendation — always do your own research.
How does COHR compare to the S&P 500?
Over the past 33.5 years, $100 invested in COHR would have grown to $221622, compared to $3097 for the S&P 500. That's 25.9% annualized vs 10.8% for the index. COHR has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19