nLIGHT Inc (NASDAQ:LASR) price on Friday, February 28, rose 0.99% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.17.
A look at the stock’s price movement, the close in the last trading session was $9.08. Turning to its 52-week performance, $14.73 and $9.04 were the 52-week high and 52-week low respectively. Overall, LASR moved -17.24% over the past month.
nLIGHT Inc’s market cap currently stands at around $444.10 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 47.41M for the company’s revenue for the quarter, with a low and high estimate of 46.66M and 48M respectively. The average forecast suggests up to a 6.47% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 209.89M, representing a 5.71% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LASR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend LASR as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Strong Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LASR’s current price about -12.22% and -14.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.01, while 7-day volatility ratio is 5.30% and 4.98% in the 30-day chart. Further, nLIGHT Inc (LASR) has a beta value of 2.30, and an average true range (ATR) of 0.56.
If we refocus on nLIGHT Inc (NASDAQ:LASR), historical trading data shows that trading volumes averaged 377.30K over the past 3 months. The company’s latest data on shares outstanding shows there are 48.43 million shares.
The 5.44% of nLIGHT Inc’s shares are in the hands of company insiders while institutional holders own 83.49% of the company’s shares. Current price change has pushed the stock -12.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LASR stock continues to rise going into the next quarter.
