nLIGHT Inc (NASDAQ:LASR) price on Friday, March 21, fall -3.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.56.
A look at the stock’s price movement, the close in the last trading session was $8.83, moving within a range at $8.3401 and $8.7. The beta value (5-Year monthly) was 2.293. Turning to its 52-week performance, $14.73 and $7.94 were the 52-week high and 52-week low respectively. Overall, LASR moved -18.79% over the past month.
nLIGHT Inc’s market cap currently stands at around $419.70 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
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 -5.42% and -16.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.16, while 7-day volatility ratio is 3.92% and 5.71% in the 30-day chart. Further, nLIGHT Inc (LASR) has a beta value of 2.19, and an average true range (ATR) of 0.49.
If we refocus on nLIGHT Inc (NASDAQ:LASR), historical trading data shows that trading volumes averaged 0.48 over the past 10 days and 418.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 48.95 million shares.
The 5.36% of nLIGHT Inc’s shares are in the hands of company insiders while institutional holders own 82.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.3 million on 2025-02-28, giving us a short ratio of 4.08. The data shows that as of 2025-02-28 short interest in nLIGHT Inc (LASR) stood at 311.0 of shares outstanding, with shares short rising to 1.23 million registered in 2025-01-31. Current price change has pushed the stock -18.40% 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.
