nLIGHT Inc (NASDAQ:LASR) shares, rose in value on Friday, March 28, with the stock price down by -3.87% to the previous day’s close as strong demand from buyers drove the stock to $7.95.
Actively observing the price movement in the last trading, the stock closed the session at $8.27, falling within a range of $7.8494 and $8.285. The value of beta (5-year monthly) was 2.293. Referring to stock’s 52-week performance, its high was $14.73, and the low was $7.94. On the whole, LASR has fluctuated by -12.44% over the past month.
With the market capitalization of nLIGHT Inc currently standing at about $389.80 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 210.81M, with a low estimate of 47M and a high estimate of 48.43M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 47.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LASR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of LASR currently trading nearly -9.39% and -20.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.94, while the 7-day volatility ratio is showing 4.51% which for the 30-day chart, stands at 5.48%. Furthermore, nLIGHT Inc (LASR)’s beta value is 2.23, and its average true range (ATR) is 0.46.
A comparison of nLIGHT Inc (LASR) with its peers suggests the former has fared considerably weaker in the market. LASR showed an intraday change of -3.87% in last session, and over the past year, it shrunk by -37.00%%.
Data on historical trading for nLIGHT Inc (NASDAQ:LASR) indicates that the trading volumes over the past 10 days have averaged 0.38 and over the past 3 months, they’ve averaged 416.43K. According to company’s latest data on outstanding shares, there are 48.95 million shares outstanding.
Nearly 5.36% of nLIGHT Inc’s shares belong to company insiders and institutional investors own 82.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.56 million shares as on 2025-03-14, resulting in a short ratio of 3.48. According to the data, the short interest in nLIGHT Inc (LASR) stood at 372.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.28 million. The stock has fallen by -24.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LASR stock heading into the next quarter.
