The trading price of nLIGHT Inc (NASDAQ:LASR) closed higher on Tuesday, May 27, and closing at $15.48, 6.83% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $14.82 and a 52-week low of $6.20. Over the past month, the stock has gained 97.95% in value.
nLIGHT Inc, whose market valuation is $765.33 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest LASR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LASR a recommendation rating is 4. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged nLIGHT Inc (LASR) as Underweight, while 1 advise Sell. Analysts have rated the stock Strong Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that LASR’s price is currently 37.59% off the SMA20 and 68.82% off the SMA50. The RSI metric on the 14-day chart is currently showing 82.50, and weekly volatility stands at 4.28%. When measured over the past 30 days, the indicator reaches 7.42%. nLIGHT Inc (NASDAQ:LASR)’s beta value is currently sitting at 2.13, while the Average True Range indicator is currently displaying 0.81.
To see how nLIGHT Inc stock has been performing in comparison to its peers in the industry, here are the numbers: LASR stock’s performance was 6.83% in the latest trading, and 18.17% in the past year.
An evaluation of the daily trading volume of nLIGHT Inc (NASDAQ:LASR) indicates that the 3-month average is 464.37K.
Currently, records show that 49.44 million of the company’s shares remain outstanding. The insiders hold 5.36% of outstanding shares, whereas institutions hold 85.56%. However, since the stock’s price has seen 47.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
