nLIGHT Inc (NASDAQ:LASR) price on Friday, June 13, fall -0.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $18.04.
A look at the stock’s price movement, the close in the last trading session was $18.20. Turning to its 52-week performance, $18.49 and $6.20 were the 52-week high and 52-week low respectively. Overall, LASR moved 40.50% over the past month.
nLIGHT Inc’s market cap currently stands at around $891.89 million, with investors looking forward to this quarter’s earnings report slated for in July.
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 13.83% and 58.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 78.06, while 7-day volatility ratio is 2.80% and 3.37% in the 30-day chart. Further, nLIGHT Inc (LASR) has a beta value of 2.28, and an average true range (ATR) of 0.83.
If we refocus on nLIGHT Inc (NASDAQ:LASR), historical trading data shows that trading volumes averaged 559.24K over the past 3 months. The company’s latest data on shares outstanding shows there are 49.44 million shares.
The 5.51% of nLIGHT Inc’s shares are in the hands of company insiders while institutional holders own 85.52% of the company’s shares. Current price change has pushed the stock 71.97% 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.
