The stock of nLIGHT Inc (LASR) has seen a -2.45% decrease in the past week, with a 10.43% gain in the past month, and a 11.78% flourish in the past quarter. The volatility ratio for the week is 4.58%, and the volatility levels for the past 30 days are at 4.94% for LASR. The simple moving average for the past 20 days is 0.06% for LASR’s stock, with a -0.49% simple moving average for the past 200 days.
Is It Worth Investing in nLIGHT Inc (NASDAQ: LASR) Right Now?
Additionally, the 36-month beta value for LASR is 2.28. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LASR is 45.49M and currently, short sellers hold a 1.87% ratio of that float. The average trading volume of LASR on November 08, 2024 was 308.20K shares.
LASR) stock’s latest price update
nLIGHT Inc (NASDAQ: LASR) has experienced a decline in its stock price by -18.53 compared to its previous closing price of 14.68. However, the company has seen a fall of -2.45% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that NLight (LASR) came out with a quarterly loss of $0.08 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.10 per share a year ago.
Analysts’ Opinion of LASR
Many brokerage firms have already submitted their reports for LASR stocks, with Cantor Fitzgerald repeating the rating for LASR by listing it as a “Overweight.” The predicted price for LASR in the upcoming period, according to Cantor Fitzgerald is $15.50 based on the research report published on October 03, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see LASR reach a price target of $17. The rating they have provided for LASR stocks is “Speculative Buy” according to the report published on November 28th, 2023.
Needham gave a rating of “Buy” to LASR, setting the target price at $16 in the report published on November 28th of the previous year.
LASR Trading at 6.19% from the 50-Day Moving Average
After a stumble in the market that brought LASR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.27% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 4.58%, as shares surge +7.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.45% upper at present.
During the last 5 trading sessions, LASR rose by +0.33%, which changed the moving average for the period of 200-days by -7.80% in comparison to the 20-day moving average, which settled at $11.97. In addition, nLIGHT Inc saw -11.41% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LASR starting from Keeney Scott H, who sale 15,000 shares at the price of $13.73 back on Nov 06 ’24. After this action, Keeney Scott H now owns 1,347,781 shares of nLIGHT Inc, valued at $205,950 using the latest closing price.
Keeney Scott H, the President and CEO of nLIGHT Inc, sale 15,000 shares at $12.53 during a trade that took place back on Nov 05 ’24, which means that Keeney Scott H is holding 1,347,781 shares at $187,950 based on the most recent closing price.
Stock Fundamentals for LASR
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- 0.21 for the gross margin
The net margin for nLIGHT Inc stands at -0.24. The total capital return value is set at -0.21. Equity return is now at value -20.05, with -16.43 for asset returns.
Based on nLIGHT Inc (LASR), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -149.81.
Currently, EBITDA for the company is -29.92 million with net debt to EBITDA at 0.61. When we switch over and look at the enterprise to sales, we see a ratio of 2.63. The receivables turnover for the company is 5.04for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.10.
Conclusion
In conclusion, nLIGHT Inc (LASR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
