Nlight Inc Stock Price on May 10, 2024
| LASR Stock | USD 13.04 0.06 0.46% |
Below is the normalized historical share price chart for nLIGHT Inc extending back to April 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NLIGHT stands at 13.04, as last reported on the 24th of May, with the highest price reaching 13.16 and the lowest price hitting 12.89 during the day.
If you're considering investing in NLIGHT Stock, it is important to understand the factors that can impact its price. We consider NLIGHT not too volatile. nLIGHT Inc has Sharpe Ratio of 0.0012, which conveys that the firm had a 0.0012% return per unit of volatility over the last 3 months. We have found twenty-three technical indicators for NLIGHT, which you can use to evaluate the volatility of the firm. Please verify NLIGHT's standard deviation of 2.7, and Risk Adjusted Performance of (0) to check out if the risk estimate we provide is consistent with the expected return of 0.0025%.
As of 05/24/2024, Total Stockholder Equity is likely to drop to about 216.2 M. In addition to that, Common Stock Total Equity is likely to drop to about 13.8 K. At this time, NLIGHT's Price To Sales Ratio is relatively stable compared to the past year. As of 05/24/2024, Price Earnings To Growth Ratio is likely to grow to 0.58, while Price Book Value Ratio is likely to drop 2.32. NLIGHT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of April 2018 | 200 Day MA 11.882 | 50 Day MA 12.2921 | Beta 2.415 |
NLIGHT |
Sharpe Ratio = 0.0012
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Estimated Market Risk
| 2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NLIGHT is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NLIGHT by adding NLIGHT to a well-diversified portfolio.
Price Book 2.1293 | Enterprise Value Ebitda (14.81) | Price Sales 2.5807 | Shares Float 45.8 M | Wall Street Target Price 15.8 |
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NLIGHT Valuation on May 10, 2024
It is possible to determine the worth of NLIGHT on a given historical date. On May 10, 2024 NLIGHT was worth 13.33 at the beginning of the trading date compared to the closed value of 13.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NLIGHT stock. Still, in general, we apply an absolute valuation method to find NLIGHT's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NLIGHT where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NLIGHT's related companies.
| Open | High | Low | Close | Volume | |
| 12.80 | 13.43 | 12.79 | 13.36 | 198,249 | |
05/10/2024 | 13.33 | 13.45 | 13.06 | 13.41 | 199,916 |
| 13.41 | 13.49 | 13.15 | 13.24 | 206,446 |
| Backtest NLIGHT | | | NLIGHT History | | | NLIGHT Valuation | Previous | Next |
NLIGHT Trading Date Momentum on May 10, 2024
| On May 13 2024 nLIGHT Inc was traded for 13.24 at the closing time. The top price for the day was 13.49 and the lowest listed price was 13.15 . The trading volume for the day was 206.4 K. The trading history from May 13, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.27% . The trading date delta against the current closing price is 1.94% . |
nLIGHT Inc Fundamentals Correlations and Trends
By evaluating NLIGHT's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NLIGHT's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NLIGHT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NLIGHT Stock history
NLIGHT investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NLIGHT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in nLIGHT Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NLIGHT stock prices may prove useful in developing a viable investing in NLIGHT
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 46.1 M | 40.7 M | |
| Net Loss | -49.1 M | -46.7 M |
NLIGHT Quarterly Net Working Capital |
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NLIGHT Stock Technical Analysis
NLIGHT technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NLIGHT Period Price Range
Low | May 10, 2024
| High |
13.33 | 13.41 |
NLIGHT May 24, 2024 Market Strength
Market strength indicators help investors to evaluate how NLIGHT stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NLIGHT shares will generate the highest return on investment. By undertsting and applying NLIGHT stock market strength indicators, traders can identify nLIGHT Inc entry and exit signals to maximize returns
NLIGHT Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NLIGHT's price direction in advance. Along with the technical and fundamental analysis of NLIGHT Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NLIGHT to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.03) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in nLIGHT Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for NLIGHT Stock analysis
When running NLIGHT's price analysis, check to measure NLIGHT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NLIGHT is operating at the current time. Most of NLIGHT's value examination focuses on studying past and present price action to predict the probability of NLIGHT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NLIGHT's price. Additionally, you may evaluate how the addition of NLIGHT to your portfolios can decrease your overall portfolio volatility.
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Is NLIGHT's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NLIGHT. If investors know NLIGHT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NLIGHT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.02) | Revenue Per Share 4.312 | Quarterly Revenue Growth (0.18) | Return On Assets (0.10) | Return On Equity (0.19) |
The market value of nLIGHT Inc is measured differently than its book value, which is the value of NLIGHT that is recorded on the company's balance sheet. Investors also form their own opinion of NLIGHT's value that differs from its market value or its book value, called intrinsic value, which is NLIGHT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NLIGHT's market value can be influenced by many factors that don't directly affect NLIGHT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NLIGHT's value and its price as these two are different measures arrived at by different means. Investors typically determine if NLIGHT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NLIGHT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.