Nlight, Inc. Common Stock | LASR

Daily Technical Analysis of Nlight, Inc. Common Stock

Geez, brutal day for Nlight, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value. It looks like LASR may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. Nlight hasn't been that impressive in terms of its 3 month momentum, it has been breaking down lower so we'll see if it can turn things around and move up from here.

If we get a reversal off of support and Nlight starts moving up, it can probably get to $12.05 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Nlight By Price Target And Rating

The analysts are pretty neutral on nLIGHT right now, so not much useful information here. The current Analysts Sentiment Score is 1.91. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Needham & Company LLC dropped their price target by -6.25% to $15.00 on 2024-05-03. On 2024-05-03 there was confirmation of the previous rating by Benchmark which was Speculative Buy and provided a price target of $17.00. On 2023-06-01 CL King started covering nLIGHT with a rating of Neutral. On 2023-05-05 Craig Hallum increased their price target by 10% to $11.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for nLIGHT

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for nLIGHT

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.