Last Updated: 17 Sep 2024
Executive Summary
nLIGHT Inc. (LASR) is a leading provider of fiber and semiconductor lasers for industrial, microfabrication, aerospace and defense applications. The company has a market capitalization of $524.57 million and trades on the NASDAQ exchange. The latest stock price is $10.69.
nLIGHT reported a loss per share of $1.08 in the latest quarter, on revenue of $197.56 million. The company's revenue declined by 5.2% year-over-year. nLIGHT is facing challenges from the global economic slowdown and the ongoing trade war between the United States and China.
Company Overview
nLIGHT was founded in 2000 and is headquartered in Vancouver, Washington. The company has operations in the United States, Europe, and Asia. nLIGHT's products are used in a variety of applications, including laser cutting, welding, microfabrication, and telecommunications.
Fundamental Analysis
nLIGHT's financial performance has been mixed in recent years. The company has reported losses in each of the past four quarters. However, nLIGHT's revenue has grown steadily over the past five years. The company's gross profit margin has also improved in recent quarters.
nLIGHT's balance sheet is strong. The company has $145.5 million in cash and equivalents and no debt. nLIGHT's book value is $4.98 per share.
Technical Analysis
nLIGHT's stock price has been in a downtrend since early 2022. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
nLIGHT's stock price is likely to remain under pressure in the short term. The company is facing challenges from the global economic slowdown and the ongoing trade war between the United States and China. nLIGHT's stock price could fall to $10 or below in the coming weeks.
Long Term Outlook
nLIGHT's long-term outlook is more positive. The company is a leader in the fiber and semiconductor laser market. nLIGHT's products are used in a variety of applications, which should drive growth in the coming years. The company's strong balance sheet also gives it the financial flexibility to invest in new products and technologies.
Analyst Recommendations
The majority of analysts have a hold rating on nLIGHT's stock. The average analyst price target is $15.80.
