Nlight Inc Stock Price on October 2, 2023
| LASR Stock | USD 10.71 0.41 3.69% |
If you're considering investing in NLIGHT Stock, it is important to understand the factors that can impact its price. As of today, the current price of NLIGHT stands at 10.71, as last reported on the 14th of November 2024, with the highest price reaching 11.17 and the lowest price hitting 10.69 during the day. Currently, nLIGHT Inc is slightly risky. nLIGHT Inc has Sharpe Ratio of 0.0021, which conveys that the firm had a 0.0021% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NLIGHT, which you can use to evaluate the volatility of the firm. Please verify NLIGHT's downside deviation of 4.78, and Risk Adjusted Performance of 0.0189 to check out if the risk estimate we provide is consistent with the expected return of 0.0113%.
NLIGHT Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NLIGHT |
Sharpe Ratio = 0.0021
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Estimated Market Risk
| 5.39 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.01 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.
NLIGHT Valuation on October 2, 2023
It is possible to determine the worth of NLIGHT on a given historical date. On October 2, 2023 NLIGHT was worth 10.33 at the beginning of the trading date compared to the closed value of 10.31. 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 | |
| 10.45 | 10.54 | 10.30 | 10.40 | 202,328 | |
10/02/2023 | 10.33 | 10.46 | 10.19 | 10.31 | 128,497 |
| 10.26 | 10.51 | 10.10 | 10.15 | 189,454 |
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NLIGHT Trading Date Momentum on October 2, 2023
| On October 03 2023 nLIGHT Inc was traded for 10.15 at the closing time. The top price for the day was 10.51 and the lowest listed price was 10.10 . The trading volume for the day was 189.5 K. The trading history from October 3, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.55% . The trading date delta against the current closing price is 3.98% . |
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
nLIGHT, Inc. designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington. Nlight operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 1300 people.
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 | November 14, 2024
| High |
0.00 | 0.00 |
nLIGHT Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NLIGHT November 14, 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 | 0.0189 | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.94) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0268 |
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Additional 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.