nLIGHT ( (LASR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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nLIGHT shares moved higher after investors latched onto management’s upbeat outlook for its directed-energy laser products and improving profitability. The company reported strong growth, record product margins, and a healthier cash position following a recent follow-on offering.
Those positives, along with progress on high-energy laser programs and the exit from lower-margin legacy cutting and welding lines, prompted Stifel to raise its price target on the stock. The broker’s more optimistic view added fresh momentum to nLIGHT’s rally.
More about nLIGHT
YTD Price Performance: 90.08%
Average Trading Volume: 1,746,062
Technical Sentiment Signal: Buy
Current Market Cap: $4.02B
For further insights into LASR stock on TipRanks’ Stock Analysis page.
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