Stocks in Focus: nLIGHT, Inc. (LASR)

Company Profile:

nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was founded in 2000 and is headquartered in Vancouver, Washington.

Recent News:

On Sept. 11, 2018, the company announced the closing of its follow-on public offering of 5,175,000 shares of common stock at a price to the public of $26.50 per share, which includes the full exercise of the underwriters’ option to purchase 675,000 additional shares from nLIGHT.

The recent IPO ccompany reported earnings for the second quarter, topped Wall Street’s estimates. It earned an adjusted 14 cents a share on sales of $51.7 million in the June quarter.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

LASR’s strengths can be seen in its strong growth and strong profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, RSI stands at 41.54 with positive bias. We rate nLIGHT, Inc. (LASR) a STRONG BUY.

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