nLight (LASR) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: nLight (LASR) - nLight currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3][4]. - The stock has shown significant price increases, with a 57.17% rise over the past quarter and a 176.9% increase over the last year, outperforming the S&P 500's gains of 8.84% and 18.79% respectively [7]. Price Performance - Over the past week, nLight shares increased by 5.9%, while the Zacks Electronics - Semiconductors industry rose by 5.05%. The monthly price change for nLight is 5.71%, compared to the industry's 14.07% [6]. - The average 20-day trading volume for nLight is 856,572 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for nLight has increased, raising the consensus estimate from $0.04 to $0.06 for the full year. For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]. Conclusion - Given the positive momentum indicators and earnings outlook, nLight is positioned as a strong buy candidate for investors seeking short-term opportunities [12].