NeoPhotonics Corporation (NPTN) : Traders are bullish on NeoPhotonics Corporation (NPTN) as it has outperformed the S&P 500 by a wide margin of 16.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.92% in the last 1 week, and is up 14.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 12.67% and the 50-Day Moving Average is 30.61%.The 200 Day SMA reached 58.38% NeoPhotonics Corporation is up 97.25% in the last 3-month period. Year-to-Date the stock performance stands at 65.29%.
NeoPhotonics Corporation (NPTN) : 6 Wall Street analysts covering NeoPhotonics Corporation (NPTN) believe that the average level the stock could reach for the short term is $18.29. The maximum price target given is $22 and the minimum target for short term is around $13, hence the standard deviation is calculated at $3.69.
For the current week, the company shares have a recommendation consensus of Buy. NeoPhotonics Corporation (NYSE:NPTN): stock was range-bound between the intraday low of $17.69 and the intraday high of $18.35 after having opened at $18.17 on Fridays session. The stock finally closed in the red at $18.17, a loss of -0.50%. The stock remained in the red for the whole trading day. The total traded volume was 1,304,895 shares. The stock failed to cross $18.35 in Fridays trading. The stocks closing price on Thursday was $17.95.
NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company produces photonic integrated circuits (PICs) that comprise both arrayed and individual photonic functional elements using optimized materials systems and processes from its in-house Silicon, Indium Phosphide and Gallium Arsenide wafer fabrication. These individual PICs from different materials are then combined using hybrid integration technology to make complete products, such as its Integrated Coherent Receiver (ICR) for 100G coherent transport applications. The Companys customers include Alcatel-Lucent SA, Ciena Corporation, Cisco Systems, Inc., and Huawei Technologies Co., Ltd. Its products are categorized into groups, including High Speed Products and Network Products and Solutions. The high speed 100G and beyond products are based on its Advanced Hybrid Photonic Integration technology.