NeoPhotonics Corporation (NPTN) has risen sharply, recording gains of 4.21% in the past 4 weeks. However, the stock has corrected -0.91% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.77% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.97% and the 50-Day Moving Average is 8.59%.The 200 Day SMA reached 39.92%
NeoPhotonics Corporation (NYSE:NPTN): After opening at $16.52, the stock dipped to an intraday low of $16 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.62 and the buying power remained strong till the end. The stock closed at $16.34 for the day, a gain of 0.25% for the day session. The total traded volume was 1,317,175. The stocks close on the previous trading day was $16.34.
NeoPhotonics Corporation (NPTN) : The most positive equity analysts on NeoPhotonics Corporation (NPTN) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $13 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $18.29 with an expected fluctuation of $3.69 from the mean.
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.