The stock of nLIGHT Inc. (NASDAQ:LASR) last traded at $11.15, unchanged from the previous session.
Data from the available sources indicates that nLIGHT Inc. (NASDAQ:LASR) is covered by 7 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $10.00, we find $17.00. Given the previous closing price of $11.15, this indicates a potential upside of 52.47 percent. LASR stock price is now 7.17% away from the 50-day moving average and -14.20% away from the 200-day moving average. The market capitalization of the company currently stands at $459.83M.
In total, 3 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $17.40 as their price target over the next twelve months.
On February 18, 2022, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $18, while ‘Stifel’ rates the stock as ‘Buy’.
In other news, Keeney Scott H, President and CEO sold 1,000 shares of the company’s stock on May 17. The stock was sold for $11,690 at an average price of $11.69. Upon completion of the transaction, the President and CEO now directly owns 969,521 shares in the company, valued at $10.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15, Chief Financial Officer Bareket Ran sold 10,000 shares of the business’s stock. A total of $194,900 was realized by selling the stock at an average price of $19.49. This leaves the insider owning 156,824 shares of the company worth $1.75 million. Insiders disposed of 199,331 shares of company stock worth roughly $2.22 million over the past 1 year. A total of 3.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LASR stock. A new stake in nLIGHT Inc. shares was purchased by NEUBERGER BERMAN GROUP LLC during the first quarter worth $8,015,000. AMERIPRISE FINANCIAL INC invested $3,837,000 in shares of LASR during the first quarter. In the first quarter, MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC acquired a new stake in nLIGHT Inc. valued at approximately $787,000. JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in LASR for approximately $686,000. SQUAREPOINT OPS LLC purchased a new stake in LASR valued at around $478,000 in the second quarter.
With an opening price of $9.94 on Tuesday morning, nLIGHT Inc. (NASDAQ: LASR) set off the trading day. During the past 12 months, nLIGHT Inc. has had a low of $8.22 and a high of $27.85. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.50, and a quick ratio of 4.40.
The net profit margin was -16.10% and return on equity was -13.80% for LASR. The company reported revenue of $60.09 million for the quarter, compared to $72.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.81 percent.