In yesterday’s Wall Street session, nLIGHT Inc (NASDAQ:LASR) shares traded at $11.32, down -0.18% from the previous session.
LASR stock price is now 1.07% away from the 50-day moving average and -1.93% away from the 200-day moving average. The market capitalization of the company currently stands at $548.22M.
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With the price target of $15.50, Cantor Fitzgerald recently initiated with Overweight rating for nLIGHT Inc (NASDAQ: LASR). On November 28, 2023, The Benchmark Company Upgraded its previous ‘Hold’ rating to ‘Speculative Buy’ on the stock keeping its target price maintained at $17, while ‘Needham’ rates the stock as ‘Buy’
In other news, Keeney Scott H, President and CEO sold 15,000 shares of the company’s stock on Dec 23 ’24. The stock was sold for $149,250 at an average price of $9.95. Upon completion of the transaction, the President and CEO now directly owns 1,340,146 shares in the company, valued at $15.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 24 ’24, President and CEO Keeney Scott H sold 12,013 shares of the business’s stock. A total of $119,649 was realized by selling the stock at an average price of $9.96. This leaves the insider owning 1,340,146 shares of the company worth $15.17 million. A total of 5.40% of the company’s stock is owned by insiders.
During the past 12 months, nLIGHT Inc has had a low of $9.64 and a high of $14.75. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 5.83, and a quick ratio of 4.48. The fifty day moving average price for LASR is $11.1808 and a two-hundred day moving average price translates $11.549525 for the stock.
The latest earnings results from nLIGHT Inc (NASDAQ: LASR) was released for 2024-09-30. The net profit margin was -24.16% and return on equity was -19.83% for LASR. The company reported revenue of $56.13 million for the quarter, compared to $50.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.85 percent.
