nLIGHT, Inc. (NASDAQ:LASR – Get Free Report) CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $11.20, for a total value of $168,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,347,781 shares of the company’s stock, valued at approximately $15,095,147.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
nLIGHT Stock Performance
Shares of NASDAQ:LASR opened at $10.78 on Wednesday. nLIGHT, Inc. has a fifty-two week low of $8.13 and a fifty-two week high of $15.00. The business has a 50-day simple moving average of $11.07 and a two-hundred day simple moving average of $11.63. The firm has a market cap of $512.75 million, a price-to-earnings ratio of -10.57 and a beta of 2.35.
nLIGHT (NASDAQ:LASR – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.03. The business had revenue of $50.51 million during the quarter, compared to the consensus estimate of $49.23 million. nLIGHT had a negative return on equity of 19.58% and a negative net margin of 25.62%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS. As a group, research analysts predict that nLIGHT, Inc. will post -0.98 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Cantor Fitzgerald assumed coverage on nLIGHT in a research report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of nLIGHT in a research report on Monday, August 5th. Finally, Benchmark reissued a “speculative buy” rating and issued a $17.00 target price on shares of nLIGHT in a research report on Friday, August 2nd.
Check Out Our Latest Stock Analysis on nLIGHT
nLIGHT Company Profile
nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.
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