nLIGHT, Inc. (NASDAQ:LASR – Get Free Report) CEO Scott H. Keeney sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $11.20, for a total value of $168,000.00. Following the transaction, the chief executive officer now owns 1,347,781 shares in the company, valued at $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 can be accessed through this link.
nLIGHT Price Performance
Shares of NASDAQ LASR opened at $11.10 on Tuesday. The company has a market cap of $527.97 million, a PE ratio of -10.88 and a beta of 2.35. The stock has a fifty day moving average price of $11.07 and a 200 day moving average price of $11.65. nLIGHT, Inc. has a 1-year low of $8.13 and a 1-year high of $15.00.
nLIGHT (NASDAQ:LASR – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.03. nLIGHT had a negative net margin of 25.62% and a negative return on equity of 19.58%. The company had revenue of $50.51 million during the quarter, compared to analysts’ expectations of $49.23 million. During the same quarter last year, the business earned ($0.18) EPS. The business’s revenue was down 5.2% on a year-over-year basis. Analysts anticipate that nLIGHT, Inc. will post -0.98 earnings per share for the current fiscal year.
Hedge Funds Weigh In On nLIGHT
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on LASR shares. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of nLIGHT in a research report on Monday, August 5th. Benchmark reissued a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a research report on Friday, August 2nd. Finally, Cantor Fitzgerald initiated coverage on shares of nLIGHT in a report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price for the company.
View Our Latest Stock Analysis on LASR
About nLIGHT
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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