nLight (NASDAQ:LASR) Sets New 52-Week High - Time to Buy?

Key Points

• nLight shares reached a new 52-week high of $32.18, showing strong trading activity with a volume of 472,809 shares exchanged.
• Analysts remain optimistic, with several firms adjusting their price targets significantly, reflecting an average target of $27.42 and multiple "buy" ratings.
• The company's recent earnings report exceeded expectations, revealing a quarterly revenue of $61.74 million and an EPS of $0.06, marking a year-over-year revenue increase of 22.2%.

nLight (NASDAQ:LASR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $32.18 and last traded at $32.01, with a volume of 472809 shares trading hands. The stock had previously closed at $31.18.

Wall Street Analysts Forecast Growth

LASR has been the topic of a number of recent research reports. Cantor Fitzgerald upped their price target on shares of nLight from $27.50 to $33.50 and gave the company an "overweight" rating in a research note on Monday, September 15th. Craig Hallum reaffirmed a "buy" rating and set a $24.00 price target (up previously from $14.00) on shares of nLight in a research note on Thursday, June 26th. Stifel Nicolaus upped their price target on shares of nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of nLight from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of nLight in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $27.42.

nLight Trading Up 0.1%

The firm has a market cap of $1.58 billion, a PE ratio of -33.24 and a beta of 2.44. The company has a quick ratio of 4.41, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. The company's 50 day moving average price is $25.39 and its two-hundred day moving average price is $16.95.

nLight (NASDAQ:LASR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.15. The firm had revenue of $61.74 million for the quarter, compared to analysts' expectations of $55.24 million. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. The business's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) earnings per share. nLight has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that nLight will post -1.1 EPS for the current year.

Insider Transactions at nLight

In other news, CEO Scott H. Keeney sold 62,507 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $30.99, for a total value of $1,937,091.93. Following the transaction, the chief executive officer directly owned 2,319,038 shares in the company, valued at approximately $71,866,987.62. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joseph John Corso sold 38,284 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the transaction, the chief financial officer owned 273,118 shares in the company, valued at approximately $7,726,508.22. The trade was a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 408,662 shares of company stock worth $11,308,311. Company insiders own 6.10% of the company's stock.

Institutional Trading of nLight

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of nLight by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company's stock valued at $28,495,000 after buying an additional 74,163 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of nLight by 5.4% in the 1st quarter. Royce & Associates LP now owns 3,034,044 shares of the company's stock valued at $23,575,000 after buying an additional 156,285 shares in the last quarter. Harvey Partners LLC boosted its holdings in shares of nLight by 1.7% in the 2nd quarter. Harvey Partners LLC now owns 2,107,348 shares of the company's stock valued at $41,473,000 after buying an additional 34,348 shares in the last quarter. AWM Investment Company Inc. boosted its holdings in shares of nLight by 1.9% in the 2nd quarter. AWM Investment Company Inc. now owns 1,344,917 shares of the company's stock valued at $26,468,000 after buying an additional 25,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of nLight by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,215,479 shares of the company's stock valued at $23,925,000 after buying an additional 68,436 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

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.