nLight (NASDAQ:LASR) Sets New 12-Month High - Here's Why

Key Points

• nLight (NASDAQ:LASR) shares reached a new 52-week high of $30.05, closing at $29.38 with a trading volume of 136,940 shares.
• Analysts have upgraded their price targets for nLight, with estimates ranging from $24.00 to $28.00, reflecting a positive outlook on the company, which is rated as a Buy by several analysts.
• The company's latest quarterly earnings surpassed expectations, reporting a revenue of $61.74 million, marking a 22.2% year-over-year increase in revenue.

nLight (NASDAQ:LASR - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $30.05 and last traded at $29.38, with a volume of 136940 shares traded. The stock had previously closed at $29.15.

Analyst Upgrades and Downgrades

LASR has been the subject of several analyst reports. Benchmark boosted their target price on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a research note on Friday, August 8th. Needham & Company LLC upped their price target on shares of nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Craig Hallum reiterated a "buy" rating and issued a $24.00 target price (up from $14.00) on shares of nLight in a research note on Thursday, June 26th. Cantor Fitzgerald boosted their price target on shares of nLight from $14.00 to $27.50 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of nLight in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $26.42.

nLight Stock Performance

The stock's 50 day moving average price is $23.42 and its 200 day moving average price is $15.59. The company has a current ratio of 5.63, a quick ratio of 4.41 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -30.38 and a beta of 2.44.

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

Insider Activity at nLight

In related news, 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 value of $1,083,054.36. Following the completion of the transaction, the chief financial officer owned 273,118 shares of the company's stock, valued at approximately $7,726,508.22. This represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Scott H. Keeney sold 35,732 shares of nLight stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.29, for a total transaction of $1,010,858.28. Following the completion of the sale, the chief executive officer owned 2,513,734 shares of the company's stock, valued at approximately $71,113,534.86. This trade represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 382,144 shares of company stock worth $9,896,107 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of nLight by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,803 shares of the company's stock valued at $187,000 after buying an additional 2,888 shares during the last quarter. Northern Trust Corp grew its holdings in shares of nLight by 10.9% during the fourth quarter. Northern Trust Corp now owns 478,646 shares of the company's stock valued at $5,021,000 after purchasing an additional 46,881 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of nLight by 65.3% during the 4th quarter. BNP Paribas Financial Markets now owns 61,688 shares of the company's stock worth $647,000 after purchasing an additional 24,367 shares during the period. Bank of America Corp DE increased its position in nLight by 72.0% in the fourth quarter. Bank of America Corp DE now owns 209,644 shares of the company's stock worth $2,199,000 after buying an additional 87,788 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in shares of nLight by 34.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 424,856 shares of the company's stock worth $4,457,000 after acquiring an additional 109,075 shares during 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.

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