nLight (NASDAQ:LASR) Sets New 52-Week High - What's Next?

Key Points

• nLight's stock price reached a new 52-week high of $33.57 during trading, closing at $33.36, with a volume of 134,747 shares traded.
• Analysts have mixed ratings for nLight, with two insisting on a Strong Buy, five on Buy, and one on Sell, while the average target price stands at $27.42.
• Recent transactions revealed company leaders, including CEO Scott H. Keeney, sold substantial shares, with over 374,980 shares being sold by insiders in the last ninety days.

nLight (NASDAQ:LASR - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $33.57 and last traded at $33.36, with a volume of 134747 shares traded. The stock had previously closed at $32.17.

Wall Street Analyst Weigh In

LASR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of nLight in a research note on Wednesday, October 8th. Needham & Company LLC boosted their price target on shares of nLight from $18.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. 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. Stifel Nicolaus boosted their price objective 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. Finally, Cantor Fitzgerald lifted their price target on shares of nLight from $27.50 to $33.50 and gave the company an "overweight" rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, nLight has an average rating of "Buy" and a consensus price target of $27.42.

nLight Stock Up 2.2%

The business's 50-day moving average price is $29.54 and its 200-day moving average price is $20.32. 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 firm has a market capitalization of $1.64 billion, a PE ratio of -34.58 and a beta of 2.48.

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

Insider Transactions at nLight

In related news, CEO Scott H. Keeney sold 62,507 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 2,319,038 shares of the company's stock, valued at approximately $71,866,987.62. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph John Corso sold 3,588 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.73, for a total transaction of $106,671.24. Following the completion of the transaction, the chief financial officer owned 265,418 shares in the company, valued at approximately $7,890,877.14. This trade represents a 1.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 374,980 shares of company stock valued at $10,650,501. 4.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On nLight

Several institutional investors and hedge funds have recently made changes to their positions in LASR. GAMMA Investing LLC grew its stake in nLight by 147.6% in the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company's stock valued at $31,000 after acquiring an additional 924 shares during the period. Osaic Holdings Inc. grew its position in nLight by 1,599.1% in the second quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock worth $36,000 after acquiring an additional 1,727 shares in the last quarter. Global Retirement Partners LLC purchased a new position in nLight in the 3rd quarter worth $49,000. Nisa Investment Advisors LLC boosted its position in nLight by 162.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company's stock valued at $54,000 after buying an additional 1,700 shares during the period. Finally, Militia Capital Partners LP bought a new stake in shares of nLight during the 2nd quarter valued at about $71,000. Institutional investors and hedge funds own 83.88% of the company's stock.

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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