NASDAQ:LASR

nLIGHT (LASR) Stock Forecast, Price & News

$10.26

-0.04 (-0.39%)

(As of 09/22/2023 ET)

Compare

Today's Range: $10.26
▼
$10.47
50-Day Range: $10.20
▼
$15.08
52-Week Range: $8.22
▼
$15.91

Volume: 115,745 shs
Average Volume: 145,297 shs
Market Capitalization: $477.19 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $18.67

nLIGHT MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 81.9% Upside
$18.67 Price Target
Short Interest: Healthy
1.50% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.13
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.75) to ($0.67) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Computer And Technology Sector

277th out of 586 stocks

Semiconductors & Related Devices Industry

48th out of 86 stocks

3.3

Analyst's Opinion

Consensus Rating
nLIGHT has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.67, nLIGHT has a forecasted upside of 81.9% from its current price of $10.26.
Amount of Analyst Coverage
nLIGHT has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.50% of the outstanding shares of nLIGHT have been sold short.
Short Interest Ratio / Days to Cover
nLIGHT has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in nLIGHT has recently decreased by 8.35%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
nLIGHT does not currently pay a dividend.
Dividend Growth
nLIGHT does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LASR.

2.9

News and Social Media Coverage

News Sentiment
nLIGHT has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for nLIGHT this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, nLIGHT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.60% of the stock of nLIGHT is held by insiders.
Percentage Held by Institutions
84.58% of the stock of nLIGHT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for nLIGHT are expected to grow in the coming year, from ($0.75) to ($0.67) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of nLIGHT is -8.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of nLIGHT is -8.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
nLIGHT has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About nLIGHT (NASDAQ:LASR) Stock

nLIGHT, Inc. designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments, Laser Products and Advanced Development. The company also provides fiber amplifiers, and beam combination and control systems for use in high-energy laser systems in directed energy applications. It sells its products through direct sales force in the United States, China, South Korea, and European countries, as well as through various independent sales representatives and distributors in Asia, Europe, and South America. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington.

LASR Price History

30 days | 90 days | 365 days | Advanced Chart

LASR Stock News Headlines

September 19, 2023 | americanbankingnews.com

nLIGHT, Inc. (NASDAQ:LASR) Sees Significant Decrease in Short Interest

September 15, 2023 | tmcnet.com

nLIGHT Announces Upcoming Webinar for CL King's 21st Annual Best Ideas Conference

September 24, 2023 | Chaikin Analytics (Ad)

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September 15, 2023 | finance.yahoo.com

nLIGHT Announces Upcoming Webinar for CL King’s 21st Annual Best Ideas Conference

August 27, 2023 | finance.yahoo.com

We're Not Worried About nLIGHT's (NASDAQ:LASR) Cash Burn

August 10, 2023 | finance.yahoo.com

Does This Valuation Of nLIGHT, Inc. (NASDAQ:LASR) Imply Investors Are Overpaying?

August 8, 2023 | finance.yahoo.com

nLIGHT, Inc. (NASDAQ:LASR) Q2 2023 Earnings Call Transcript

August 5, 2023 | msn.com

Needham Reiterates nLIGHT (LASR) Buy Recommendation

September 24, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

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August 3, 2023 | seekingalpha.com

nLIGHT, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 3, 2023 | washingtonpost.com

NLight: Q2 Earnings Snapshot

August 3, 2023 | finance.yahoo.com

nLIGHT, Inc. Announces Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

NLight (LASR) Reports Q2 Loss, Tops Revenue Estimates

July 17, 2023 | finance.yahoo.com

nLIGHT, Inc. Announces Date for Second Quarter 2023 Earnings Release

June 16, 2023 | finance.yahoo.com

nLIGHT Announces Participation in 15th Annual CEO Investor Summit

June 6, 2023 | finance.yahoo.com

Should You Buy nLight (LASR) After Golden Cross?

May 14, 2023 | finance.yahoo.com

With 84% institutional ownership, nLIGHT, Inc. (NASDAQ:LASR) is a favorite amongst the big guns

May 9, 2023 | seekingalpha.com

nLIGHT, Inc. 2023 Q1 - Results - Earnings Call Presentation

May 8, 2023 | msn.com

Craig-Hallum Maintains nLIGHT (LASR) Hold Recommendation

May 4, 2023 | finance.yahoo.com

nLIGHT Awarded $86 Million Contract to Develop High Energy Laser

May 4, 2023 | finance.yahoo.com

nLIGHT, Inc. Announces First Quarter 2023 Results

April 26, 2023 | finance.yahoo.com

nLight (LASR) Upgraded to Buy: Here's What You Should Know

April 17, 2023 | finance.yahoo.com

nLIGHT, Inc. Announces Date for First Quarter 2023 Earnings Release

April 3, 2023 | finance.yahoo.com

The past year for nLIGHT (NASDAQ:LASR) investors has not been profitable

February 23, 2023 | finance.yahoo.com

nLIGHT, Inc. Announces Fourth Quarter and Full Year 2022 Results

January 23, 2023 | finance.yahoo.com

nLIGHT, Inc. Announces Date for Fourth Quarter 2022 Earnings Release

January 4, 2023 | finance.yahoo.com

nLIGHT Announces Participation in 25th Annual Needham Growth Conference

See More Headlines

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LASR Company Calendar

Last Earnings: 8/03/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:LASR
CUSIP: N/A
CIK: 1124796
Web: www.nlight.net
Phone: (360) 566-4460
Fax: N/A
Employees: 1,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $18.67
High Stock Price Forecast: $30.00
Low Stock Price Forecast: $11.00
Forecasted Upside/Downside: +81.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.15)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-54,580,000.00
Net Margins: -23.27%
Pretax Margin: -23.80%
Return on Equity: -17.10%
Return on Assets: -14.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.34
Quick Ratio: 4.54

Sales & Book Value

Annual Sales: $242.06 million
Price / Sales: 1.97
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $5.98 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 46,510,000
Free Float: 43,905,000
Market Cap: $477.19 million
Optionable: Optionable
Beta: 2.19

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Key Executives

Mr. Scott H. Keeney (Age 58)
Co-Founder, Chairman, Pres & CEO
Comp: $519.1k

Mr. Joseph Corso (Age 42)
Chief Financial Officer
Comp: $314.48k

Mr. Jason Farmer
Co-Founder

Mr. Chris Schechter
Chief Operating Officer

Mr. James Nias (Age 51)
VP, Corp. Controller & Chief Accounting Officer

Mr. Robert Martinsen (Age 61)
Chief Technology Officer

Julie Dimmick
VP, Gen. Counsel & Corp. Sec.

Ms. Kerry Hill
VP of HR & Treasury

Mr. Bill Willson
Managing Director of Fiber Division

Mr. Joseph V. DeBartolo
VP & Gen. Mang.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LASR Stock - Frequently Asked Questions

Should I buy or sell nLIGHT stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for nLIGHT in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LASR shares.
View LASR analyst ratings or view top-rated stocks.
What is nLIGHT's stock price forecast for 2023?: 3 brokerages have issued twelve-month price objectives for nLIGHT's shares. Their LASR share price forecasts range from $11.00 to $30.00. On average, they expect the company's stock price to reach $18.67 in the next year. This suggests a possible upside of 81.9% from the stock's current price.
View analysts price targets for LASR or view top-rated stocks among Wall Street analysts.
How have LASR shares performed in 2023?: nLIGHT's stock was trading at $10.14 at the beginning of the year. Since then, LASR shares have increased by 1.2% and is now trading at $10.26.
View the best growth stocks for 2023 here.
Are investors shorting nLIGHT?: nLIGHT saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 698,500 shares, a decrease of 8.3% from the August 15th total of 762,100 shares. Based on an average daily trading volume, of 187,100 shares, the days-to-cover ratio is currently 3.7 days.
View nLIGHT's Short Interest.
When is nLIGHT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our LASR earnings forecast.
How were nLIGHT's earnings last quarter?: nLIGHT, Inc. (NASDAQ:LASR) announced its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.04. The business earned $53.30 million during the quarter, compared to the consensus estimate of $52.37 million. nLIGHT had a negative trailing twelve-month return on equity of 17.10% and a negative net margin of 23.27%.
What ETF holds nLIGHT's stock ?: ProShares Nanotechnology ETF holds 1,877 shares of LASR stock, representing 0.88% of its portfolio.
What guidance has nLIGHT issued on next quarter's earnings?: nLIGHT updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $47.00 million-$51.00 million, compared to the consensus revenue estimate of $57.15 million.

What is Scott Keeney's approval rating as nLIGHT's CEO?: 19 employees have rated nLIGHT Chief Executive Officer Scott Keeney on Glassdoor.com. Scott Keeney has an approval rating of 59% among the company's employees. This puts Scott Keeney in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of nLIGHT own?: Based on aggregate information from My MarketBeat watchlists, some companies that other nLIGHT investors own include Advanced Micro Devices (AMD), Netflix (NFLX), AbbVie (ABBV), Intel (INTC), NVIDIA (NVDA), BioMarin Pharmaceutical (BMRN), Walt Disney (DIS), Gilead Sciences (GILD), Micron Technology (MU) and PayPal (PYPL).
When did nLIGHT IPO?: (LASR) raised $76 million in an initial public offering (IPO) on Thursday, April 26th 2018. The company issued 5,400,000 shares at $13.00-$15.00 per share. Stifel and Raymond James served as the underwriters for the IPO and Needham, Canaccord Genuity and D.A. Davidson were co-managers.
What is nLIGHT's stock symbol?: nLIGHT trades on the NASDAQ under the ticker symbol "LASR."
Who are nLIGHT's major shareholders?: nLIGHT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (7.65%), BlackRock Inc. (7.10%), Bank of New York Mellon Corp (4.55%), Royce & Associates LP (4.25%), Clearbridge Investments LLC (3.98%) and Pinnacle Associates Ltd. (3.14%). Insiders that own company stock include James Nias, Ran Bareket, Scott H Keeney and Scott H Keeney.
View institutional ownership trends.
How do I buy shares of nLIGHT?: Shares of LASR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is nLIGHT's stock price today?: One share of LASR stock can currently be purchased for approximately $10.26.
How much money does nLIGHT make?: nLIGHT (NASDAQ:LASR) has a market capitalization of $477.19 million and generates $242.06 million in revenue each year. The company earns $-54,580,000.00 in net income (profit) each year or ($1.15) on an earnings per share basis.
How many employees does nLIGHT have?: The company employs 1,100 workers across the globe.
How can I contact nLIGHT?: nLIGHT's mailing address is 5408 NORTHEAST 88TH STREET BUILDING E, VANCOUVER WA, 98665. The official website for the company is www.nlight.net. The company can be reached via phone at (360) 566-4460 or via email at jason.willey@nlight.net.

This page (NASDAQ:LASR) was last updated on 9/24/2023 by MarketBeat.com Staff

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