NASDAQ:LASRNlight Stock Price, Forecast & News

Nlight's stock was trading at $12.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LASR shares have increased by 75.9% and is now trading at $21.50. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nlight in the last year. There are currently 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nlight.

Nlight is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Nlight.

Nlight Inc (NASDAQ:LASR) issued its quarterly earnings data on Wednesday, May, 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.16) by $0.08. The company earned $43.22 billion during the quarter, compared to analyst estimates of $39.46 million. Nlight had a negative return on equity of 6.30% and a negative net margin of 10.74%. The company's revenue was up 103134.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 EPS. View Nlight's earnings history.

Nlight updated its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $45-51 million, compared to the consensus revenue estimate of $45.17 million.

6 brokers have issued 12 month price objectives for Nlight's shares. Their forecasts range from $20.00 to $25.00. On average, they expect Nlight's stock price to reach $22.83 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price. View analysts' price targets for Nlight.

News headlines about LASR stock have been trending very negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Nlight earned a media sentiment score of -3.4 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutNlight.

Nlight saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,750,000 shares, an increase of 5.4% from the April 30th total of 1,660,000 shares. Based on an average daily volume of 346,600 shares, the short-interest ratio is presently 5.0 days. Approximately 5.2% of the company's shares are short sold. View Nlight's Current Options Chain.

Some companies that are related to Nlight include BE Semiconductor Industrs (BESIY), Dialog Semiconductor (DLGNF), Acacia Communications (ACIA), Amkor Technology (AMKR), Viavi Solutions (VIAV), Diodes (DIOD), AU Optronics (AUOTY), AU Optronics (AUO), Tower Semiconductor (TSEM), Synaptics (SYNA), MACOM Technology Solutions (MTSI), Ambarella (AMBA), FormFactor (FORM), Rambus (RMBS) and Silicon Motion Technology (SIMO). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nlight investors own include Netflix (NFLX), Advanced Micro Devices (AMD), Intel (INTC), Walt Disney (DIS), Micron Technology (MU), Paypal (PYPL), Sangamo Therapeutics (SGMO), AbbVie (ABBV), Alibaba Group (BABA) and Baidu (BIDU).

(LASR) raised $76 million in an 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.

Nlight trades on the NASDAQ under the ticker symbol "LASR."

Nlight's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (8.14%), BlackRock Inc. (5.77%), Clearbridge Investments LLC (5.58%), Massachusetts Financial Services Co. MA (3.73%), Wasatch Advisors Inc. (3.60%) and Jennison Associates LLC (3.09%). Company insiders that own Nlight stock include Bandel L Carano, David D Osborne, Mv Management Ix Llc, Ran Bareket, Robert Martinsen, Scott H Keeney and Sixth Mdv Partners, LLC. View institutional ownership trends for Nlight.

LASR stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Waddell & Reed Financial Inc., Clearbridge Investments LLC, Bank of New York Mellon Corp, Pinnacle Associates Ltd., First Washington CORP, Morgan Stanley, and Fred Alger Management LLC. Company insiders that have sold Nlight company stock in the last year include Ran Bareket, Robert Martinsen, and Scott H Keeney. View insider buying and selling activity for Nlight.

LASR stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Penn Capital Management Co. Inc., Ranger Investment Management L.P., Russell Investments Group Ltd., Phoenix Holdings Ltd., Needham Investment Management LLC, JPMorgan Chase & Co., and TimesSquare Capital Management LLC. View insider buying and selling activity for Nlight.

Shares of LASR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LASR stock can currently be purchased for approximately $21.50.

Nlight has a market capitalization of $827.54 million and generates $176.62 million in revenue each year. The company earns $-12,880,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis. Nlight employs 1,100 workers across the globe.

The official website for Nlight is www.nlight.net.

Nlight's mailing address is 5408 NORTHEAST 88TH STREET BUILDING E, VANCOUVER WA, 98665. The company can be reached via phone at 360-566-4460 or via email at [email protected]