nLIGHT Inc (NASDAQ: LASR) is 7.91% higher on its value in year-to-date trading and has touched a low of $9.64 and a high of $14.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LASR stock was last observed hovering at around $11.34 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $11.32, the stock is 6.12% and 1.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing -0.18% at the moment leaves the stock -1.93% off its SMA200. LASR registered -12.86% loss for a year compared to 6-month gain of 2.82%. The firm has a 50-day simple moving average (SMA 50) of $11.1808 and a 200-day simple moving average (SMA200) of $11.549525.
The stock witnessed a 2.82% gain in the last 1 month and extending the period to 3 months gives it a 1.62%, and is 7.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.40% over the week and 5.22% over the month.
nLIGHT Inc (LASR) has around 930 employees, a market worth around $548.22M and $203.06M in sales. Profit margin for the company is -24.16%. Distance from 52-week low is 17.43% and -23.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.00%).
The EPS is expected to shrink by -62.38% this year
227.0 institutions hold shares in nLIGHT Inc (LASR), with institutional investors hold 90.32% of the company’s shares. The shares outstanding are 48.34M, and float is at 45.81M with Short Float at 2.28%. Institutions hold 86.43% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.15 million shares valued at $56.24 million. The investor’s holdings represent 10.892 of the LASR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.56 million shares valued at $38.93 million to account for 7.539 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 3.2 million shares representing 6.7179 and valued at over $34.99 million, while ROYCE & ASSOCIATES LP holds 5.3044 of the shares totaling 2.51 million with a market value of $27.39 million.
nLIGHT Inc (LASR) Insider Activity
The most recent transaction is an insider sale by Keeney Scott H, the company’s President and CEO. SEC filings show that Keeney Scott H sold 15,000 shares of the company’s common stock on Dec 23 ’24 at a price of $9.95 per share for a total of $0.15 million. Following the sale, the insider now owns 1.34 million shares.
nLIGHT Inc disclosed in a document filed with the SEC on Dec 24 ’24 that Keeney Scott H (President and CEO) sold a total of 12,013 shares of the company’s common stock. The trade occurred on Dec 24 ’24 and was made at $9.96 per share for $0.12 million. Following the transaction, the insider now directly holds 1.34 million shares of the LASR stock.
Still, SEC filings show that on Dec 24 ’24, Keeney Scott H (Officer) Proposed Sale 12,013 shares at an average price of $9.96 for $0.12 million. The insider now directly holds shares of nLIGHT Inc (LASR).
