nLIGHT, Inc. (NASDAQ:LASR – Get Free Report) CFO Joseph John Corso sold 4,461 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total transaction of $51,033.84. Following the completion of the sale, the chief financial officer now owns 171,434 shares of the company’s stock, valued at approximately $1,961,204.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
nLIGHT Trading Down 4.5 %
NASDAQ LASR opened at $10.50 on Friday. The stock has a market cap of $499.43 million, a PE ratio of -10.29 and a beta of 2.36. nLIGHT, Inc. has a 12 month low of $8.13 and a 12 month high of $15.00. The company’s 50-day moving average price is $11.53 and its 200-day moving average price is $12.09.
nLIGHT (NASDAQ:LASR – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.03. The business had revenue of $50.51 million for the quarter, compared to the consensus estimate of $49.23 million. nLIGHT had a negative net margin of 25.62% and a negative return on equity of 19.58%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) EPS. As a group, sell-side analysts forecast that nLIGHT, Inc. will post -0.96 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
LASR has been the subject of several analyst reports. Benchmark reissued a “speculative buy” rating and issued a $17.00 price objective on shares of nLIGHT in a research note on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of nLIGHT in a report on Monday, August 5th.
Get Our Latest Stock Analysis on LASR
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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