nLIGHT Inc (NASDAQ:LASR)’s traded shares stood at 0.33 million during the last session, with the company’s beta value hitting 1.93. At the close of trading, the stock’s price was $8.47, to imply an increase of 6.41% or $0.51 in intraday trading. The LASR share’s 52-week high remains $14.73, putting it -73.91% down since that peak but still an impressive 26.8% since price per share fell to its 52-week low of $6.20. The company has a valuation of $418.74M, with an average of 0.24 million shares in intraday trading volume over the past 10 days and average of 361.19K shares over the past 3 months.
Analysts have given a consensus recommendation of Strong Buy for nLIGHT Inc (LASR), translating to a mean rating of 1.75. Of 4 analyst(s) looking at the stock, 1 analyst(s) give LASR a Sell rating. 1 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.19.
nLIGHT Inc (NASDAQ:LASR) trade information
After registering a 6.41% upside in the last session, nLIGHT Inc (LASR) has traded red over the past five days. The 5-day price performance for the stock is 8.31%, and 4.83% over 30 days. With these gigs, the year-to-date price performance is -19.26%. Short interest in nLIGHT Inc (NASDAQ:LASR) saw shorts transact 2.04 million shares and set a 5.26 days time to cover.
nLIGHT Inc (LASR) estimates and forecasts
The rating firms project that company’s revenue will grow 4.81% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 47.31M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 50.16M.Earnings reports from the last fiscal year show that sales brought in 44.53M and 50.51M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.25% before dropping -0.70% in the following quarter.
LASR Dividends
nLIGHT Inc has its next earnings report out on 2025-Feb-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
nLIGHT Inc (NASDAQ:LASR)’s Major holders
nLIGHT Inc insiders hold 4.16% of total outstanding shares, with institutional holders owning 83.37% of the shares at 86.99% float percentage. In total, 83.37% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 5.15 million shares (or 10.7969% of shares), all amounting to roughly $56.24 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 3.56 million shares, or about 7.4732% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $38.93 million.
We also have Needham Funds Inc-Needham Aggressive Growth Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the nLIGHT Inc (LASR) shares. Going by data provided on Dec 31, 2024 , Needham Funds Inc-Needham Aggressive Growth Fund holds roughly 1.68 shares. This is just over 3.40% of the total shares, with a market valuation of $14.24 million. Data from the same date shows that the other fund manager holds a little less at 1.43, or 2.89% of the shares, all valued at about 12.09 million.
