nLIGHT, Inc. (NASDAQ:LASR - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for nLIGHT in a research note issued to investors on Thursday, October 3rd. Cantor Fitzgerald analyst J. Siegler expects that the company will post earnings of ($1.02) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $15.50 price target on the stock. The consensus estimate for nLIGHT's current full-year earnings is ($0.96) per share.
nLIGHT (NASDAQ:LASR - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.03. nLIGHT had a negative net margin of 25.62% and a negative return on equity of 19.58%. The firm had revenue of $50.51 million during the quarter, compared to analyst estimates of $49.23 million. During the same quarter in the prior year, the business posted ($0.18) EPS. The business's revenue was down 5.2% compared to the same quarter last year.
A number of other brokerages also recently issued reports on LASR. Needham & Company LLC restated a "buy" rating and issued a $15.00 price objective on shares of nLIGHT in a research note on Monday, August 5th. Benchmark restated a "speculative buy" rating and set a $17.00 price target on shares of nLIGHT in a research report on Friday, August 2nd.
Check Out Our Latest Stock Report on nLIGHT
nLIGHT Stock Performance
NASDAQ:LASR traded up $0.03 on Monday, hitting $11.06. The stock had a trading volume of 312,434 shares, compared to its average volume of 216,925. nLIGHT has a 1 year low of $8.13 and a 1 year high of $15.00. The firm's fifty day simple moving average is $11.05 and its two-hundred day simple moving average is $11.75. The stock has a market cap of $526.07 million, a P/E ratio of -10.84 and a beta of 2.35.
Institutional Investors Weigh In On nLIGHT
Several institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC increased its stake in shares of nLIGHT by 15.0% in the first quarter. ProShare Advisors LLC now owns 11,518 shares of the company's stock worth $150,000 after purchasing an additional 1,503 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in nLIGHT by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company's stock valued at $172,000 after buying an additional 1,886 shares in the last quarter. SG Americas Securities LLC bought a new stake in nLIGHT during the 3rd quarter valued at $179,000. State Board of Administration of Florida Retirement System lifted its position in shares of nLIGHT by 9.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,913 shares of the company's stock worth $181,000 after acquiring an additional 1,220 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of nLIGHT in the second quarter worth $197,000. 83.88% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at nLIGHT
In other nLIGHT news, CFO Joseph John Corso sold 4,461 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total value of $51,033.84. Following the completion of the sale, the chief financial officer now directly owns 171,434 shares of the company's stock, valued at $1,961,204.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.10% of the stock is owned by company insiders.
nLIGHT Company Profile
(
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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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