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nLIGHT Inc (NASDAQ: LASR) closed the day trading at $9.88 down -2.27% from the previous closing price of $10.11. In other words, the price has decreased by -$2.27 from its previous closing price. On the day, 0.6 million shares were traded. LASR stock price reached its highest trading level at $10.39 during the session, while it also had its lowest trading level at $9.665.
Ratios:
For a better understanding of LASR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.48 and its Current Ratio is at 5.83. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on October 03, 2024, initiated with a Overweight rating and assigned the stock a target price of $15.50.
On November 28, 2023, The Benchmark Company Upgraded its rating to Speculative Buy which previously was Hold but kept the price unchanged to $17.
Needham reiterated its Buy rating for the stock on November 28, 2023, while the target price for the stock was revised from $15 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 12 ’24 when Keeney Scott H sold 15,000 shares for $11.19 per share. The transaction valued at 167,850 led to the insider holds 1,340,146 shares of the business.
Keeney Scott H sold 12,012 shares of LASR for $131,171 on Dec 13 ’24. The President and CEO now owns 1,340,146 shares after completing the transaction at $10.92 per share. On Dec 13 ’24, another insider, Keeney Scott H, who serves as the Officer of the company, bought 12,012 shares for $10.92 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LASR now has a Market Capitalization of 478482464 and an Enterprise Value of 395556800. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.36 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 1.948 whereas that against EBITDA is -11.008.
Stock Price History:
Over the past 52 weeks, LASR has reached a high of $14.75, while it has fallen to a 52-week low of $9.80. The 50-Day Moving Average of the stock is -12.58%, while the 200-Day Moving Average is calculated to be -15.34%.
Shares Statistics:
Over the past 3-months, LASR traded about 389.63K shares per day on average, while over the past 10 days, LASR traded about 348200 shares per day. A total of 48.34M shares are outstanding, with a floating share count of 45.81M. Insiders hold about 5.41% of the company’s shares, while institutions hold 82.30% stake in the company. Shares short for LASR as of 1732838400 were 1059763 with a Short Ratio of 2.72, compared to 1730332800 on 932232. Therefore, it implies a Short% of Shares Outstanding of 1059763 and a Short% of Float of 2.56.
