Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of nLIGHT Inc (NASDAQ: LASR) was $11.24 for the day, down -5.11% from the previous closing price of $11.85. In other words, the price has decreased by -$5.11 from its previous closing price. On the day, 0.59 million shares were traded. LASR stock price reached its highest trading level at $11.81 during the session, while it also had its lowest trading level at $10.59.
Ratios:
Our analysis of LASR’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 23 ’24 when Keeney Scott H sold 15,000 shares for $9.95 per share. The transaction valued at 149,250 led to the insider holds 1,340,146 shares of the business.
Keeney Scott H sold 12,013 shares of LASR for $119,649 on Dec 24 ’24. The President and CEO now owns 1,340,146 shares after completing the transaction at $9.96 per share. On Dec 24 ’24, another insider, Keeney Scott H, who serves as the Officer of the company, bought 12,013 shares for $9.96 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 544588608 and an Enterprise Value of 479823872. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.68 while its Price-to-Book (P/B) ratio in mrq is 2.31. Its current Enterprise Value per Revenue stands at 2.363 whereas that against EBITDA is -13.354.
Stock Price History:
The Beta on a monthly basis for LASR is 2.19, which has changed by -0.10498488 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, LASR has reached a high of $14.75, while it has fallen to a 52-week low of $9.15. The 50-Day Moving Average of the stock is 3.54%, while the 200-Day Moving Average is calculated to be -1.91%.
Shares Statistics:
LASR traded an average of 453.42K shares per day over the past three months and 530170 shares per day over the past ten days. A total of 48.34M shares are outstanding, with a floating share count of 45.80M. Insiders hold about 5.44% of the company’s shares, while institutions hold 85.04% stake in the company. Shares short for LASR as of 1735603200 were 991765 with a Short Ratio of 2.19, compared to 1732838400 on 1059763. Therefore, it implies a Short% of Shares Outstanding of 991765 and a Short% of Float of 2.4.
