Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. nLIGHT Inc shares valued at $149,250 were sold by Keeney Scott H on Dec 23 ’24. At $9.95 per share, Keeney Scott H sold 15,000 shares. The insider’s holdings dropped to 1,340,146 shares worth approximately $14.06 million following the completion of this transaction.
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Also, Keeney Scott H sold 12,013 shares, netting a total of over 119,649 in proceeds. Following the sale of shares at $9.96 each, the insider now holds 1,340,146 shares.
Before that, Keeney Scott H had added 12,013 shares to its account. In a trade valued at $119,687, the Officer bought nLIGHT Inc shares for $9.96 each.
As published in their initiating research note from Cantor Fitzgerald on October 03, 2024, nLIGHT Inc [LASR] has been an Overweight and the price target has been revised to $15.50. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Speculative buy”‘ outlook in a report released in late November. As of November 28, 2023, Needham has reiterated its “Buy” rating for LASR. Earlier on June 01, 2023, CL King initiated its rating. Their recommendation was “a Neutral” for LASR stock.
Analyzing LASR Stock Performance
During the last five days, there has been a surge of approximately 5.53%. Over the course of the year, nLIGHT Inc shares have dropped approximately -22.30%. Shares of the company reached a 52-week high of $14.75 on 02/16/24 and a 52-week low of $9.64 on 12/20/24. A 50-day SMA is recorded $11.16, while a 200-day SMA reached $11.58. Nevertheless, trading volume fell to 0.6 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for nLIGHT Inc (LASR)
According to the 24-hour chart, there is a support level at 10.23, which, if violated, would cause prices to drop to 9.98. In the upper region, resistance lies at 10.64. The next price resistance is at 10.80. RSI (Relative Strength Index) is 47.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 56.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
