The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. nLIGHT Inc shares valued at $34,209 were sold by Corso Joseph John on Mar 04 ’25. At $8.18 per share, Corso Joseph John sold 4,182 shares. The insider’s holdings dropped to 131,956 shares worth approximately $0.95 million following the completion of this transaction.
Also, Corso Joseph John sold 2,500 shares, netting a total of over 23,100 in proceeds. Following the sale of shares at $9.24 each, the insider now holds 136,138 shares.
Before that, Keeney Scott H had sold 53,511 shares from its account. In a trade valued at $437,185, the President and CEO traded nLIGHT Inc shares for $8.17 each. Upon closing the transaction, the insider’s holdings decreased to 53,511 shares, worth approximately $9.13 million.
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 2.56%. Over the course of the year, nLIGHT Inc shares have dropped approximately -31.36%. Shares of the company reached a 52-week high of $12.16 on 01/24/25 and a 52-week low of $6.20 on 04/04/25. A 50-day SMA is recorded $8.83, while a 200-day SMA reached $10.61.
Support And Resistance Levels for nLIGHT Inc (LASR)
According to the 24-hour chart, there is a support level at 6.98, which, if violated, would cause prices to drop to 6.76. In the upper region, resistance lies at 7.37. The next price resistance is at 7.54. RSI (Relative Strength Index) is 41.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 49.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
