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Joseph John Corso, the Chief Financial Officer of nLIGHT, Inc. (NASDAQ:LASR), recently executed a series of transactions involving the company’s stock. According to a recent SEC filing, Corso sold a total of 6,682 shares over two days, netting approximately $57,308. The sales were conducted at prices ranging from $8.18 to $9.24 per share. The transaction comes as the company, currently valued at $443 million, trades near $9.06, within its 52-week range of $7.94 to $14.72. InvestingPro analysis shows the stock has experienced significant volatility, with a beta of 2.29.
The transactions were part of a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks. Following these sales, Corso holds 131,956 shares, which include both common stock and unvested restricted stock units. According to InvestingPro data, nLIGHT maintains strong liquidity with a current ratio of 5.67, though its overall financial health score indicates some challenges. Subscribers can access 6 additional ProTips and comprehensive financial analysis in the Pro Research Report.
Additionally, 10,506 shares were withheld to cover tax liabilities related to the vesting of restricted stock units. These shares were not sold or issued to Corso.
In other recent news, nLIGHT Inc . reported its fourth-quarter 2024 earnings, revealing a notable miss on both earnings per share and revenue compared to analyst expectations. The company’s EPS was -$0.30, falling short of the forecasted -$0.06, while revenue came in at $47.38 million, below the projected $59.97 million. This decline was partly due to ongoing challenges in industrial markets and execution issues in microfabrication. Despite these setbacks, the Aerospace and Defense (A&D) segment showed resilience, growing by 20% year-over-year. Analyst firms such as Benchmark, Craig-Hallum, and Cantor Fitzgerald have adjusted their price targets for nLIGHT, with Benchmark setting it at $15, Craig-Hallum at $11, and Cantor Fitzgerald at $14, all while maintaining varied ratings from Speculative Buy to Hold and Overweight. Craig-Hallum noted the strong performance of nLIGHT’s A&D segment, with a 55% increase in backlog, suggesting potential for future growth. However, the company’s reliance on commercial markets, which have been declining, remains a concern. Looking forward, nLIGHT expects a 25% growth in the A&D sector for 2025, driven by a robust backlog and ongoing defense initiatives.
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