nLIGHT, Inc. (NASDAQ:LASR) reported change of -1.56% to $27.11 with the recent traded volume of 333860 shares in most recent trading session compared to an average volume of 333.66K. The stock was down over last five days period with -3.14%. The one month performance of stock was -20.96%. LASR shares are at -28.86% for the quarter and driving a – return over the course of the past year and is now at 0.59% since this point in 2018.
nLIGHT, Inc. (NASDAQ:LASR) announced the closing of its follow-on public offering of 5,175,000 shares of common stock at a price to the public of $26.50 per share, which includes the full exercise of the underwriters’ option to purchase 675,000 additional shares from nLIGHT. The number of shares sold in the offering included 3,654,763 shares sold by certain selling stockholders and 1,520,237 shares sold by nLIGHT. The company estimates net proceeds to nLIGHT from the offering to be approximately $37.9 million, after deducting underwriting discounts and commissions and estimated offering expenses. In connection with the offering, the underwriters were granted a 30-day option to purchase up to an additional 675,000 shares of common stock at the public offering price, which the underwriters exercised in full. nLIGHT did not receive any proceeds from the sale of the shares by the selling stockholders. nLIGHT intends to use the net proceeds from the offering for working capital, capital expenditures and other general corporate purposes.
Stifel and Raymond James acted as lead book-running managers for the offering. Needham & Company, Canaccord Genuity and D.A. Davidson & Co. acted as co-managers for the offering.
The Company made $6.60 sales for the last 12 months. Its quarter to quarter sales remained 49.00% and sales observed at – over past 5 years. LASR is -18.64% upward its 200-day moving average. On a similar note, the stock is -17.97% above its 50-day moving average. The average volatility for the week and month was at 5.00% 5.70% respectively. The company holds 35.28M shares outstanding and 31.10M shares are floated in market.
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