LASR · NASDAQ · STOCK
nLIGHT (LASR) Stock Analysis
$38.48
52W $28.05 – $86.95
60/100
$2.17B
-154.4
2.37
Is LASR Bullish or Bearish?
Bullish.
Innellis AI committee rates nLIGHT, Inc. (LASR) Buy with a composite score of 60/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.21 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -4.79 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Risk Analyst sees a compelling case — low leverage (debt-to-equity 0.09) -- balance sheet can absorb a shock. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 43.2% YoY -- genuine top-line momentum — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.09) -- balance sheet can absorb a shock — Risk
Bear Case
- Price-to-book of 8.4x prices in significant intangible value — Value
- ROE of only -3.8% -- cheap may mean cheap for a reason — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- Trend and market structure agree -- coherent bearish picture — Technical
- Daily trend (downtrend) conflicts with the weekly trend (uptrend) -- fighting the larger trend — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
60/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 41%
of 287 Technology peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− Price-to-book of 8.4x prices in significant intangible value
Growth Analyst
bullish
67
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 43.2% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
46
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Risk Analyst
bullish
80
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.09) -- balance sheet can absorb a shock
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 59.8 to 59.8.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
37.4
Neutral
MACD Histogram
0.426
Bullish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$28.18
Resistance
$80.00
Bollinger %B
0.23
Inside Bands
Price vs Moving Averages
EMA 9
$39.34
Below
EMA 21
$40.38
Below
EMA 50
$45.79
Below
EMA 200
$51.72
Below
Fundamental Analysis
Valuation
82
Growth
69
Profitability
7
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
-154.4×
P/B Ratio
4.98×
PEG Ratio
-1.02
Dividend Yield
0.00%
52W High
$86.95
52W Low
$28.05
Quality & Growth
ROE
-1034.9%
ROA
-737.7%
Gross Margin
3152.4%
Operating Margin
-537.3%
Revenue Growth YoY
—
Debt / Equity
0.03
AI Fundamental Assessment
P/E ratio of -154.4 (inexpensive relative to a 15-40x range); Price-to-book of 5.0x; PEG ratio of -1.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -10.3%; Return on assets of -7.4%; Net margin of -4.0%; Gross margin of 31.5%; Current ratio of 8.17 (healthy short-term liquidity); Debt-to-equity of 0.03; Free cash flow per share is positive (0.87); Most recent quarter beat estimates by 18.2%; 4 consecutive earnings beats; EPS growth decelerating (+42.9% -> -15.0% QoQ); Analyst estimates rising over recent quarters
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