Lightwave Logic Inc (NASDAQ: LWLG) is -17.67% lower on its value in year-to-date trading and has touched a low of $3.79 and a high of $9.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LWLG stock was last observed hovering at around $4.09 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $4.10, the stock is -4.40% and -5.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 0.24% at the moment leaves the stock -19.60% off its SMA200. LWLG registered -12.58% loss for a year compared to 6-month loss of -15.64%.
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The stock witnessed a -0.49% gain in the last 1 month and extending the period to 3 months gives it a 3.27%, and is -1.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.37% over the week and 4.70% over the month.
Lightwave Logic Inc (LWLG) has around 33 employees, a market worth around $488.68M and $0.04M in sales. Profit margin for the company is -51943.19%. Distance from 52-week low is 8.18% and -55.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-53.67%).
The shares outstanding are 119.19M, and float is at 118.51M with Short Float at 16.79%.
Lightwave Logic Inc (LWLG) Insider Activity
The most recent transaction is an insider sale by LEONBERGER FREDERICK J, the company’s Director. SEC filings show that LEONBERGER FREDERICK J sold 75,000 shares of the company’s common stock on Dec 13 ’23 at a price of $4.67 per share for a total of $0.35 million. Following the sale, the insider now owns 0.18 million shares.
Lightwave Logic Inc disclosed in a document filed with the SEC on Dec 06 ’23 that Bucchi Ronald A (Director) sold a total of 27,000 shares of the company’s common stock. The trade occurred on Dec 06 ’23 and was made at $4.75 per share for $0.13 million. Following the transaction, the insider now directly holds 81749.0 shares of the LWLG stock.
Still, SEC filings show that on Jul 19 ’23, LEONBERGER FREDERICK J (Director) disposed off 49,000 shares at an average price of $7.75 for $0.38 million. The insider now directly holds 154,128 shares of Lightwave Logic Inc (LWLG).
