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Lightwave Logic Inc (LWLG) Stock Could Soon Reward Patient Investors

Lightwave Logic Inc (NASDAQ: LWLG) is -45.38% lower on its value in year-to-date trading and has touched a low of $2.54 and a high of $9.10 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 $2.54 in the last trading session, with the day’s gains setting it 0.18%.

Currently trading at $2.72, the stock is -20.40% and -28.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 7.09% at the moment leaves the stock -39.56% off its SMA200. LWLG registered -69.09% loss for a year compared to 6-month loss of -42.13%.

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The stock witnessed a -32.84% gain in the last 1 month and extending the period to 3 months gives it a -35.24%, and is -12.54% 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 9.04% over the week and 8.04% over the month.

Lightwave Logic Inc (LWLG) has around 33 employees, a market worth around $326.64M and $0.07M in sales. Profit margin for the company is -29952.38%. Distance from 52-week low is 7.30% and -70.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-53.20%).


Lightwave Logic Inc (LWLG) Top Institutional Holders

The shares outstanding are 120.09M, and float is at 119.41M with Short Float at 17.27%.

Lightwave Logic Inc (LWLG) Insider Activity

The most recent transaction is an insider sale by LEONBERGER FREDERICK J,the company’sDirector. 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).

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