Lightwave Logic Inc (NASDAQ: LWLG) is -21.49% lower on its value in year-to-date trading and has touched a low of $2.43 and a high of $5.69 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 $3.34 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $3.91, the stock is 34.16% and 39.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.07 million and changing 17.07% at the moment leaves the stock 8.40% off its SMA200. LWLG registered -19.55% loss for a year compared to 6-month loss of -4.63%. The firm has a 50-day simple moving average (SMA 50) of $2.7962 and a 200-day simple moving average (SMA200) of $3.6071.
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The stock witnessed a 43.75% gain in the last 1 month and extending the period to 3 months gives it a 11.08%, and is 33.90% up 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 8.65% over the week and 6.94% over the month.
Lightwave Logic Inc (LWLG) has around 33 employees, a market worth around $472.02M and $0.09M in sales. Profit margin for the company is -24152.98%. Distance from 52-week low is 60.57% and -31.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.92%).
160.0 institutions hold shares in Lightwave Logic Inc (LWLG), with institutional investors hold 27.13% of the company’s shares. The shares outstanding are 120.72M, and float is at 119.92M with Short Float at 18.13%. Institutions hold 26.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.23 million shares valued at $27.6 million. The investor’s holdings represent 7.7611 of the LWLG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.62 million shares valued at $25.78 million to account for 7.2479 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 2.8 million shares representing 2.3543 and valued at over $8.37 million, while STATE STREET CORP holds 2.1988 of the shares totaling 2.62 million with a market value of $7.82 million.
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.
