Lightwave Logic Inc (NASDAQ: LWLG) is 15.24% higher on its value in year-to-date trading and has touched a low of $1.75 and a high of $5.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LWLG stock was last observed hovering at around $2.16 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $2.42, the stock is 10.49% and -12.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 12.04% at the moment leaves the stock -24.46% off its SMA200. LWLG registered -45.12% loss for a year compared to 6-month loss of -17.97%. The firm has a 50-day simple moving average (SMA 50) of $2.7642 and a 200-day simple moving average (SMA200) of $3.2035.
The stock witnessed a -9.36% gain in the last 1 month and extending the period to 3 months gives it a -10.04%, and is 14.15% 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 9.10% over the week and 12.75% over the month.
Lightwave Logic Inc (LWLG) has around 33 employees, a market worth around $331.79M and $0.11M in sales. Profit margin for the company is -19383.50%. Distance from 52-week low is 38.29% and -54.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.75%).
.
Lightwave Logic Inc (LWLG) Top Institutional Holders
162.0 institutions hold shares in Lightwave Logic Inc (LWLG), with institutional investors hold 27.99% of the company’s shares. The shares outstanding are 121.47M, and float is at 121.20M with Short Float at 16.41%. Institutions hold 27.79% 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
#####
