Lightwave Logic Inc (NASDAQ: LWLG) is -48.10% lower on its value in year-to-date trading and has touched a low of $1.08 and a high of $4.82 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 $1.32 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $1.09, the stock is -17.52% and -35.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -17.42% at the moment leaves the stock -58.70% off its SMA200. LWLG registered -73.99% loss for a year compared to 6-month loss of -58.24%. The firm has a 50-day simple moving average (SMA 50) of $1.6776 and a 200-day simple moving average (SMA200) of $2.6394.
The stock witnessed a -30.13% gain in the last 1 month and extending the period to 3 months gives it a -58.87%, and is -6.84% 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 12.69% over the week and 10.49% over the month.
Lightwave Logic Inc (LWLG) has around 33 employees, a market worth around $133.39M and $0.11M in sales. Profit margin for the company is -19383.50%. Distance from 52-week low is 0.93% and -77.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.75%).
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Lightwave Logic Inc (LWLG) Top Institutional Holders
152.0 institutions hold shares in Lightwave Logic Inc (LWLG), with institutional investors hold 28.03% of the company’s shares. The shares outstanding are 121.47M, and float is at 121.11M with Short Float at 16.30%. Institutions hold 27.82% 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
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