Lightwave Logic Inc (NASDAQ: LWLG) is -48.24% lower on its value in year-to-date trading and has touched a low of $0.79 and a high of $4.23 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 $1.79 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $2.06, the stock is 45.79% and 66.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing 15.08% at the moment leaves the stock 13.57% off its SMA200. LWLG registered -1.90% loss for a year compared to 6-month loss of 7.29%. The firm has a 50-day simple moving average (SMA 50) of $1.2164 and a 200-day simple moving average (SMA200) of $1.8174.
The stock witnessed a 60.94% gain in the last 1 month and extending the period to 3 months gives it a 122.08%, and is 40.14% 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 13.63% over the week and 9.11% over the month.
Lightwave Logic Inc (LWLG) has around 31 employees, a market worth around $257.58M and $0.09M in sales. Profit margin for the company is -24461.90%. Distance from 52-week low is 160.73% and -51.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.20%).
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Lightwave Logic Inc (LWLG) Top Institutional Holders
148.0 institutions hold shares in Lightwave Logic Inc (LWLG), with institutional investors hold 26.35% of the company’s shares. The shares outstanding are 124.65M, and float is at 123.30M with Short Float at 14.71%. Institutions hold 26.10% 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 7.6818% 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 7.1738 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 2.8 million shares representing 2.3302% and valued at over $8.37 million, while STATE STREET CORP holds 2.1763 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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