Lightwave Logic Inc. (NASDAQ:LWLG) currently has a daily average trading volume of 635.83K but it saw 3736435 shares traded on Thursday. With a market cap of 677.38M USD, stock’s current market price of $5.50 came rising about 5.97 while comparing to the previous closing price of $5.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.43 and as low as $3.88. In the recent trading on the day, stock has struck highest price mark of $6.70 while lowest mark touched by it was $5.30.
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Taking a look at 20-day trading activity of Lightwave Logic Inc. (LWLG) gives us an average price of $4.78, while its current price level is -55.75% below from 52-week high level whereas it is 41.75% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.73 while that of 200 days or SMA-200 reads an average of $6.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.96% during that period while stretching the period over a month that decreases to 9.77%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.10 which implies that the stock is in neutral territory.
Lightwave Logic Inc. (LWLG)’s stock is currently under the radar of 0 analysts who are in consensus at a 12-month price target range of between $2.71 and $2.71 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.71 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $2.71. Average price target assigned by them is $2.71 which highlights a downside potential of -102.95% for the stock over that period. And to attain the median price target of $2.71 assigned by those analysts, stock has to subtract about -102.95% of value to its current levels.
Over the week, LWLG’s stock price is moving 0.18% up while it is 32.85% when we observe its performance for the past one month. Year-to-date it is 27.61% up and over the past year, the stock is showing a downside performance of -25.27%.
The company is expected to be releasing its next quarterly report in 08/15/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Lightwave Logic Inc.’s total number of outstanding shares is 113.27M with 5.38% of that held by the insiders while 23.30% of its common stock has been owned by the institutions. Stock’s beta reads 2.18. Stock has a price to book (P/B) ratio of 21.15.
As per SEC documents, Vanguard Total Stock Market ETF shunned 3,299,828 of company’s common stock of worth $14.85 million as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in Lightwave Logic Inc., as iShares Russell 2000 ETF dumped 2,369,386 shares of worth $10.66 million to bring its holdings to a total of 34640.0 shares. In the most recent quarter, Vanguard Extended Market Index Fu came rising its stake by 0.09% in the company and now holds 1.55 million or 1.37% of the company’s stake having worth of about 6.96 million.
