Lightwave Logic Inc. (NASDAQ:LWLG) shares, rose in value on Wednesday, 11/24/21, with the stock price up by 4.29% to the previous day’s close as strong demand from buyers drove the stock to $13.62.
Actively observing the price movement in the last trading, the stock closed the session at $13.06, falling within a range of $12.42 and $13.78. The value of beta (5-year monthly) was 1.48. Referring to stock’s 52-week performance, its high was $17.24, and the low was $0.72. On the whole, LWLG has fluctuated by 34.85% over the past month.
With the market capitalization of Lightwave Logic Inc. currently standing at about $1.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 01, 2021.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LWLG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LWLG currently trading nearly 6.73% and 21.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.26, while the 7-day volatility ratio is showing 9.30% which for the 30-day chart, stands at 9.65%. Furthermore, Lightwave Logic Inc. (LWLG)’s beta value is 1.43, and its average true range (ATR) is 1.07. The company’s stock has been forecasted to trade at an average price of $2.71 over the course of the next 52 weeks, with a low of $2.71 and a high of $2.71. Based on these price targets, the low is 80.1% off current price, whereas the price has to move 80.1% to reach the yearly target high. Additionally, analysts’ median price of $2.71 is likely to be welcomed by investors because it represents an increase of 80.1% from the current levels.
A comparison of Lightwave Logic Inc. (LWLG) with its peers suggests the former has fared considerably weaker in the market. LWLG showed an intraday change of 4.29% in last session, and over the past year, it grew by 1602.50%%. In comparison, Northern Technologies International Corporation (NTIC) has moved higher at 1.33% on the day and was up 60.08% over the past 12 months. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial Slipped by -0.03%.
Data on historical trading for Lightwave Logic Inc. (NASDAQ:LWLG) indicates that the trading volumes over the past 10 days have averaged 0.91 million and over the past 3 months, they’ve averaged 610.63K. According to company’s latest data on outstanding shares, there are 107.73 million shares outstanding.
Nearly 0.53% of Lightwave Logic Inc.’s shares belong to company insiders and institutional investors own 1.40% of the company’s shares. The stock has risen by 1364.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LWLG stock heading into the next quarter.