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Lightwave Logic Inc. (NASDAQ: LWLG): Overvalued In Comparison To Others?

Lightwave Logic Inc. (NASDAQ:LWLG) shares, rose in value on Thursday, 05/12/22, with the stock price down by -2.26% to the previous day’s close as strong demand from buyers drove the stock to $6.93.

Actively observing the price movement in the last trading, the stock closed the session at $7.09, falling within a range of $6.23 and $7.28. The value of beta (5-year monthly) was 1.72. Referring to stock’s 52-week performance, its high was $20.30, and the low was $1.34. On the whole, LWLG has fluctuated by -27.66% over the past month.

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With the market capitalization of Lightwave Logic Inc. currently standing at about $832.85 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 30, 2022 – Apr 04, 2022.

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 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LWLG currently trading nearly -37.42% and -29.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.77, while the 7-day volatility ratio is showing 19.15% which for the 30-day chart, stands at 12.87%. Furthermore, Lightwave Logic Inc. (LWLG)’s beta value is 1.58, and its average true range (ATR) is 1.25. 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 60.89% off current price, whereas the price has to move 60.89% 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 60.89% 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 -2.26% in last session, and over the past year, it grew by 402.17%%. In comparison, Northern Technologies International Corporation (NTIC) has moved lower at -2.83% on the day and was down -34.35% over the past 12 months. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.33%.

Data on historical trading for Lightwave Logic Inc. (NASDAQ:LWLG) indicates that the trading volumes over the past 10 days have averaged 1.38 million and over the past 3 months, they’ve averaged 969.77K. According to company’s latest data on outstanding shares, there are 109.16 million shares outstanding.

Nearly 0.30% of Lightwave Logic Inc.’s shares belong to company insiders and institutional investors own 9.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.54 million shares as on Feb 14, 2022, resulting in a short ratio of 7.19. According to the data, the short interest in Lightwave Logic Inc. (LWLG) stood at 9.53% of shares outstanding as of Feb 14, 2022; the number of short shares registered in Jan 13, 2022 reached 4.92 million. The stock has fallen by -53.43% 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.

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