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At $8.76, Lightwave Logic Inc. (LWLG) Is Worth Your Consideration

Lightwave Logic Inc. (NASDAQ:LWLG) concluded the trading at $8.76 on Wednesday, November 23 with a rise of 4.78% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $8.36 and 5Y monthly beta was reading 2.08 with its price kept floating in the range of $8.35 and $8.835 on the day. Considering stock’s 52-week price range provides that LWLG hit a high price of $20.30 and saw its price falling to a low level of $5.39 during that period. Over a period of past 1-month, stock came adding 19.18% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review LWLG stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the LWLG stock which is currently positioned at 0. It further provides that stock’s current price level is 9.06% away from its 20-day simple moving average and is 15.35% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.27 while volatility remained at 7.27% over the past week which changes to 8.53% when measuring it over the past month. Beta is valued at 2.03, while measure of average true range or ATR is currently at 0.66. In predicting price targets of as low as $2.71 and as high as $2.71, analysts are in agreement on assigning the stock over the next 12 months average price target of $2.71. Stock’s current price level is 69.06% above from estimated low price target while it is 69.06% below the estimated high; and even if the LWLG’s share succeeded to reach the median price of $2.71, then the outlook of 69.06% could come to the excitement of the investors.

In comparing Lightwave Logic Inc. (LWLG)’s stock with other industry players reveals that stock’s current price change of 4.78% and that of -32.92% over the past 12 months is in competing position with that of Northern Technologies International Corporation (NTIC) which saw its stock price raised by 0.90% in the last trading and went through a decrease of -13.03% in past 12-month trading. Lightwave Logic Inc. has a P/E ratio of 0 against that of Northern Technologies International Corporation’s 18.02. On the other hand, the S&P 500 Index was up 0.59% in the last trading session while the Dow Jones Industrial closed the session higher at 0.28%.

Having a second look at Lightwave Logic Inc. (NASDAQ:LWLG) provides that stock’s average daily trading volume for 3 months was 652.04K, while it jumped to 0.59 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 112.11 million.

The percentage of outstanding shares held by the insiders is 0.47% while it is 22.40% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 17.79 million which implies a short ratio of 27.98. This shows down a 15.87% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 18.04 million in the previous month. Subtraction of -41.13% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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