Lightwave Logic Inc. (NASDAQ:LWLG) shares, rose in value on Thursday, 05/25/23, with the stock price up by 5.97% to the previous day’s close as strong demand from buyers drove the stock to $5.50.
Actively observing the price movement in the last trading, the stock closed the session at $5.19, falling within a range of $5.30 and $6.70. The value of beta (5-year monthly) was 2.20. Referring to stock’s 52-week performance, its high was $12.43, and the low was $3.88. On the whole, LWLG has fluctuated by 32.85% over the past month.
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With the market capitalization of Lightwave Logic Inc. currently standing at about $677.38 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 08, 2023 – Aug 14, 2023.
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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 Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
0 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the LWLG stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is -.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LWLG currently trading nearly 16.57% and 16.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.10, while the 7-day volatility ratio is showing 12.96% which for the 30-day chart, stands at 9.77%. Furthermore, Lightwave Logic Inc. (LWLG)’s beta value is 2.18, and its average true range (ATR) is 0.50. 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 50.73% off current price, whereas the price has to move 50.73% 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 50.73% 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 5.97% in last session, and over the past year, it shrunk by -25.27%%. In comparison, Northern Technologies International Corporation (NTIC) has moved lower at -0.35% on the day and was up 6.60% 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 0.88%. Meanwhile, the Dow Jones Industrial Slipped by -0.11%.
Data on historical trading for Lightwave Logic Inc. (NASDAQ:LWLG) indicates that the trading volumes over the past 10 days have averaged 1.09 million and over the past 3 months, they’ve averaged 585.82K. According to company’s latest data on outstanding shares, there are 113.27 million shares outstanding.
Nearly 0.10% of Lightwave Logic Inc.’s shares belong to company insiders and institutional investors own 22.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.36 million shares as on May 14, 2023, resulting in a short ratio of 39.02. According to the data, the short interest in Lightwave Logic Inc. (LWLG) stood at 17.80% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 20.41 million. The stock has risen by 27.61% 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.
