Witnessing the stock’s movement on the chart, on Wednesday, Lightwave Logic Inc (NASDAQ: LWLG) had a quiet start as it plunged -20.00% to $2.96, before settling in for the price of $3.70 at the close. Taking a more long-term approach, LWLG posted a 52-week range of $2.43-$5.69.
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The Basic Materials sector firm’s twelve-monthly sales growth has been 0.00% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -19.24%. This publicly-traded company’s shares outstanding now amounts to $120.72 million, simultaneously with a float of $119.92 million. The organization now has a market capitalization sitting at $357.32 million. At the time of writing, stock’s 50-day Moving Average stood at $3.08, while the 200-day Moving Average is $3.53.
Lightwave Logic Inc (LWLG) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Specialty Chemicals industry. Lightwave Logic Inc’s current insider ownership accounts for 0.66%, in contrast to 27.12% institutional ownership. According to the most recent insider trade that took place on Dec 13 ’23, this organization’s Director sold 75,000 shares at the rate of 4.67, making the entire transaction reach 350,528 in total value, affecting insider ownership by 179,128. Preceding that transaction, on Dec 06 ’23, Company’s Director sold 27,000 for 4.75, making the whole transaction’s value amount to 128,343. This particular insider is now the holder of 81,749 in total.
Lightwave Logic Inc (NASDAQ: LWLG) Trading Performance Indicators
Let’s observe the current performance indicators for Lightwave Logic Inc (LWLG). It’s Quick Ratio in the last reported quarter now stands at 24.48. The Stock has managed to achieve an average true range (ATR) of 0.30. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3248.36.
In the same vein, LWLG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.18.
Technical Analysis of Lightwave Logic Inc (LWLG)
Going through the that latest performance of [Lightwave Logic Inc, LWLG]. Its last 5-days volume of 1.0 million indicated improvement to the volume of 0.67 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 62.89% While, its Average True Range was 0.34.
Raw Stochastic average of Lightwave Logic Inc (LWLG) in the period of the previous 100 days is set at 26.59%, which indicates a major rise in contrast to 14.93% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 117.91% that was higher than 87.10% volatility it exhibited in the past 100-days period.
