Lightwave Logic Inc (NASDAQ:LWLG) shares, rose in value, with the stock price up by 6.61% to the previous day’s close as strong demand from buyers drove the stock to $3.87.
Actively observing the price movement in the last trading, the stock closed the session at $3.63. The value of beta (5-year monthly) was 2.05. Referring to stock’s 52-week performance, its high was $9.18, and the low was $3.57. On the whole, LWLG has fluctuated by -13.23% over the past month.
With the market capitalization of Lightwave Logic Inc currently standing at about $461.27 million, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LWLG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 -6.94% and -8.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.34, while the 7-day volatility ratio is showing 6.69% which for the 30-day chart, stands at 4.98%. Furthermore, Lightwave Logic Inc (LWLG)’s beta value is 2.13, and its average true range (ATR) is 0.22.
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 6.61% in last session, and over the past year, it shrunk by -6.52%%.
Data on historical trading for Lightwave Logic Inc (NASDAQ:LWLG) indicates that the trading volumes over the past 3 months, they’ve averaged 611.48K. According to company’s latest data on outstanding shares, there are 119.19 million shares outstanding.
Nearly 0.57% of Lightwave Logic Inc’s shares belong to company insiders and institutional investors own 27.13% of the company’s shares. The stock has fallen by -22.29% 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.
