Lightwave Logic Inc (NASDAQ:LWLG) does about 615.75K shares in volume on a normal day but saw 1903224 shares change hands in the recent trading day. The company now has a market cap of 490.12M USD. Its current market price is $4.06, marking an increase of 3.84% compared to the previous close of $3.91. The 52 week high reached by this stock is $5.69 whilst the lowest price level in 52 weeks is $2.43.
Lightwave Logic Inc (LWLG) has a 20-day trading average at $2.98 and the current price is -28.65% off the 52-week high compared with 66.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.82 and its 200-day simple moving average is $3.61. If we look at the stock’s price movements over the week, volatility stands at 9.64%, which decreases to 7.15% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 78.75 to suggest the stock is overbought.
The consensus objective for the share price is $2.71, suggesting that the stock has a potential downside of -49.82% over the period.
The current price level is 36.29%, 43.84%, and 12.61% away from its SMA20, SMA50, and SMA200 respectively, with the LWLG price moving below the 50-day SMA on current market day. Lightwave Logic Inc (LWLG) stock is up 37.16% over the week and 45.00% over the past month. Its price is -18.47% year-to-date and -11.93% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -49.82 percent from here.
Outstanding shares total 120.72M with insiders holding 0.66% of the shares and institutional holders owning 26.96% of the company’s common stock. The company has a return on investment of -56.92% and return on equity of -60.23%. The beta has a value of 2.03. Price to book ratio is 13.76 and price to sales ratio is 5445.81.
