Lightwave Logic Inc (NASDAQ: LWLG) Now $0.79 Higher From Its Low (0.14), Does It Still Have A Growth Story?

Lightwave Logic Inc (NASDAQ:LWLG) currently has a daily average trading volume of 757.06K but it saw 323454 shares traded in last market. With a market cap of 115.59M USD, the company’s current market price of $0.93 came rising about 1.96 while comparing to the previous closing price of $0.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.36 and as low as $0.79. In the recent trading on the day, stock has struck highest price mark of $0.88 while lowest mark touched by it was $0.9453.

Taking a look at 20-day trading activity of Lightwave Logic Inc (LWLG) gives us an average price of $0.9923, while its current price level is -78.72% below from 52-week high level whereas it is 17.40% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2075 while that of 200 days or SMA-200 reads an average of $2.3929. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.29% during that period while stretching the period over a month that increases to 10.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.86 which implies that the stock is in neutral territory.

Over the week, LWLG’s stock price is moving -2.42% down while it is -15.67% when we observe its performance for the past one month. Year-to-date it is -55.83% down and over the past year, the stock is showing a downside performance of -76.81%.

Currently, Lightwave Logic Inc’s total number of outstanding shares is 124.61M. Company’s return on investment (ROI) stands at -62.56% and return on equity (ROE) at -64.52%. Stock’s beta reads 2.34. Stock has a price to book (P/B) ratio of 3.42 while price to sale or P/S ratio amounts to 1155.88. Its return on asset (ROA) is -56.63% on average.