An Insider Bought 1,000 Shares Of Lightwave Logic Inc. (LWLG)

At the last check on Friday, Lightwave Logic Inc.’s (NASDAQ:LWLG) stock was down -$0.02, moving down -0.18 percent to $10.84. The average number of shares traded per day over the past five days has been 650,254 shares. 2 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 817,404, while in the previous 50 days, it was 1,482,171.

Since last month, LWLG stock rose 55.14%. Shares of the company fell to $6.58 on 07/06/22, the lowest level in the past month. A 52-week high of $20.30 was reached on 01/04/22 after having rallying from a 52-week low of $5.39. Since the beginning of this year, LWLG’s stock price has dropped by -27.02% or -$4.16, and marked a new high 2 times. However, the stock has declined by -46.60% since its 52-week high.

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Lightwave Logic Inc. (LWLG) last reported insider trading activity 115 days ago on Apr 12. Lebby Michael Stephen, the Chief Exec. Officer of the company, purchased of 1,000 shares for $9.98 on Apr 12. It resulted in a $9,985 investment by the insider. El-Ahmadi Siraj Nour sold 35,121 shares at an average price of $10.33 on Jan 14. The insider now owns 0 shares following the transaction. On Dec 31, Director El-Ahmadi Siraj Nour sold 6,862 shares at $15.10 apiece. The transaction was valued at $103,629.

Financial Health

In the recent quarter, Lightwave Logic Inc.’s quick ratio stood at 28.90, while its current ratio was 28.90, showing that the company is able to pay off its debt. Based on annual data, LWLG earned $2.06 million in gross profit and brought in $17.0 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$3.24 million in EBITDA. The liabilities of Lightwave Logic Inc. were 1.23 million at the end of its most recent quarter, and its total debt was $0.49 million. The value of shareholders’ equity is $111.61 million.

Technical Picture

This quick technical analysis looks at Lightwave Logic Inc.’s (LWLG) price momentum. With a historical volatility rate of 69.70%, the RSI 9-day stood at 56.79% on 04 August.

With respect to its five-day moving average, the current Lightwave Logic Inc. price is up by +0.42% percent or $0.05. At present, LWLG shares trade +24.02% above its 20-day simple moving average and +45.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately +45.58% above its SMA50 and +19.99% above its SMA200.

Stochastic coefficient K was 63.06% and Stochastic coefficient D was 67.80%, while ATR was 0.79. Given the Stochastic reading of 54.53% for the 14-day period, the RSI (14) reading has been calculated as 58.89%. As of today, the MACD Oscillator reading stands at 0.32, while the 14-day reading stands at 0.21.


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