Lightwave Logic Inc. (LWLG): Keep paying attention to its insider activity

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Lightwave Logic Inc. (NASDAQ:LWLG) saw a downside of -15.19% to close Tuesday at $4.02 after subtracting -$0.72 on the day. The 5-day average trading volume is 1,378,020 shares of the company’s common stock. It has gained $5.72 in the past week and touched a new high 1 time within the past 5 days. An average of 856,500 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 701,082.

LWLG’s 1-month performance is -54.93% or -$4.90 on its low of $3.91 reached on 12/27/22. The company’s shares have touched a 52-week low of $4.60 and high of $17.59, with the stock’s rally to the 52-week high happening on 01/04/22. YTD, LWLG has lost -72.98% or -$10.86 and has reached a new high 2 times. However, the current price is down -77.15% from the 52-week high price.


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Insider Transactions

LWLG stock investors last saw insider trading activity on Dec 02.LEONBERGER FREDERICK J (Director) most recently sold 31,000 shares at $7.07 per share on Dec 02. This transaction cost the insider $219,108. Director, El-Ahmadi Siraj Nour, sold 35,121 shares at a price of $10.33 on Jan 14. Then, on Dec 31, Director El-Ahmadi Siraj Nour sold 6,862 shares at a price of $15.10 per share. This transaction amounted to $103,629.

Valuation Metrics

LWLG stock has a beta of 2.13. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 15.46.

Lightwave Logic Inc.’s quick ratio for the recent period was 24.10, with the current ratio over the same period at 24.10. The firm’s gross profit as reported stood at $2.06 million against revenue of $17.0 million.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 11.46% to -$4.8 million, while revenue of -$3.8 million was 20.83% off the previous quarter. EBITDA for the quarter stood at more than -$4.45 million. LWLG stock balance sheet for the recent quarter shows that total liabilities totaled 1.35 million, with total debt at $0.45 million. Shareholders hold equity totaling $112.58 million.

Let’s look briefly at Lightwave Logic Inc. (LWLG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 11.01% to suggest the stock is trending oversold, with historical volatility in this time period at 68.28%.

The stock’s 5-day moving average is $4.89, reflecting a -29.35% or -$1.67 change from its current price. LWLG is currently trading -50.25% above its 20-day SMA, -62.98% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -37.67% and SMA200 by-54.21%.

Stochastic %K and %D was 3.65% and 4.79% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 19.53%, while the 14-day stochastic is at 2.70% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at -1.06 and -1.66 on the 14-day charts.

Analyst Ratings

What is LWLG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.71 and a high of $2.71, with their median price target at $2.71. Looking at these predictions, the average price target given by analysts is for Lightwave Logic Inc. (LWLG) stock is $2.71.

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