The stock of Lightwave Logic Inc. (NASDAQ:LWLG) increased by $0.08 on Friday to finish at $6.69, up 1.21 percent. The last five days have seen an average of 575,660 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $2.38. The average number of shares traded over the last 20 days was 639,150, while the average volume over the last 50 days totaled 766,832.
LWLG stock dropped -14.67% since last month. On 08/03/23, the company’s shares reached a one-month low of $6.21. The stock touched a high of $12.43 on 06/07/23, after rallying from a low of $3.88 in 52 weeks. The price of LWLG stock has risen by 55.22% or $2.38 this year, reaching a new high 15 times. Still, the stock price is down -46.18% from the 52-week high.
Insider Transactions
LWLG stock investors should be aware that Lightwave Logic Inc. (LWLG) stock had its last reported insider trading activity 26 days ago on Jul 19. On Jul 19, Director LEONBERGER FREDERICK J sold 49,000 shares at $7.75 each. This transaction resulted in the insider making $379,750. On Jun 12, El-Ahmadi Siraj Nour sold 100,000 shares at a price of US$7.77. After the transaction, the insider now owns 29,128 shares. Director Bucchi Ronald A had earlier sold 27,625 shares on Jun 06 for $8.21 a share. The transaction was completed for $226,663.
Financial Health
For the recent quarter, Lightwave Logic Inc.’s quick ratio was 36.50, while its current ratio was 36.50, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $0.21 million and revenue of $17.14 million.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was -$4.98 million for the quarter. At the end of Lightwave Logic Inc.’s most recent quarter, its liabilities totaled 3.78 million, while its total debt was $2.97 million. Equity owned by shareholders amounts to $116.46 million.
Technical Picture
Here’s a quick look at Lightwave Logic Inc.’s (LWLG) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 46.63%, suggesting the stock is Neutral, with a 28.28% historical volatility rate.
The stochastic %K and %D were 30.45% and 24.16% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 40.34%, the RSI (14) reading is 46.10%. On the 9-day MACD Oscillator, the stock is at 0.04, and the 14-day reading is at -0.08.
Analyst Ratings
Analysts have assigned Lightwave Logic Inc. (LWLG) an – rating. LWLG is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is LWLG’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.71 and $2.71, with a median target price of $2.71. In analyzing these forecasts, the average price target given by analysts for Lightwave Logic Inc. (LWLG) is $2.71.
