Lightwave Logic Inc. (NASDAQ:LWLG) saw an upside of 5.79% to close Friday at $6.76 after adding $0.37 on the day. The 5-day average trading volume is 538,220 shares of the company’s common stock. It has gained $7.05 in the past week and touched a new high 2 times within the past 5 days. An average of 529,985 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 705,102.
LWLG’s 1-month performance is -8.65% or -$1.41 on its low of $6.21 reached on 08/18/23. The company’s shares have touched a 52-week low of $3.88 and high of $12.43, with the stock’s rally to the 52-week high happening on 06/07/23. YTD, LWLG has achieved 56.84% or $2.45 and has reached a new high 15 times. However, the current price is down -45.62% from the 52-week high price.
Insider Transactions
LWLG stock investors last saw insider trading activity on Jul 19.LEONBERGER FREDERICK J (Director) most recently sold 49,000 shares at $7.75 per share on Jul 19. This transaction cost the insider $379,750. Director, El-Ahmadi Siraj Nour, sold 100,000 shares at a price of $7.77 on Jun 12. Then, on Jun 06, Director Bucchi Ronald A sold 27,625 shares at a price of $8.21 per share. This transaction amounted to $226,663.
Valuation Metrics
LWLG stock has a beta of 2.12. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 21.13.
Lightwave Logic Inc.’s quick ratio for the recent period was 36.50, with the current ratio over the same period at 36.50. The firm’s gross profit as reported stood at $0.21 million against revenue of $17.14 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 30.4% to -$5.46 million, while revenue of -$5.48 million was -0.37% off the previous quarter. EBITDA for the quarter stood at more than -$4.98 million. LWLG stock balance sheet for the recent quarter shows that total liabilities totaled 3.78 million, with total debt at $2.97 million. Shareholders hold equity totaling $116.46 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 18 August was 51.90% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.55%.
The stock’s 5-day moving average is $6.63, reflecting a +1.05% or $0.07 change from its current price. LWLG is currently trading -6.89% above its 20-day SMA, +42.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.49% and SMA200 by-20.19%.
Stochastic %K and %D was 41.27% and 38.84% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 49.30%, while the 14-day stochastic is at 65.48% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at -0.05 and -0.02 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.
