Lightwave Logic Inc [NASDAQ: LWLG] stock went on an upward path that rose over 17.07% on Thursday, amounting to a one-week price increase of more than 33.90%.
Over the last 12 months, LWLG stock dropped by -19.55%. The one-year Lightwave Logic Inc stock forecast points to a potential downside of -44.28.
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The market cap for the stock reached $472.02 million, with 120.72 million shares outstanding and 119.92 million shares in the current float. Compared to the average trading volume of 582.36K shares, LWLG stock reached a trading volume of 3073001 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Lightwave Logic Inc [LWLG]:
The Average True Range (ATR) for Lightwave Logic Inc is set at 0.22, with the Price to Sales ratio for LWLG stock in the period of the last 12 months amounting to 5244.61. The Price to Book ratio for the last quarter was 13.25, with the Price to Cash per share for the same quarter was set at 0.24.
LWLG Stock Performance Analysis:
Lightwave Logic Inc [LWLG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.90. With this latest performance, LWLG shares gained by 43.75% in over the last four-week period, additionally sinking by -4.63% over the last 6 months – not to mention a drop of -19.55% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LWLG stock in for the last two-week period is set at 76.99, with the RSI for the last a single of trading hit 84.23, and the three-weeks RSI is set at 70.70 for Lightwave Logic Inc [LWLG]. The present Moving Average for the last 50 days of trading for this stock 2.80, while it was recorded at 3.22 for the last single week of trading, and 3.61 for the last 200 days.
Insight into Lightwave Logic Inc Fundamentals:
Lightwave Logic Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 20.08 and a Current Ratio set at 20.08.
Lightwave Logic Inc [LWLG] Institutonal Ownership Details
There are presently around $26.96%, or 27.13%% of LWLG stock, in the hands of institutional investors. The top three institutional holders of LWLG stocks are: VANGUARD GROUP INC with ownership of 9.23 million shares, which is approximately 7.7611%. BLACKROCK INC., holding 8.62 million shares of the stock with an approximate value of $$25.78 million in LWLG stocks shares; and BLACKROCK INC., currently with $$8.37 million in LWLG stock with ownership which is approximately 2.3543%.
