Lightwave Logic Inc [NASDAQ: LWLG] surged by $0.02 during the normal trading session on while it closed the day at $0.93.
Lightwave Logic Inc stock has also loss -2.42% of its value over the past 7 days. However, LWLG stock has declined by -51.69% in the 3 months of the year. Over the past six months meanwhile, it has lost -68.66% and lost -55.83% year-on date.
The market cap for LWLG stock reached $115.59 million, with 124.61 million shares outstanding and 123.31 million shares in the current float. Compared to the average trading volume of 757.06K shares, LWLG reached a trading volume of 323454 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Lightwave Logic Inc [LWLG]:
The Average True Range (ATR) for Lightwave Logic Inc is set at 0.11, with the Price to Sales ratio for LWLG stock in the period of the last 12 months amounting to 1155.88. The Price to Book ratio for the last quarter was 3.42, with the Price to Cash per share for the same quarter was set at 0.22.
LWLG stock trade performance evaluation
Lightwave Logic Inc [LWLG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.42. With this latest performance, LWLG shares dropped by -15.67% in over the last four-week period, additionally sinking by -68.66% over the last 6 months – not to mention a drop of -76.81% 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 40.86, with the RSI for the last a single of trading hit 41.85, and the three-weeks RSI is set at 40.04 for Lightwave Logic Inc [LWLG]. The present Moving Average for the last 50 days of trading for this stock 1.2075, while it was recorded at 0.9501 for the last single week of trading, and 2.3929 for the last 200 days.
Lightwave Logic Inc [LWLG]: An insightful look at the core fundamentals
Lightwave Logic Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.75 and a Current Ratio set at 15.75.
Lightwave Logic Inc [LWLG]: Institutional Ownership
There are presently around $27.29%, or 27.56%% 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 2.3302%.
