The stock of Lightwave Logic Inc (NASDAQ: LWLG) has decreased by -16.89 when compared to last closing price of 3.70.Despite this, the company has seen a loss of -15.05% in its stock price over the last five trading days. prnewswire.com reported 2024-11-13 that ENGLEWOOD, Colo., Nov. 13, 2024 /PRNewswire/ — Lightwave Logic, Inc. (NASDAQ: LWLG), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, today provided a corporate update in conjunction with the filing of its Quarterly Report on Form 10-Q for the third quarter ended September 30, 2024.
Is It Worth Investing in Lightwave Logic Inc (NASDAQ: LWLG) Right Now?
Additionally, the 36-month beta value for LWLG is 2.05. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LWLG is 119.92M and currently, short sellers hold a 17.45% ratio of that float. The average trading volume of LWLG on November 13, 2024 was 631.96K shares.
LWLG’s Market Performance
LWLG stock saw an increase of -15.05% in the past week, with a monthly gain of 3.89% and a quarterly increase of 10.22%. The volatility ratio for the week is 8.71%, and the volatility levels for the last 30 days are 8.61% for Lightwave Logic Inc (LWLG). The simple moving average for the past 20 days is -12.67% for LWLG’s stock, with a -12.93% simple moving average for the past 200 days.
LWLG Trading at -0.07% from the 50-Day Moving Average
After a stumble in the market that brought LWLG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.95% of loss for the given period.
Volatility was left at 8.61%, however, over the last 30 days, the volatility rate increased by 8.71%, as shares sank -6.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.23% upper at present.
During the last 5 trading sessions, LWLG fell by -13.95%, which changed the moving average for the period of 200-days by -29.37% in comparison to the 20-day moving average, which settled at $3.52. In addition, Lightwave Logic Inc saw -38.25% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LWLG starting from LEONBERGER FREDERICK J, who sale 75,000 shares at the price of $4.67 back on Dec 13 ’23. After this action, LEONBERGER FREDERICK J now owns 179,128 shares of Lightwave Logic Inc, valued at $350,528 using the latest closing price.
Bucchi Ronald A, the Director of Lightwave Logic Inc, sale 27,000 shares at $4.75 during a trade that took place back on Dec 06 ’23, which means that Bucchi Ronald A is holding 81,749 shares at $128,343 based on the most recent closing price.
Stock Fundamentals for LWLG
Current profitability levels for the company are sitting at:
- -20.23 for the present operating margin
- -0.92 for the gross margin
The net margin for Lightwave Logic Inc stands at -26.42. The total capital return value is set at -0.44. Equity return is now at value -60.23, with -54.27 for asset returns.
Based on Lightwave Logic Inc (LWLG), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -4.95.
Currently, EBITDA for the company is -19.92 million with net debt to EBITDA at 1.24. When we switch over and look at the enterprise to sales, we see a ratio of 409.11. The receivables turnover for the company is 102.32for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 20.08.
Conclusion
In conclusion, Lightwave Logic Inc (LWLG) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
