Market Momentum Report: Lightwave Logic Inc (LWLG)’s Positive Close at 3.08

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The price of Lightwave Logic Inc (NASDAQ: LWLG) closed at $3.08 in the last session, up 0.65% from day before closing price of $3.06. In other words, the price has increased by $0.65 from its previous closing price. On the day, 1.07 million shares were traded. LWLG stock price reached its highest trading level at $3.1 during the session, while it also had its lowest trading level at $3.0.

Ratios:

We take a closer look at LWLG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 17.76 and its Current Ratio is at 17.81. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 13 ’23 when LEONBERGER FREDERICK J sold 75,000 shares for $4.67 per share. The transaction valued at 350,528 led to the insider holds 179,128 shares of the business.

Bucchi Ronald A sold 27,000 shares of LWLG for $128,343 on Dec 06 ’23. The Director now owns 81,749 shares after completing the transaction at $4.75 per share. On Jul 19 ’23, another insider, LEONBERGER FREDERICK J, who serves as the Director of the company, sold 49,000 shares for $7.75 each. As a result, the insider received 379,750 and left with 154,128 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LWLG now has a Market Capitalization of 369889504 and an Enterprise Value of 341258080. For the stock, the TTM Price-to-Sale (P/S) ratio is 5283.96 while its Price-to-Book (P/B) ratio in mrq is 9.92. Its current Enterprise Value per Revenue stands at 4811.942 whereas that against EBITDA is -16.193.

Stock Price History:

Over the past 52 weeks, LWLG has reached a high of $9.05, while it has fallen to a 52-week low of $2.43. The 50-Day Moving Average of the stock is -14.90%, while the 200-Day Moving Average is calculated to be -29.46%.

Shares Statistics:

According to the various share statistics, LWLG traded on average about 727.95K shares per day over the past 3-months and 1084170 shares per day over the past 10 days. A total of 120.09M shares are outstanding, with a floating share count of 119.42M. Insiders hold about 0.56% of the company’s shares, while institutions hold 26.26% stake in the company. Shares short for LWLG as of 1715731200 were 20621368 with a Short Ratio of 27.80, compared to 1713139200 on 19958549. Therefore, it implies a Short% of Shares Outstanding of 20621368 and a Short% of Float of 17.27.

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