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The closing price of Lightwave Logic Inc (NASDAQ: LWLG) was $2.76 for the day, down -6.44% from the previous closing price of $2.95. In other words, the price has decreased by -$6.44 from its previous closing price. On the day, 0.76 million shares were traded. LWLG stock price reached its highest trading level at $2.985 during the session, while it also had its lowest trading level at $2.71.
Ratios:
Our analysis of LWLG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 20.08 and its Current Ratio is at 20.08. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
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 357408960 and an Enterprise Value of 306822336. For the stock, the TTM Price-to-Sale (P/S) ratio is 3702.08 while its Price-to-Book (P/B) ratio in mrq is 9.35. Its current Enterprise Value per Revenue stands at 3398.79 whereas that against EBITDA is -14.192.
Stock Price History:
Over the past 52 weeks, LWLG has reached a high of $5.69, while it has fallen to a 52-week low of $2.43. The 50-Day Moving Average of the stock is -5.15%, while the 200-Day Moving Average is calculated to be -26.73%.
Shares Statistics:
LWLG traded an average of 597.45K shares per day over the past three months and 637900 shares per day over the past ten days. A total of 120.72M shares are outstanding, with a floating share count of 119.92M. Insiders hold about 0.66% of the company’s shares, while institutions hold 26.86% stake in the company. Shares short for LWLG as of 1726185600 were 20370986 with a Short Ratio of 34.10, compared to 1723680000 on 20838950. Therefore, it implies a Short% of Shares Outstanding of 20370986 and a Short% of Float of 16.97.