Now Is The Time To Build A Position In Lightwave Logic Inc (NASDAQ:LWLG)

In last trading session, Lightwave Logic Inc (NASDAQ:LWLG) saw 0.28 million shares changing hands with its beta currently measuring 2.02. Company’s recent per share price level of $2.95 trading at $0.09 or 3.15% at ring of the bell on the day assigns it a market valuation of $356.12M. That closing price of LWLG’s stock is at a discount of -92.88% from its 52-week high price of $5.69 and is indicating a premium of 17.63% from its 52-week low price of $2.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 597.80K if we extend that period to 3-months.

Lightwave Logic Inc (NASDAQ:LWLG) trade information

Upright in the green during last session for gaining 3.15%, in the last five days LWLG remained trading in the green while hitting it’s week-highest on Tuesday, 09/24/24 when the stock touched $2.95 price level, adding 4.84% to its value on the day. Lightwave Logic Inc’s shares saw a change of -40.76% in year-to-date performance and have moved 6.50% in past 5-day. Lightwave Logic Inc (NASDAQ:LWLG) showed a performance of 3.51% in past 30-days. Number of shares sold short was 20.37 million shares which calculate 39.8 days to cover the short interests.

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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -19.24% during past 5 years.

Lightwave Logic Inc (NASDAQ:LWLG)’s Major holders

Insiders are in possession of 0.66% of company’s total shares while institution are holding 26.92 percent of that, with stock having share float percentage of 27.10%. Investors also watch the number of corporate investors in a company very closely, which is 26.92% institutions for Lightwave Logic Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at LWLG for having 9.23 million shares of worth $27.6 million. And as of 2024-06-30, it was holding 7.7611 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 8.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.2479 of outstanding shares, having a total worth of $25.78 million.