Lightwave Logic Inc (NASDAQ: LWLG) Has Fallen -177.07% From Its Highs, What Comes Next?

IPW

Lightwave Logic Inc (NASDAQ:LWLG)’s traded shares stood at 0.68 million during the last session, with the company’s beta value hitting 2.00. At the close of trading, the stock’s price was $2.05, to imply a decrease of -3.30% or -$0.07 in intraday trading. The LWLG share’s 52-week high remains $5.68, putting it -177.07% down since that peak but still an impressive 14.63% since price per share fell to its 52-week low of $1.75. The company has a valuation of $250.86M, with an average of 1.3 million shares in intraday trading volume over the past 10 days and average of 904.14K shares over the past 3 months.

Lightwave Logic Inc (NASDAQ:LWLG) trade information

After registering a -3.30% downside in the last session, Lightwave Logic Inc (LWLG) has traded red over the past five days. The 5-day price performance for the stock is 12.02%, and -24.63% over 30 days. With these gigs, the year-to-date price performance is -58.84%. Short interest in Lightwave Logic Inc (NASDAQ:LWLG) saw shorts transact 19.34 million shares and set a 23.57 days time to cover.

LWLG Dividends

Lightwave Logic Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Lightwave Logic Inc insiders hold 0.71% of total outstanding shares, with institutional holders owning 27.79% of the shares at 27.99% float percentage. In total, 27.79% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 9.23 million shares (or 7.7611% of shares), all amounting to roughly $27.6 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 8.62 million shares, or about 7.2479% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $25.78 million.