Lightwave Logic (NASDAQ:LWLG) Shares Gap Up – Here’s What Happened

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.76, but opened at $12.60. Lightwave Logic shares last traded at $12.7290, with a volume of 1,616,418 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic presently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

The business’s 50 day moving average is $8.18 and its 200-day moving average is $5.54. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -95.71 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last posted its earnings results on Friday, March 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%. The firm had revenue of $0.16 million during the quarter.

Insiders Place Their Bets

In related news, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total value of $76,120.00. Following the transaction, the director directly owned 294,879 shares in the company, valued at approximately $2,040,562.68. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Siraj Nour El-Ahmadi sold 54,536 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $7.76, for a total transaction of $423,199.36. Following the completion of the transaction, the director owned 97,168 shares in the company, valued at $754,023.68. The trade was a 35.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 116,536 shares of company stock worth $933,349 in the last ninety days. 2.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Lightwave Logic by 50.1% in the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after purchasing an additional 3,055 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in Lightwave Logic in the 4th quarter worth $33,000. Bernardo Wealth Planning LLC acquired a new stake in Lightwave Logic in the 4th quarter worth $33,000. Dakota Wealth Management acquired a new stake in Lightwave Logic in the 4th quarter worth $36,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Lightwave Logic in the 3rd quarter worth $38,000. 27.04% of the stock is currently owned by institutional investors and hedge funds.

Lightwave Logic Company Profile

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro?optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.