Lightwave Logic (NASDAQ:LWLG) Trading Up 8.3% – Here’s Why

Lightwave Logic Inc. (NASDAQ:LWLG)’s share price was up 8.3% during trading on Thursday . The company traded as high as $12.55 and last traded at $12.6630. Approximately 1,756,571 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 5,693,343 shares. The stock had previously closed at $11.69.

Analysts Set New Price Targets

A number of equities analysts recently commented on LWLG shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lightwave Logic has an average rating of “Sell”.

Lightwave Logic Stock Performance

The business’s 50 day simple moving average is $11.01 and its 200-day simple moving average is $6.49. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -75.58 and a beta of 3.22.

Lightwave Logic (NASDAQ:LWLG) last issued its earnings results on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.03 million for the quarter. Lightwave Logic had a negative net margin of 9,019.34% and a negative return on equity of 38.79%.

Insider Activity at Lightwave Logic

In other 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 transaction of $76,120.00. Following the transaction, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas M. Connelly, Jr. sold 9,000 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.52, for a total transaction of $76,680.00. Following the transaction, the director owned 77,132 shares in the company, valued at $657,164.64. This represents a 10.45% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 116,536 shares of company stock worth $933,349. 2.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LWLG. Farther Finance Advisors LLC raised its holdings in shares of Lightwave Logic by 50.1% during the 4th quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock valued at $30,000 after purchasing an additional 3,055 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic during the 4th quarter valued at $33,000. Bernardo Wealth Planning LLC bought a new position in shares of Lightwave Logic during the 4th quarter valued at $33,000. Dakota Wealth Management bought a new position in shares of Lightwave Logic during the 4th quarter valued at $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Lightwave Logic during the 3rd quarter valued at $38,000. Institutional investors own 27.04% of the company’s stock.

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.