Lightwave Logic (NASDAQ:LWLG) Shares Gap Up – Still a Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) gapped up prior to trading on Monday . The stock had previously closed at $10.14, but opened at $10.87. Lightwave Logic shares last traded at $10.08, with a volume of 880,848 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LWLG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. Wall Street Zen lowered Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Lightwave Logic Stock Up 0.8%

The business has a 50-day moving average price of $11.88 and a 200-day moving average price of $6.96. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -60.34 and a beta of 3.05.

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

Insider Transactions at Lightwave Logic

In related news, Director Ronald A. Bucchi sold 11,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was 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 of the company’s stock, valued at $2,040,562.68. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Snizhana P. Quan sold 20,000 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $10.36, for a total value of $207,200.00. Following the completion of the transaction, the insider directly owned 51,125 shares in the company, valued at approximately $529,655. The trade was a 28.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,881 shares of company stock worth $937,286 over the last 90 days. Insiders own 2.21% of the company’s stock.

Hedge Funds Weigh In On Lightwave Logic

Several hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Lightwave Logic in the fourth quarter valued at $428,000. BIP Wealth LLC purchased a new stake in Lightwave Logic in the first quarter valued at $196,000. Y Intercept Hong Kong Ltd purchased a new stake in Lightwave Logic in the first quarter valued at $99,000. Cannon Global Investment Management LLC purchased a new stake in Lightwave Logic in the first quarter valued at $387,000. Finally, Brandywine Oak Private Wealth LLC purchased a new stake in Lightwave Logic in the first quarter valued at $76,000. 27.04% of the stock is owned by institutional investors and hedge funds.

About Lightwave Logic

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.