Lightwave Logic (NASDAQ:LWLG) Reaches New 12-Month High – Should You Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) shares hit a new 52-week high on Tuesday . The stock traded as high as $14.82 and last traded at $14.18, with a volume of 11411803 shares traded. The stock had previously closed at $12.54.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Lightwave Logic currently has an average rating of “Sell”.

Lightwave Logic Price Performance

The stock’s 50-day moving average is $7.08 and its 200 day moving average is $5.23. The company has a market cap of $2.28 billion, a PE ratio of -89.18 and a beta of 2.75.

Lightwave Logic (NASDAQ:LWLG) last posted its earnings results on Friday, March 20th. The company reported ($0.04) 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 for the quarter.

Insider Activity at Lightwave Logic

In other Lightwave Logic news, insider Snizhana P. Quan sold 20,000 shares of the firm’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 owned 51,125 shares of the company’s stock, valued at approximately $529,655. This trade represents a 28.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald A. Bucchi sold 11,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $6.92, for a total transaction of $76,120.00. Following the completion of the transaction, the director directly owned 294,879 shares of the company’s stock, valued at approximately $2,040,562.68. This represents a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 142,127 shares of company stock valued at $1,022,406 over the last three months. Company insiders own 2.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cannon Global Investment Management LLC purchased a new position in shares of Lightwave Logic in the first quarter worth $387,000. Brandywine Oak Private Wealth LLC purchased a new position in shares of Lightwave Logic in the first quarter worth $76,000. XTX Topco Ltd purchased a new position in shares of Lightwave Logic in the fourth quarter worth $653,000. Twinbeech Capital LP purchased a new position in shares of Lightwave Logic in the fourth quarter worth $75,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Lightwave Logic in the fourth quarter worth $93,000. Hedge funds and other institutional investors own 27.04% of the company’s stock.

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.