Lightwave Logic (NASDAQ:LWLG) Stock Price Up 9.1% – Time to Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) shares shot up 9.1% during mid-day trading on Wednesday . The company traded as high as $17.37 and last traded at $17.38. 2,748,573 shares traded hands during trading, a decline of 49% from the average session volume of 5,418,719 shares. The stock had previously closed at $15.93.

Analysts Set New Price Targets

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

Lightwave Logic Trading Down 18.1%

The company has a market cap of $2.25 billion, a P/E ratio of -87.82 and a beta of 3.22. The company’s fifty day moving average is $10.07 and its 200 day moving average is $6.17.

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

Insider Activity at Lightwave Logic

In related news, insider Snizhana P. Quan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $10.36, for a total transaction of $207,200.00. Following the transaction, the insider directly owned 51,125 shares in the company, valued at $529,655. This trade represents a 28.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Ciesla sold 11,000 shares of Lightwave Logic stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $6.81, for a total value of $74,910.00. Following the completion of the transaction, the director directly owned 118,824 shares in the company, valued at $809,191.44. This trade represents a 8.47% 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 over the last three months. Corporate insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LWLG. Farther Finance Advisors LLC grew its holdings 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 acquiring an additional 3,055 shares during the last quarter. Kathmere Capital Management LLC bought a new position in shares of Lightwave Logic during the fourth quarter valued at about $33,000. Bernardo Wealth Planning LLC bought a new position in shares of Lightwave Logic during the fourth quarter valued at about $33,000. Dakota Wealth Management purchased a new stake in shares of Lightwave Logic during the fourth quarter worth about $36,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Lightwave Logic in the third quarter worth about $38,000. 27.04% of the stock is currently owned by institutional investors.

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.