Lightwave Logic (NASDAQ:LWLG) Issues Quarterly Earnings Results

Lightwave Logic (NASDAQ:LWLG) posted its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.03 million for the quarter. Lightwave Logic had a negative return on equity of 66.64% and a negative net margin of 22,321.05%.

Lightwave Logic Price Performance

Shares of NASDAQ:LWLG traded up $0.04 during trading on Friday, reaching $4.84. The stock had a trading volume of 1,261,109 shares, compared to its average volume of 1,430,827. The stock has a market capitalization of $626.49 million, a PE ratio of -26.89 and a beta of 2.58. Lightwave Logic has a 52 week low of $0.79 and a 52 week high of $6.26. The business’s 50-day moving average price is $4.52 and its 200 day moving average price is $2.67.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen upgraded Lightwave Logic from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Insider Activity at Lightwave Logic

In other Lightwave Logic news, Director Thomas M. Connelly, Jr. sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.25, for a total value of $25,500.00. Following the completion of the transaction, the director directly owned 45,811 shares of the company’s stock, valued at approximately $194,696.75. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laila Partridge sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $4.11, for a total transaction of $41,100.00. Following the completion of the transaction, the director owned 53,802 shares of the company’s stock, valued at $221,126.22. This trade represents a 15.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,000 shares of company stock valued at $106,300 in the last three months. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Lightwave Logic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Lightwave Logic during the 2nd quarter worth about $340,000. Nuveen LLC acquired a new position in Lightwave Logic during the first quarter valued at approximately $315,000. PTM Wealth Management LLC bought a new stake in Lightwave Logic in the second quarter valued at approximately $134,000. Truist Financial Corp acquired a new stake in Lightwave Logic in the second quarter worth $42,000. Finally, UMB Bank n.a. boosted its position in shares of Lightwave Logic by 5.8% during the second quarter. UMB Bank n.a. now owns 367,092 shares of the company’s stock worth $455,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Company Profile

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.