Lightwave Logic (NASDAQ:LWLG) Trading 11% Higher – Still a Buy?

Shares of Lightwave Logic Inc. (NASDAQ:LWLG) were up 11% during mid-day trading on Thursday . The company traded as high as $4.15 and last traded at $4.2950. Approximately 688,645 shares changed hands during trading, a decline of 71% from the average daily volume of 2,378,768 shares. The stock had previously closed at $3.87.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lightwave Logic Stock Performance

The company’s 50 day simple moving average is $4.11 and its 200 day simple moving average is $3.43. The stock has a market cap of $555.10 million, a PE ratio of -23.06 and a beta of 2.85.

Lightwave Logic (NASDAQ:LWLG) last announced its earnings results on Friday, November 14th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative return on equity of 62.24% and a negative net margin of 20,797.03%.

Insider Transactions at Lightwave Logic

In other news, Director Laila Partridge sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the completion of the sale, the director directly owned 63,963 shares of the company’s stock, valued at $237,942.36. This trade represents a 13.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lightwave Logic

Several institutional investors have recently added to or reduced their stakes in the stock. Sherbrooke Park Advisers LLC bought a new stake in Lightwave Logic in the third quarter worth about $38,000. WINTON GROUP Ltd purchased a new stake in shares of Lightwave Logic during the 2nd quarter worth approximately $39,000. Hudson Bay Capital Management LP bought a new stake in shares of Lightwave Logic in the 2nd quarter worth approximately $40,000. Truist Financial Corp purchased a new position in Lightwave Logic in the second quarter valued at approximately $42,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Lightwave Logic by 18.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 35,547 shares of the company’s stock valued at $44,000 after purchasing an additional 5,468 shares during the last quarter. 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.