Lightwave Logic (NASDAQ:LWLG) Shares Up 9.5% – Time to Buy?

Lightwave Logic Inc. (NASDAQ:LWLG)’s stock price rose 9.5% on Tuesday . The company traded as high as $6.45 and last traded at $6.5150. Approximately 795,222 shares were traded during trading, a decline of 86% from the average daily volume of 5,542,586 shares. The stock had previously closed at $5.95.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LWLG. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research report on Friday. Wall Street Zen lowered shares of Lightwave Logic from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Lightwave Logic Price Performance

The firm has a market capitalization of $1.01 billion, a P/E ratio of -38.67 and a beta of 2.40. The stock has a fifty day simple moving average of $9.93 and a two-hundred day simple moving average of $7.92.

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

Institutional Investors Weigh In On Lightwave Logic

Several hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of 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 stake in Lightwave Logic during the 4th quarter worth approximately $33,000. Bernardo Wealth Planning LLC bought a new stake in Lightwave Logic during the 4th quarter worth approximately $33,000. Dakota Wealth Management purchased a new stake in shares of Lightwave Logic in the fourth quarter worth approximately $36,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Lightwave Logic in the third quarter worth approximately $38,000. Institutional investors own 27.04% of the company’s stock.

Lightwave Logic Company Profile

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.