Lightwave Logic (NASDAQ:LWLG) Posts Quarterly Earnings Results

Lightwave Logic (NASDAQ:LWLG) issued its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. Lightwave Logic had a negative return on equity of 38.79% and a negative net margin of 9,019.34%.The firm had revenue of $0.03 million during the quarter.

Lightwave Logic Stock Performance

Shares of LWLG opened at $7.57 on Friday. Lightwave Logic has a 1 year low of $1.99 and a 1 year high of $18.71. The company’s 50 day simple moving average is $7.75 and its 200 day simple moving average is $8.27. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -47.31 and a beta of 2.48.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LWLG shares. Weiss Ratings restated a “sell (e+)” rating on shares of Lightwave Logic in a research note on Friday, July 17th. Wall Street Zen cut Lightwave Logic from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Lightwave Logic currently has an average rating of “Sell”.

Institutional Trading of Lightwave Logic

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of Lightwave Logic by 159.4% in the second quarter. Envestnet Asset Management Inc. now owns 56,952 shares of the company’s stock worth $71,000 after acquiring an additional 35,000 shares in the last quarter. XTX Topco Ltd raised its stake in Lightwave Logic by 183.6% during the second quarter. XTX Topco Ltd now owns 56,610 shares of the company’s stock valued at $70,000 after buying an additional 36,649 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Lightwave Logic during the second quarter valued at approximately $458,000. Jump Financial LLC bought a new position in Lightwave Logic in the 2nd quarter valued at about $56,000. Finally, WINTON GROUP Ltd purchased a new position in Lightwave Logic in the 2nd quarter worth about $39,000. 27.04% of the stock is owned by hedge funds and other 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.