Lightwave Logic (NASDAQ:LWLG) Shares Up 13.8% – Should You Buy?

Lightwave Logic Inc. (NASDAQ:LWLG) shares shot up 13.8% during mid-day trading on Tuesday . The stock traded as high as $4.04 and last traded at $4.0180. 482,279 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,848,750 shares. The stock had previously closed at $3.53.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Lightwave Logic presently has an average rating of “Sell”.

Lightwave Logic Stock Up 14.6%

The stock has a market cap of $541.06 million, a P/E ratio of -22.42 and a beta of 3.02. The company has a 50-day simple moving average of $3.62 and a two-hundred day simple moving average of $3.89.

Insiders Place Their Bets

In other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 25,591 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total value of $89,056.68. Following the transaction, the director owned 123,944 shares in the company, valued at approximately $431,325.12. The trade was a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laila Partridge sold 10,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the sale, the director owned 63,963 shares of the company’s stock, valued at approximately $237,942.36. This represents a 13.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lightwave Logic

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in Lightwave Logic by 50.1% in the fourth 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 period. Kathmere Capital Management LLC purchased a new stake in shares of Lightwave Logic in the 4th quarter worth about $33,000. Bernardo Wealth Planning LLC bought a new stake in shares of Lightwave Logic during the 4th quarter valued at about $33,000. Dakota Wealth Management purchased a new position in shares of Lightwave Logic during the fourth quarter valued at about $36,000. Finally, Sherbrooke Park Advisers LLC bought a new position in Lightwave Logic in the third quarter worth about $38,000. 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.