Lightwave Logic (NASDAQ:LWLG) Issues Earnings Results

Lightwave Logic (NASDAQ:LWLG) announced its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 8,571.31% and a negative return on equity of 46.11%.

Lightwave Logic Stock Performance

NASDAQ LWLG traded down $1.28 on Friday, reaching $13.65. The stock had a trading volume of 7,858,678 shares, compared to its average volume of 10,565,022. Lightwave Logic has a 12-month low of $0.92 and a 12-month high of $18.71. The business’s 50-day moving average price is $10.23 and its 200 day moving average price is $6.23. The stock has a market cap of $2.06 billion, a P/E ratio of -80.29 and a beta of 3.22.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lightwave Logic in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lightwave Logic presently has a consensus rating of “Sell”.

Insider Buying and Selling

In other Lightwave Logic news, Director Siraj Nour El-Ahmadi sold 54,536 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $7.76, for a total value of $423,199.36. Following the completion of the sale, the director owned 97,168 shares in the company, valued at approximately $754,023.68. The trade was a 35.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Ronald A. Bucchi sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.92, for a total value of $76,120.00. Following the completion of the sale, the director owned 294,879 shares of the company’s stock, valued at approximately $2,040,562.68. This represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 116,536 shares of company stock valued at $933,349 in the last 90 days. Company insiders own 2.21% of the company’s stock.

Institutional Investors Weigh In On Lightwave Logic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Lightwave Logic during the fourth quarter worth approximately $428,000. Clearwave Capital LLC purchased a new stake in shares of Lightwave Logic during the first quarter worth approximately $95,000. BIP Wealth LLC purchased a new stake in shares of Lightwave Logic during the first quarter worth approximately $196,000. Cannon Global Investment Management LLC purchased a new stake in shares of Lightwave Logic during the first quarter worth approximately $387,000. Finally, Brandywine Oak Private Wealth LLC purchased a new stake in shares of Lightwave Logic during the first quarter worth approximately $76,000. Hedge funds and other 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.